BullBearFusion

BullBearFusion

Trend : Downtrend remains intact as price stays below the 50-SMA. Candlestick Pattern: The bearish engulfing pattern is a strong reversal signal at resistance levels. Fibonacci Levels: Correctly marked and align with key resistance levels for a short trade setup. Trade Plan: Entry: 2,644–2,645 Stop-Loss: 2,651 Take-Profit 1: 2,630 Take-Profit 2: 2,622 ...

BullBearFusion Updated 

Yesterday BTC price started a fresh increase but really faces a hurdle near $45K (strong resistance area). Price may drop to $33266 but personally, I don't want to start a SHORT trade because on the weekly chart pair is trading in the near-weekly resistance area and above SMA. To start another increase the price must settle above the $45500 level in the near term...

BullBearFusion

Pennant pattern has been identified on the LINK 1D chart. I will take a LONG trade if the price break SMA and the weekly support area on the daily chart. This is not financial advice, please do your own research.

BullBearFusion

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 50 period moving average. Price may fall if drop below 0.7171. Although the daily trend is bullish but candle must close below 50 period moving average to prove negative trend. Also found divergence on RSI. Waiting for...

BullBearFusion Updated 

The downside prevails as long as 126.83 is resistance. Alternative scenario The upside breakout of 126.83, would call for 127.08 and 127.22. Idea The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at...

BullBearFusion Updated 

The EURUSD pair shows +ve attempts since morning, reminding you that breaching this level is required to reinforce the expectations for the continuation of the bullish trend. I think EURUSD will keep preferring the bullish trend for today unless breaking 1.2304 level and holding below it (break SMA 50).

BullBearFusion Updated 

Crude oil ended the session higher at $61.19, a gain of $0.64. Where a break above will open the way towards $62.23. However, any downside may find support at yesterday’s low of $59.56. Meanwhile, the RSI and the Stochastic Oscillator have continued to rise, supporting a positive view. I prefer to keep on side because oil is not breaking todays $61.89 high

BullBearFusion Updated 

Gold has formed a higher high and higher low that indicates potential for further upside. A break above yesterday's high will open the way towards $1,366. However downside will find support at $1,338. RSI and Stochastic are heading up. I think I must buy on dips and keeping my stop loss bellow $1,338

BullBearFusion Updated 

Gold is expected to revisit yesterday's high of $1342 where a break above will continue the uptrend with $1362. Fall bellow $1332 will kick off the correction trend. My idea to stop buying below $1332

BullBearFusion Updated 

Gold showed negative movement to close at $1326. Gold is expected to traget the 14-MA where fall below will lead to further decline towards $1303. Upside will face resistance at $1344. Oscillator and RSI generated a sell signal. My Idea to sell on 1338-1340 and stop loss at 1344.