Price has formed a double bottom, BUT, we need to wait for a break in the neckline and/or retest & rejection of said neckline before we enter a LONG trade. That is my bias for this pair for this week. Do you have any other analysis?
GBPUSD might be going down 1) price has broken neckline 2) price below EMA 3) 34 EMA below 89 EMA
THIS IS JUST A TRADE IDEA. TP1 - close 50% TP2 - close 25% TP3 - close 25%
Stochastic showing losing momentum of price on Daily TF. Price has broken previous lows on lower TF (1HR). Price below EMAs. Based on technical price is bearish. Based on previous price support, price may be going down to $19,000.00. Duration for the price move is unknown, maybe a news might act as a catalyst.
Price has just broken previous low and looking to retest it. I have already entered on previous break of resistance on a lower TF, but this is another possible area to enter/re-enter.
Double bottom (green) above Double bottom (blue) INSIDE a Double bottom (red) and price broke a trend line. I am pretty confident price is going up. But anything can happen, so always remember to risk an appropriate and safe amount.
Price has broken the neckline (resistance) of a double bottom and hit resistance and falling back to test the neckline (POTENTIAL SUPPORT?). Enter long ONLY if price rejects or forms reversal patterns.
I have noticed 2 double bottoms at a price zone. looking for a buy.
1) Price has exited a range and came back to retest previous resistance (now looks like support). 2) Price has also respected trend line and most likely to continue going up
1) Price has formed what SEEMS like a double bottom 2) There SEEMS to be a cup and handle formation as well BUT wait for price to break either the previous high of the cup and handle formation or the neckline of the double bottom before going LONG. Price may reach the weekly zone that I've marked out on the charts. Always practice proper risk...
Price looks like it has formed a bearish flag. But then again, its Bitcoin, anything can happen. Price is also at a previous support, so wait for price reaction at the current level before making any decision.
BUY AT NECKLINE. Currently looks like there is upward bias.
Price looks like it cannot break through resistance, so it might just fall through.
Price may have broken from range, BUT, we have to wait for rejection of previous resistance zone. Possibilities: 1) Break and Retest 2) False Break and move to bottom of range
Looks like going up, price has formed an inverted head and shoulders pattern, BUT we still need to wait for break and retest of neck line.
Price has formed a double bottom and has broken and retested the neckline. BUT NFP news is coming within an hour, so wait for bullish action BEFORE hoping on the move.
Price is within a range. Wait for the price to break either the support and resistance and wait fro rejection after that before any decision is made.
Price has created a W-formation (Double Bottom). Find Entry for LONG on lower time.