You already know a lot on the channels, reversals and price action. So no need for further explanation on the chart.
Becarefull about the breakout here! There is a bearish channel here, which is at the bottom now. It shows an upcoming wave to the top of this channel. However, if the breakout happens, changing to a bigger down trend is inevitable. Fundamental analysis also is not Gold's friend, traders actively are liquidating Gold positions, and some are buying government bonds.
Seems to have a bullish correction however not so steep bullish notice, there is something like double bottom, which is kind of reversal we have macsi bull signal, as the price is at the bottom of bearish channel, its kind of promissing for correctional bullish channel investing.com sentiment is only 52% bull but candles in H1 is forming bullish reversal if...
Seems a little up to reach the top of the channel, then it goes down as its trend. After that, we are looking for a reversal signal.
BTCUSD seems to be in a bearish channel. I doubt it can break up the channel, but it's always a possibility. In my consideration it tends to keep the bearish channel, however it's a correction channel and not so steep. There also: Engulfing Bearish 1W Doji Star Bearish 1D Engulfing Bearish 1H But wait for the channel breakout too, as always.
The chart shows the way down for BTCUSD in near future. However, you need to wait for the breakdown of the channel. As you can see on the chart, MACD and RSI also seem that are forming downward channel. Please wait for price and MACD to form their channels completely and then break them. Please comment to correct my idea ...
Considering the correction that exists, the probability of beginning an elliot wave, and levels of previous bearish trend, market seems to going up very soon.
BTCUSD has been punished enough. The Bearish trend seems to hit the bottom, the elliotwaves shows a beginning of a bullish trend. More important, many Chinese miners are refreshing old servers and buying brand new miners.
Seems there will be a change to bullish trend soon! At the bottom of a bearish channel, waves changing, wait for the break up. Long when the new channel is built.
Seems to be in the bottom of a bull channel It may hit the bottom before going up A new uptrend is likely
Bearish channel seems to be broken up. A new and bullish trend is beginning hopefully. two targets are ahead. RSI, MACD and ANN are in favor. Please confirm with your other studies.
The bearish channel is already broken. It's possible the trend has changed to bull. 3 target prices ahead, hopefully it meets.
GBPUSD seems to hit the bottom, and tends go long. Wait for the price to breaks up the channel, then go long. Please confirm this with whatever method of trading you are using.
Nothing much to say, it's for my diary. Sometimes it may help to look at the large view, not only technically, but also fundamentally. I believe EURUSD goes down to 1.0700, reach the 5th point of the pattern on Nov 2016. After that, it will go up to 1.2200 hopefully by Feb 2017. If you look back into the EURUSD, the same thing happened from May 2000 to June 2002...
Wait for the break out, then sell.
EURUSD 60 A possibility for a Bearish Divergence According to the RSI bearish divergence signal from RSI and MACD and somehow the completed bearish butterfly in EURUSD 240, there is a possibility we have a downward trend in EURUSD in coming days. However, never forget to check the fundamental analysis and be careful with higher high line. If market breaks this...
According to the RSI bearish divergence signal from RSI and MACD and somehow completed butterfly in EURUSD 240, there is a possibility we have a downward trend in EURUSD in coming days. However, never forget to check the fundamental analysis and be careful with higher high line. If market breaks this line, there is a possibility to upward trend in this ticker. So...