GREAT CHANCE FOR A LONG OPPORTUNITY ON BITCOIN.
if BTC is not able to support the current price, we must be ready for a deeper retracement.
Bitcoin on its normal cycle correction. Price action should be monitored in case of a possible pattern inside those buy areas. Long term is definitely a BUY. Risk management must be in place.
Avax looking pretty strong against bitcoin and it is recovering against ether. Level should be monitored for a possible push to the upside
Short term correction for USDCAD can be expected after an aggressive move downwards. Getting an entry on the marked area with low risk stop loss. Risk management is key.
DXY coming from a strong monthly and weekly support and will now attempt to reach the next weekly resistance. monitoring for a possible retracement for a ride up to next resistance.
AUDUSD broke weekly support, but will it attempt to drop more for the next support. monitoring for a possible downwards movement.
GBPUSD finds itself on a strong monthly and weekly resistance. Will GBPUSD attempt to break the daily support to reach the next weekly support and rise from there or go lower? Monitoring current levels for a possible drop.
NZDUSD broke through strong weekly support. Monitoring level for a possible further downward move.
DXY forming a double top pattern on the monthly chart, finds itself on a strong weekly and monthly support, where if the breaks both levels (89.0 being the neckline) we will most likely see it bleed for a few weeks. So what do you think? Are we going down or are we going to see a retracement back up?
Under a lot of confluence for the downward movement, should be monitored
Should be monitored for a possible downward movement.