Daily candle on GBPUSD formed doji candle, followed by nice shooting star at previous S/R line, formed at mid-July, confirmed on mid-August and mid-September.
The September monthly candle suggests downwards movement. Price tends to go for confirmation to half of the previous bar's movement before continuing lower. That would mean 1.367, which occurred...
In October 2020 Bitcoin (BTC) posted a new monthly all-time high, beating Dec 2017.
Since we've seen massive bull-runs before, it is entirely possible that BTC will keep on rising, but my expectation is as follows:
BTC will during November dip to 11,600-12,000 zone for additional liquidity and close the monthly candle around 13,500-14,000, and fly up in...
Strong resistance confirmed provides confirmation needed to enter short position on EURUSD with target profit of price cluster S/R zone from previous movement.
Price action patterns often don't create perfect double tops or double bottoms. Usually the spike of second High reach to top of body of previous high.
In this case Previous high is in first yellow circle from 5th April 2016. Right now the spike on H4 reached the top of body of the candle from previous high. It also is around big round number (1.32000) and on...
