This pair has been caught in a pattern within a pattern and has reached a major decision point. It is currently test a support level that it has recently broken out of and is showing early sign of rejection. should it push up from there, breaking out of the smaller bullish flag pattern to the top of the bearish flag pattern that it has been trading in.
The pair has been trading in a corrective manner after its breakout and has been printing a flag pattern, with a break out soon to form. you can place a buy after it has broken out and re tested the resistance level drawn on my chart which by then will have turned to support if the set up holds you can enter with a tight stop loss and a high risk to reward ratio....
AFTER THE BULISH FLAG SETUP THAT BROKE DOWN YESTERDAY, TODAY BITCOIN HAS COME TO THE END OF ITS MULTI DAY CORRECTION AND IS NOW HEADING TOWARDS THE 48 000 LEVEL. IF IT PASSES THIS LEVEL WE WLL SEE IT PUSH INTO THE 50 000 RANGE, REVERSING ALL THE LOSSES OF THE PAST COUPLE OF DAYS. THE SIGNAL FOR THE TREND CHANGE WAS THE HAMMER THAT HSA FORMED ON THE 3 TO 4 HOUR...
The pair has been trending downwards for a long time that was preceded by a double top formation in the monthly timeframe. now it has begun printing reversal patterns that may begin a correction to the neckline of said double top/ M formation which will be a retest of previous support that has now turned resistance. This can be measured by using the Fib...
The pair has been trading in a channel in the longer timeframes and has recently printed reversal patterns from the lows of the channel, meaning it may begin a bullish trend to the top of the end of the channel.
BITCOIN IS CAUGHT IN A RISING FLAG PATTERN AND IS CURRENTLY TESTING THE LOWS SINCE IT HIT ITS PREVIOUS LOWS AT AROUND 47 000. PRICE IS CURRENTLY TESTING THE LOWER BAND OF THE CHANNEL AND IF IT GETS REJECTED THEN WE CAN EXPECT IT TO MOVE TO THE HIGHER BAND OF HE CHANNEL AT AROUND THE 61 000 RANGE., GOOD LUCK AND MAY THE PIPS ALWAYS BE IN YOUR FAVOUR.
EURJPY HAS BEEN ON A RELENTLESS UPTREND OVER THE PAST FEW WEEKS AND THIS SEEMS TO BE ABOUT TO CONTNUE AS THE PAIR HAS RECENTLY BROKEN OUT OF A BROKEN OUT OF A BULLISH FLAG PATTERN AS IT ATTEMPTS TO BREACH A MONTHLY SUPPORT TURNED RESISTANCE. IF THE SETUP HOLDS, EXPECT A BREACH AND CONTINUATION IN BULLISH SENTIMENT AS WE HEAD INTO THE NEW WEEK. GOOD LUCK AND MAY...
GOLD HAS RECENTLY BROKEN OUT OF AND RETESTED A MAJOR FLAG PATTERN AND IS NOT TRADING IN A RANGE BELOW RESISTANCE. ONCE IT BREAKS OUT OF THE LINE AT 1794, AND RETESTS THE AREA., THAT WILL CONFIRM THAT A BULLISH TREND IS IN PLAY..... GOOD LUCK AND MAY THE PIPS BE IN YOUR FAVOUR. LIKE AND COMMENT IF YOU FOUND THIS INSIGHTFUL
EURUSD BROKE OUT OF A MAJOR BULLISH FLAG PATTERN A WHILE BACK AND HAS RECENTLY BROKEN OUT OF A MINOR ONE, IF THE SETUP HOLDS, WE ARE LOOKING AT A RETEST OF MONTHLY SUPPORT TURNED RESISTANCE AT 1.20600 WHICH IF BROKEN WILL TURN INTO MONTHLY SUPPORT. BEAR IN MIND THAT TOMORROW THERE IS NFP NEWS WHICH MAY DISRUPT SETUPS. GOOD LUCK AND MAY THE TREND ALWAYS BE IN YOUR...
gbpusd seems to be about to make the last touch of the channel and may break to the downside, finishing the bearish flag pattern on HTF