BITCOIN Review ------------------- RSI has moved over 50 and broken out the descending trendline (Pink Color) towards upside. RSI is showing momentum is up. Also we see price can not close bellow the neckline. There a bullish hammer is formed. It's a clear bullish signal. Recently we saw price had fallen down sharply after showing a regular bearish divergence....
CADJPY Review ------------------- Pattern : Inverse Head & Shoulder and Flag Pattern. Possible Target : 100 Invalidation : If price comes below the neckline Trading Tips : "When I trade, I don’t just use a price stop, I also use a time stop. If I think a market should break, and it doesn’t, I will often get out even if I’m not losing any money" - Paul Tudor...
Bitcoin Review - BTCUSD : --------------------------------- Price Got Support At The Ascending Channel. Close Your Short. Stand Aside & Wait for Confirmation Whether Price Close Below The Neckline or Price Breakout The Descending Trendline (Pink Color) Towards Upside. Recently we saw price had fallen down sharply after showing a regular bearish divergence. After...
Bitcoin Review : --------------------- Bearish Momentum on 4hr chart. We have seen Head & Shoulder pattern is forming. Possibly recent rally has created the Right Shoulder. Price needs to close below the neckline (12700) to confirm the Head & Shoulder Pattern. Price & RSI have got resistance on descending trend-line. Invalidation : If price & RSI break the...
4 Bullish Sign ---------------- 1. 50% Fibonacci Retrenchment Level. 2. Breakaway Gap Turned Support 3. Hidden Bullish Divergence 4. Potential Inverse Head & Shoulder in Making. Disclaimer : Trading Carries Risk
CADJPY Review --------------------- Pattern : Inverse Head & Shoulder The most interesting part is both WTI and CADJPY have Inverse Head & Shoulder Pattern
WTI - Crude Oil Review ---------------------------- Pattern : Inverse Head & Shoulder Target : 58