Basing this on resistance and risk-reward. I am not an advanced trader so if there are any tips and suggestions. I am not investing in this trade i am just observing this position.
Bull Trend is reaching exhaustion. Rising Wedge leading to a Continuation of Bearish Multi Monthly Trend. Im keeping my stop losses tight just in case the hard trend is broken, and we go into a more bullish trend the rest of the week. I'm still learning and using my own logic. I'm open to correction and education just sharing my thought process.
Looking at the WEEKLY chart it's looking like it bottomed out This is the end of a downside correction | now eur USD will continue its normal upward trend for the rest of 2021
after a short correction the trend is continuing a continuation to the bottom station.... all aboard the titanic i will keep yall updated....
prepare to fall continuing the pattern from last week will keep you updated as the pattern breaks this brief upswing....
52 fake out taking place....I'm waiting until it retests the trends to make a trade but once these major trends are broken I'm strapping in for 3 consecutive days of drop. What yall think...I know know...Long...
Retracement??? Not an expert just learning looking for feedback.
on the 4 hour we got stong confirmation of upward trend and this same pattern happened when it hit 60k 65k otw
the trend will continue downward but we will see....what happens
Trying to see if this trend is respected or neglected because 66000 is the next stop....
The tale of two trends....I imagine the short-term long trends will break down and the money will roll tf in.....
Waiting for the trend to continue but I'm also not sure if it is ready to break trend so I have yet to make a trade. but I'm confident in this set up. been winning with this trend these previous weeks. I'm not the type to fix things that's not broken.
Broke Trend if it breaks this downward trend...we will see. but it seems as though the long awaited drop is upon us....
Readjusted my trend lines and entered in a Buy Stop at 1.19390 s/l 1.19230 t/p 1.21136