Price is heading to the premium level to mitigate the institutional sell side liquidity before going short so my entry is going to be just at the point that the institution will mitigate their loss in the long position and then going short massively.
In EURGBP I am anticipating for a short position after price has rally back up the third time to make a new high but fails....there has been an exhaustion in the bulls strength to continue the upward moves hence making 'Mr Price' to forms a pattern known has the head and shoulder..... I will be anticipating price to break the support level @0.88903 which is in...
From the chat above bitcoin is at it major support level at price $7800 we expecting the price of bitcoin to pulls up to it nearest major resistance level of $9000 over which we are so optimistic that the price will break the zone and skyrocket upward to $12000 or more.My analysis is base purely on price actions(support and resistance level and trend analysis). Thanks.
Looking at the price on Tesla. It is rebounding at the minor resistance level of price $243 with a 60m time frame and there is a rsi bearish divergence and price at the same time is making an equal test(double top formation).Also there is a major resistance level at price $247 indicated by the strong horizontal line which tasted two times. Dropping the lower time...
From my analysis the price is making a higher and has been overstretched showing some reversal candlestick pattern at this point. on the 15mins charts there is a long-legged doji and an hanging forming at the area of value(resistance zone) and on the 1hr chart there is a cross doji which shows a strong rejection from the resistance zone which signifies a bear...