Looking at GJ as an intraday trader on the 1hr chart, there are two main scenarios I am looking for before making an entry (using technical analysis --> with trend lines , support and resistance (specifically quarter points), pullbacks & major price reversal zones)
1) BULLISH SCENARIO
- If price breaks ABOVE the resistance point of 139, I will wait for the...
Looking at GJ as an intraday trader on the 1hr chart, there are two main scenarios I am looking for before making an entry (using technical analysis --> with trend lines , support and resistance (specifically quarter points), pullbacks & major price reversal zones)
1) BULLISH SCENARIO
- If price breaks ABOVE the resistance point of 139, I will wait for the...
Looking at GJ as an intraday trader on the 1hr chart, there are two main scenarios I am looking for before making an entry (using technical analysis --> with trend lines, support and resistance (specifically quarter points), pullbacks & major price reversal zones)
1) BULLISH SCENARIO
- If price breaks ABOVE the resistance point of 139, I will wait for the...
Examining the USDJPY on a 4hr, 1hr & 15min time frame shows a very evident Gartley Pattern emerging- encouraging a bearish position. Using classical technical analysis techniques- a very straight forward XABCD pattern can be drawn out which tends to inspire a shorted position over the next week.
No major fundamental news appears likely to affect this - assuming...
As BTCUSD approaches the end of a triangle pattern (coming roughly the end of July), the question will be- is Bitcoin going to break up or down? From a technical standpoint, this is fairly unknown. Using fundamental analysis, I am still overall bullish on BTC for the next year or two and do predict it'll break up at this point. Cryptocurrency's mainstream...
