Btc is bearish. Its traded back into a key area of resistance and should be making another move down. Explanation to follow shortly
support turned resistance SL 1.3100 Target 1.2770
BTC as managed to break free from its 7 month downward consolidation after creating a bull flag. Drawing a fib from the start to the end of the 2019 bull run, we can see that BTC retraced and closed perfectly on the 618 retracement line (month chart) before catapulting to where we are now. What I expect I now expect BTC to test the bigger resistance trend line...
reasoning explained in the chart. Finally time for me to enter this crazy market. Comment below for more info
Eurgbp failed to break previous highs. formed a doubled top. if we can break through 0.88. next stop will be 0.87
Chart explains my reasoning for this call. Comment below for further info
price broke 0.877 weekly support. I initially sold on the retest. Price as now broken 0.8710 daily support. I'm looking to add to my short position with a retest of 0.8710.. 0.8580 tp1, 0.842 tp2.
Price as broken and retest resistance now support level 132. If price stays above this level, we can look for a nice upward trend move towards 134.5. Stop loss below 131.7. I will stay in this trade unless a daily close below 131.7
I have a change of bias here. Price had a nice weekly close below 107.836 and then retested. Since then price as created a diagonal range to the down side. Next level of key support would be around 101 area. This is where i feel price will consolidate before deciding on its next target. Therefore i have marked two possible areas to get in short.