Reasons to enter: 1. Overall Uptrend 2. Daily Fib. retracement at willis zone 3. Daily engulfing candle at ascending channel 4. Possible new lower high is printed 5. Daily resistance hold at 112 6. Psychological round number.
EURUSD pure price action setup: 1. 50% Fib. Retracement 2. Daily rejection candle 3. 50EMA rejection 4. R/R 1/3 5. based on Daily DXY possible right shoulder
Reasons to buy: 1. Uptrend, buy at 50% pullback 2. pullback to falling Wedge 3. Buy at Weekly support 4. Buy after tick bullish body rejection candle 5. Buy at psy. round number 1.62
USDCHF is down trend and if it retrace to broken box, a short position would be considered.
GBPCAD is down trending due to printing LHs & LLs, and it is moving in a descending channel, recently price action seems to print a new LH as a typical counter-trend and has reached to upper down trend channel and then inner counter trend line has broken and pulled back to near it, also forming a Head and Shoulder pattern is possible. All in all this is an short...
EURCAD daily chart has printed a nice rejection candle at daily resistance and 38.2 retracement fibonacci which suppose to be a new lower high.
As you can see price is consolidating for the past couple of weeks on weekly resistance. Also price is respecting weekly ascending trendline perfectly. Due to bearish divergence on DXY daily chart, it's expected that price has another bullish leg to form the right shoulder of Head and Should pattern. However, we have "Non-Farm Employment Change" tomorrow (Aug. 3)...
As you can see, there would be a classic inverse head and should pattern on DXY chart. Also daily chart has a distinguished divergence on RSI and MACD.
Bearish or Bullish? Bitcoin possible forcast
GBPUSD Long - Long term ABCD pattern Great R/R
Long opportunity for LTCUSD (Litcoin) if price could break 165$ and stay above this level. Targets on chart: D1: 195 $, D2: 222 $, D3: 255 $
This is BTCUSDT, 4H chart, price is consolidating in an asymmetric triangle, and both Short and Long scenario is possible. What I find fascinating about this is that not even the largest exchange hack in history was enough to keep price down for long, nor did we fall below the lower line of the triangle pattern which I think is very bullish for the technical...
According to Elliott wave counting, Bitcoin completed wave 3 at 20,000 and is creating correction wave 4 that can continue to 7800-9600 area which can anticipate a new rally will start in medium term from there in order to complete wave 5. Follow me, I will post 4H chart soon, in order to point where and when is the safest point to enter long. Join our Telegram...
As you see Ripple had a nice and huge bullish price action after 9 month accumulation phase. then after a deep pullback at 78.6%, forming an ABCD pattern is very possible. Targets are shown on the chart!
Potential ABCD Pattern for POEBTC. Buy IF it would retrace to 0.0000088 Target D1: 0.00002222
Price is heading towards to mentioned targets on chart. Target 1: 5600 Target 2: 7070