Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The EUR/USD pair ended up closing the day in the negative territory Despite the good trading action on Monday and seems to have gone into a consolidation phase around...
Here is what I am looking at for the potential bull case for Bitcoin in this volatile market. There is a Cup and Handle Pattern developing on ticker BTC.D aka Bitcoin Dominance. This tracks how strong Bitcoin is against all alt coins. If this breaks to the upside past the neckline, we could see a 13% pump to the upside against altcoins. This in turn could also...
Interesting confluence here as I've noticed that the 4hr chart has a bearflag with a long enough pole that the exact drop target would be almost identical to where the weekly charts 200ma is currently residing in the lower 3.2ks. We all know the weekly 200ma provided the ultimate support for out last big bounce around this region...and it also has a high...
I found CTSH to have an incline wedge pattern. Significant of a bearish pattern and correlated with the DJI+SPX+NASDAQ. Incline wedge have had good indicators of a large bearish move. Wait for stock to break out of wedge + break support.
1) First of all we saw a break to the upside and retested the downtrend trendline, meanwhile respecting the CTL. 2) Breaking the CTL we retested the back of the downtrend trendline (2i) 3) We have since pulled back into previous structure which happens to be a 61.8% fib level and the back of the CTL. We have also formed a nice rejection candle which could be the...
EURUSD has potentially completed the wave 5 of the Flat correction on the higher degree time frame which is Wave IV correction. What this means is that the down trend resumes for the EURUSD and would break the previous lows. USDOLLAR Index is also showing the same chart patterns of Expanded Flat correction giving confirmations. One can go short on this pair with...
GBP/USD Pair is looking bearish. That's why I still looking for short postion in this pair. 1.4980 - 1.5010 zone is behaive lika a strong resistance for this pair and 1.4850-1.4840 zone is behaive like as strong support for this pair. If break this pair I hope our next target is 1.4698 level, 1.46330 level and 1.44890 level. I hope this pair touch those level. We...
Eur/Jpy pair found nice triangle and in H4 and D1 timeframe 50, 100 and 200 EMA is above the market price which indicate this market is still downward mode. That's why I think, this pair triangle may be break in downward mode. So, we can look for short postion in this pair. So, keep eye's on this pair and don't forget to press like button. Happy Trading !!!