BNBUSDT seems to have broken the ABCDE corrective pattern and is looking for a leg up. First and second targets are shown in the chart. A good stop is below 31 for this setup to invalidate. A good RR setup. Hope it helps. A BNBUSDT daily view is shown in the previous post. Link is below.
🔸4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Trendline. . 🔸We can observe that this pair has been moving on a range for the last months, but now we can see a clear structure broken to the downside. . 🔸 The first bearish target of this move is the Support Zone at 104.300. 🔸DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Trendline. . 🔸We can observe that this pair has been moving on a range for the last months, but now we can see a clear structure broken to the downside. . 🔸 The first bearish target of this move is the Support Zone at 68.300. 🔸 DAILY CHART EXPLANATION:
Hello traders, if you like these posts please like and share. Looking for buys. Goodluck traders. Trade with wisdom.
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Hello traders, if you agree with the post please give it a like. If you disagree please provide what is wrong in the comments. Thanks!
Hello traders, if you agree with this chart please give it a like. If you disagree please provide feedback on the post. Thanks!
Ripple - Intraday - We look to Buy a break of $0.26 0.2600 continues to hold back the bears. The RSI is trending higher. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 0.2600 which will confirm the bullish sentiment. Remains bullish while above last week’s low. A break of 0.2600 is needed to confirm follow...
Fundamental: U.S. crude oil inventories were seen falling last week, while distillate supply likely declined for a fourth week, a preliminary Reuters poll showed. Meanwhile, OPEC Cuts 2021 Oil Demand Forecast Again as Virus Cases Rise World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding...
🔸"GBP/AUD Bullish View" 4H Chart: . . 🔸Price bounced at the Support Zone. . 🔸It has broken the Descending Trendline. . 🔸We can observe that it has been consolidating on a range for some weeks since the breakout. We are waiting for an upside move to confirm the bullish move. . 🔸 Will look for a lower timeframe bullish setup. 🔸DAILY CHART ANALYSIS:
🔸4H CHART EXPLANATION: . . 🔸Yesterday we posted an Idea on this pair talking about the two potential scenarios that we were analyzing. . 🔸As we can see, it is breaking the Support Zone, so, we are considering the bearish scenario right now. . 🔸What we are waiting is for a clear consolidation below this zone (corrective structure) to get involved on this pair. . 🔸...
GER30 - Intraday - We look to Buy at 13027 (stop at 12946) The RSI is trending higher. Trend line support is located at 13030. We look for gains to be extended today. 20-hour EMA is at 13050. A lower correction was expected. Our profit targets will be 13264 and 13318 Resistance: 13160 / 13220 / 13300 Support: 13130 / 13070 / 13000 Signal Centre
🔸4H CHART EXPLANATION: . . 🔸Price broke the Major structure after bouncing at the Support Zone, and then did a corrective structure. . 🔸As we can see, it did not break the structure to the upside, so, our bullish view was cancelled. . 🔸Now, we are waiting for a breakout of the Support Zone before considering a bearish position on this pair. . 🔸 Will look for a...
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone and broke the Ascending Trendline. . 🔸As we can see, now it is making a corrective structure. . 🔸In case of a bearish breakout, the first target is the Support Zone . . 🔸 Although we have a bearish view on this pair, we also have analyzed a bullish scenario in case price breaks the Resistance...
Hello traders, I am thinking that GBPJPY will go up to Resistance Price 137.867 and pullback downwards. I have three possible take profits on the chart. If you agree please give this post a like. Thank you!
Bullish. Hello traders, if you agree please give this post a like.