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Long Position: Euro/Canadian Dollar is leading by demand!!!In this technical analysis. I want to make a explain why Euro/Canadian Dollar is goes to up!!! So guys, as today we see a good short positon in EUR/AUD, so I ignore my short positon for believe more in H1, so as learningedge, I learn that the H4 timeframe, each group candlestick is a key to look what the trend make, specially in Daily when is talking o pull back or reverse of the trend. That is my habilities that I have, but working little more for me. Now, lookin in H1 we see that Euro/Canadian Dollar is leading by demand or bulls. There's not any short positon signal for this par, just that Euro/Canadian Dollar is into this supply and demand strategy. We see in H4 timeframe that the trend is beocme bullish, and RSI is above of 50, that turn what EUR/CAD is strenghten and the trend is a key to follow bought. Now, in Daily the trend is the most important, becuase we see that EUR/CAD can to continue up more toward this yellos supply zone. And maybe in the red zone, that is weekly zone, but also if you notice that EUR/CAD could formed a possible armonic pattern bearish, but in each case, is the trend change, we could see it. Good luck of this long position.
Long
by harisonhbn9718
BTCUSDT - Bad News, but Bitcoin stays strong? Big move ahead?BTC had a weird week. I know how you feel BTC. I know how you feel... Before I go further, I'm sure you all heard the news today that shook the markets around the world... That's right - John Mcafee was arrested in Spain! How will the world ever recover?? I jest of course, somewhat, Mcafee did indeed get arrested but I would imagine only he would attribute todays market movement to that. Indeed, the true reason seems to be the that stimulus talks were thrown out the window in the states. Is Trump holding the markets hostage to seal his reelection? Do I like conspiracy theories?? Who knows. Anyway, we're currently sitting right on fib .786, in what's looking like a consolidation triangle. With us being right at the tippy tip. Consolidation is a lack of volatility, or a settling of price movement if you will. When BTC does it's weird jumps, they almost always hit after low volatility. I've marked these points of lower volatility, notice they all correspond to big jumps in either direction right after. That means we might see a move soon. We saw the markets across the bored continue their descent today, bitcoin kind of stalled out right at the lower level of this triangle. Maybe down isn't the direction it's going? Indicators: MACD has a shrinking bull deviation and is on an upwards trajectory. Stoch Strong, but not yet in overbought. momentary bear cross without much price movement yet. EMA Right on EMA 100 right now as support. Volatility has been declining. This has been a big indicator for a sudden move coming in the past. OVERALL Honestly, I was surprised by the support BTC had during todays dump. While previously surging alt coin market shedded gains across the board, BTC stayed strong above 10500. Given we look to be at the tip of the spear, best best is to see which way it plays out. We're still in a bad spot for buying in, no real confirmations of movement in either direction. Although the lack of downward movement is promising, as we all hopefully know, absence of evidence is not evidence of absence . Potential landing points are marked on the chart. A big move is coming, trends say up if this lower end of the ascending channel holds. -- "I have never seen a greater monster or miracle than myself." -Michel de Montaigne -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
by cryptosince1963
BTCUSD Learning to understand the support line (educatio inside)Let's start with a theory for a better understanding of graphs. Support is an area on a chart that price has dropped to but struggled to break below, but than subsequently ‘bounces’ sharply from this level. In theory, support is the price level at which demand (buying power) is strong enough to prevent the price from declining further. The rationale is that, as the price gets closer and closer to support, and becomes cheaper in the process, buyers see a better deal, and are more likely to buy. Sellers become less likely to sell, since they are getting a worse deal. In that scenario, demand (buyers) will overcome supply (sellers) and that will prohibit price from falling below support. It is also possible to take into account the direction of the trend in attention - in this case it is upward. Consequently - a high probability of price increases. ❗REMEMBER: Even when all factors indicate a price increase or decline, everything can happen the other way around. Therefore, when trading, you should always consider RISK MANAGEMENT - install SL! Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻
BITSTAMP:BTCUSDLong
by Lingrid
26
EURUSD, uncertain growth continues. Targets 1.1303, 1.1330.Hi, friends. I never write in active phase of trend but today situation with eurusd promotes. So we have uncertain growth on 30K contracts opened for sell by upper price. X-Lines show two basic targets 1.1303 and 1.1330. From everyone of those two we can go down again in new accumulation process. Levels thanks X-Lines script (use it for free - link below). I will update this idea so follow it. Waiting your likes.
Long
by JinFlark
1