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Previouslows

JICPT| Structure Bullish setup on EURGBP(Daily & Weekly)Hello everyone. EURGBP has been down for the past few days and violated the control low. However, if it continues going down, I'll be interested in potential reversal bullish trade as below: 1. On the daily, the previous low might serve as a reversal zone. Set an alert and wait for the price action. 2. On the weekly, the zone of 0.8279-0.8371 looks pretty solid. price is likely to bounce back if the previous daily zone got penetrated. I'll watch how it move on 4H then. What do you think? Give me a like if you're with me.
Long
by JICPT
2
Previous Lows in Jeopardy for ETHSomeone requested ETHUSD... here is what I am seeing. As internal momentum for trend is measured with the ADX indicator, the latest price move to the upside was on falling momentum. This divergence should help bring selling interest along the bearish trend line that is being tested at the moment. A move back to the 61.8% level is imminent and the price should shove right through that and move back to the previous low (and most likely make a new low) The only thing to negate this call is for the price to breach the bearish trend line to the upside and then re-test that line as support with backed momentum for the change in trend. Otherwise, wait for lows! Any questions let me know.
BITFINEX:ETHUSDShort
by CryptoMarket360
4