K BUT hear me outI dont think its going to happen.
But could you imagine we fake out this triangle and just trade sideways
casually drew two levels then pumped and came back down?
again i dont think its gonna happen but this pint says anything happens in crypto
Maybe we'll argue for a bit. we're already pretty low priced and feds just cut so
Sideways
EURGBP Future ForecastENGLISH :
More than 3 years this pair has been in a sideways. The major trend since the pair was launched in the form of graph analysis is upward trend. I believe, based on my understanding of chart analysis, this pair will head towards its main uptrend resistance line. If not, then I'm wrong, or the market movement doesn't want to fit my analysis.
INDONESIA :
Lebih dari 3 tahun pair ini berada dalam sideways. Trend mayor sejak pair ini diluncurkan dalam bentuk analisa grafik adalah tren naik. Saya meyakini, berdasarkan pemahaman saya terhadap analisa grafik, pair ini akan menuju garis resisten uptrend utamanya.
EURGBP - Next Movement!See my previous analysis on March 9, titled " EURGBP Future Forecast " on the linked link below. Price movements are almost the same as the previous analysis.
In this week Euro strengthened uncontrollably, without correction (red candle) on the daily timeframe. My estimation is still the same that Euro would continue rising till the point of Fibo 1 or even more. But before moving back up, there should be a correction, as well as the RSI is already in the overbought zone. My estimate, the maximum correction to the point fibo 0.5.
GBPUSD-Weekly Market Analysis-Feb20,Wk4A bearish shark pattern on a sideway trade setup on this timeframe appears once more. The bearish shark's setup completion point was at the resistance at X of its pattern, and the D point for the previous ABCD pattern may contribute to the additional downward pressure if the pattern completes.
GBPUSD: moving sideways, possible trade scenarioCable strengthened last week even though Sajid Javid, the Chancellor of the Exchequer, resigned...
..since the beginning of this year GBPUSD was moving sideways with the highest price around 1.321 and lowest around 1.287.
Last week it broke above 1.30 again and it seems like it was a false breakdown below 1.2945.
I will wait for a pullback to 1.299-1.2945 price zone for joining bulls with t/p target around 1.312 (R:R at least 2.85).
Today is Holiday in USA, so the liquidity might be low.
Keep in mind that this idea might be realized in several days and opening long position in GBPUSD results negative swap.
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EOS/BTC update.Hello Traders
Today i am gonna be doing a quick update in EOS/BTC who is following exactly our trade points from last week.
The price rejected the long term resistance line, and already made an pull back to these important support level and founded buying orders.
Nothing more to do now! A long entry only above the Resistance line and short position if the price goes bellow this important support level. We can expect sideways moviment from now.
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Trade Ideas Analysis: NZDJPY SidewaysA sideway bounce set up for a perfect shorting opportunity. This will not just be a trend trading trade for me but also a trend-following trade.
Trade has engaged and if you really want to get into our community, check out the link(3) on my signature below.
Don't miss this great trading idea.
UTX Breaks to the UpsideAfter a month of sideways action, UTX broke to the upside to resume an uptrend. UTX candlesticks lengthened just prior to the run up.
GBPUSD-Weekly Market Analysis-Feb20,Wk2An ABCD pattern setup as a countertrend trade within the buy zone on a sideway setup. Well, simply means, target extension is not highly recommended but if you like to do slight target extension on the second target, it is possible, you just have to watch closely on how it reacts on the original target.
You can also simply look at my trade ideas on signature link(3). Don't miss the next setup like you did when I've shared last week setup, 210pips of total profits gain in a single trading ideas. Wooot
SPLK Shifting SidewaysSPLK is shifting to a trading range pattern as it enters a new all time high level. SPLK gapped and ran up strongly out of a mid-trend short-term bottom.
GBPJPY: moving sideways, possible scenarioGBPJPY moving sideways since December last year, joining bulls from around 142.6 price level with 142.1 stop and 144.1 take-profit provides decent R:R (3:1).
Keep in mind that this idea might be realized in several days and opening long position in GBPJPY results positive swap.
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Feel free to share your opinion/position via comment and follow me to stay updated.
Trade Ideas Analysis: EURUSD S&REURUSD is entering a sideway bounce or to some, it is a rectangle formation. Either way, the market will get out form the consolidation in either way. Breaking and close above the resistance or below the support.
It does provide the countertrend trader with a great Reward: Risk if trader considers to Long the market.
Do your own analysis on this and to receive the levels I'm looking at, check out the link on my signature(3).
RBL - waiting for direction
RBL bank , one time hot favorite for the investors reminds me of the phrase rags to riches.
I have enlisted the various years in which the trend lines have been very helpful to ensure wise money management by fulfilling one of the 2 investment rationales
1. Buy Low, sell high (knowing the various trend lines helps to know where a low could be and where a potential high could be)
2. Cut your losses if the trend has changed and be wise to relook at your strategy. They don’t say for nothing that Cash is King
In the year 2020, price has largely moved within the price range of 310 to 390
A close above 2019 resistance line of 413.90 may give us some sign of potential change in current trend which seems to be sideways.
Will be posting more notes on this in a later chart too
Keep looking for more.
Please share a thumbs up if you like what you see and you could also share your comments in the section below
Trade Ideas Educator: USDCAD GartleyA bullish Gartley is waiting for a complete setup. The aggressive trader can wait for a double bottom on the 1-hourly chart for a buying opportunity, the conservative trader could wait for the confirmation of the Potential Reversal Zone(PRZ) for a buying opportunity.
The overall trend is moving towards a sideway market.
EURUSD-Weekly Market Analysis-Dec19,Wk4The daily chart on EURUSD is a bearish trend but on the 4-hourly it is a sideway market.
A bearish shark setup has trigger driving the movement past the 5-0 pattern. At this moment, I'm waiting for a double top on the 1-hourly timeframe with an RSI Divergence to engage a 5-0 buying opportunity.
Check the link on my signature to access all my trade ideas.
Trade Ideas Position: EURUSD BatA bearish bat forms up within the supply zone I was waiting to engage after a retest of a double top, sweeten the deal.
What's better, this setup is within the supply zone of a bigger bearish bat pattern(that displayed a warning sign) on the 4-hourly timeframe(link can be found below).
Trade Ideas Position: AUDUSD SharkRested on the daily chart major resistance, the bearish shark pattern has formed and shared the same level as the deep gartley setup within the same timeframe.
Will be trading as a shark pattern as this is spotted before the gartley. Pending order set for this countertrend setup.
EURUSD-Weekly Market Analysis-Dec19,Wk2The bullish bat pattern is still valid, if the market head down and retest the entry price, I will engage a long trade after candle confirmation.
If the market extends upwards, I will short it. reason being, on the higher timeframe, is shows consolidation and either side of the market expansion is possible, that is because my trading style having the 1st target reach, I will shift stops to entry and keep the winner, therefore event market didn't expand, I'm ok with it too.
Because once market reaches the 1st target I will have no downside, only upside.