GBP/USD, Potential sell and buy using support and resistance
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This is an analysis based on Support and resistance along with upward trend line.
At first, if the price movement should break the S2 below, you can go for a potential short!
Otherwise, if the price movement couldn't break through S2, you can go long after confirmation of the trend analysis.
Don't forget to share your opinions too in the comment section!
Uptrend-buy
ANALYSIS ON GBPUSDHello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the pair GBPUSD is completely in a strong upside move. It may break its Resistance. As of now, its in consolidation. Wait for the breakout.
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Ryan.R..Lopes
13K in february?Based on my analysis, bitcoin has a future. Yes! Keep you eyes on February 2020. 13200 USD is really feasible, because I'm seeing what I'm calling candle calls on this week chart. And there are a lot : 4 bullish candle calls. That's incredible to see so much of them now.
But be aware that there can be a strong possibility for the price to retrace to 6000 before reaching +13K. 6000 USD will be the floor from where a big jump may occur. In that case, it will be a 2.2X price up move (+120% gain). but let's hope not. I hope we already hit the bottom.
Another thing to watch is the USDT supply, it we see a significant increase on it, then it will tell people are preparing to buy many, and will be a real start for the up move to 13200 USD target.
Above that target (13.2K) I cannot figure out yet what may happen.
In my previous idea, I told the price will move down to 6500 max, let's hope it's that bottom and won't go there anymore.
I will not trash my bitcoins out, I'm convinced of a bright future in 2020. I'm not afraid of a 6K down move. I HODL.
Don't take my word for granted. Do your analysis, analyze again, then trade at your own risks.
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Thank you
Forming downtrend to 9650IT seems we have the beginning of a downtrend, which is confirmed on my Daily chart
but it should be a fake downtrend.
it won't be a Bear rally, but a correction to "rebound up" , because bulls are still in control on the long run.
So price should comeback to a bullish mode after that correction, and price should still keep on moving over 11K (let's hope)
DAX30 (DEU30) 4-HOUR TIMEFRAME LONGThe price is currently moving in a classic uptrend, forming a series of higher highs and higher lows. The trendline is acting as a dynamic support and resistance, reeminiscent of most indices. All timeframes from the daily to the hourly clearly show a defined uptrend. You know what they say in Latin, "Villi eme vende care". If you did not understand me, don't despair. It simply means, "Buy low and sell high!" That is what we will do in this case. The specifics of this trade are as follows:
Stop Loss: 11 800
Target: Between 12 400 and 12600