USDEUR
USDEUR short opportunity of breakout USDEUR has been in a clear bear market since Nov 2017 with obvious bearish pattern formations. We have now seen it breakout out of consolidation above the 200 EMA, but it doesn't look like the hope will last. We are coming up to resistance at the previous H&S neckline and shoulder levels. It looks to me like there is a short opportunity with targets at the H&S neckline and consolidation zone.
Dollar trying real hard to break out for some upsideDollar is really trying to stay upfloat and breakout it's resistance zone (The blue line). It may well happen for a while, since on the weekly charts it's oversold, and still has room to go on the daily. But at the end of the day I have little doubt that the bigger trend remains bearish.
LONG Ethos/Bitquence $BQXBTC $BQXUSDHolding fib level + supportline + looks like it's forming a bullflag + universal wallet coming 31th. Sell the news or go long ;)
If bitcoin drops it will fail probably so watch it closely
On the USD chart it also looks good, holing the supportline + 200dma is just below it's current price which it holds
but the USD chart still shows a downtrend on the 1d chart, watch if it breaks trough it:
Use a tight stoploss (just below 35k, like 34900 sats)
USD/EURFX_IDC:USDEUR
USD has been falling for weeks now and I will probably test supports.
There are 3 possible scenarios here that can experience.
1. is to test the intermediate downtrend and breakout to bounce off the second trend.
2. turn around and test the first upper trend.
3. Fall to the before resistance now acting as a possible support. (green channel)
I am by no means a professional advisor but just an enthusiastic trader that loves red and green. This is not to give a financial advice but just to provide my educated opinion.
Sell .9650