


NimaTaheri99
With Central Bank of New Zealand hiking rates,the direction of this pair is probably down. Let's see how the scenario plays out. Good Luck
Looks bearish to me No further explanation Good Luck
I am not saying it is going to go down,I am saying it is wise to be careful.The same thing happened before,BTC came down massively,THE same thing is happening right now.What will happen?
Let me know what you think about this analysis.
Let me know what you think about the analysis.
BEARISH CHANNEL+TRIGGER LINE BREAK+MOMENTUM TO THE DOWN SIDE
Descending Channel Break+Strong Bullish 4H CANDLE+Triangle Break
DAILY CANDLE STICK PATTERN+ 50% OF DOWN CANDLE ENTRY DONT FORGET TO MANAGE YOUR POSITION AFTER YOU REACH CERTAIN AMOUNT OF PROFIT.
PRICE HAS BROKEN BELOW AN OLD DAILY TREND LINE(DYNAMIC) AND RETRACED BACK TO IT FOR THE LAST COUPLE OF DAYS.NOW BASED ON THE PULLBACK TO STATIC SUPPORT LEVEL WHICH HAS TURNED INTO RESISTANCE LEVEL,WE CAN ASSUME that A CONTINUATION TO THE DOWNSIDE IS ABOUT TO HAPPEN. *WHAT APEARS ON THE CHART IS 1H DYNAMIC TRIGGER LINE.
From my point of view,lots of stops rest below the level so market maker might just hunt stops.looks pretty reasonable to me.