Qwertyuiop18

Qwertyuiop18

Tested Monthly Support Zone. 60k Target 3-5 months

Qwertyuiop18

Just an update. Long trade with good R:R

Qwertyuiop18

We can see currently that ascending triangle is in place, looking at the impulse and correction buyers are in control right now price may potentially breaks the structure and go higher with the bulls, bears might come in after since the daily is trending down. 1 hr chart is in an up-trend 4 hr chart sideways Daily chart is on a down-trend

Qwertyuiop18

Entry: 1.50251 SL: 1.50005 TP: 1.50471

Qwertyuiop18 Updated 

1. Previous structure support becomes Resistance 2. Bounce off Simple Moving Average 200 and 20 3. Bearish Engulfing Candle Trade Confirmation

Qwertyuiop18 Updated 

Previously we can see that price had been trending down in a channel for quite sometime, recently price broken out the Falling Wedge Pattern, now we see it pulling back to the previous structure where it break from. Both SMA 20,50 points up indicating up trend although not 100% certain but it based on my own strategy and I look to buy. Reason to enter buy, with...

Qwertyuiop18 Updated 

4 Probabilities - 1. All 3 SMAs (20, 50 & 200) pointing up nicely 2. Fib Retracement of 61.8% 3. Market broke previous Resistance levels now becomes support level 4. Price pull backs into 20sma

Qwertyuiop18 Updated 

The next following year Price might push higher to complete the 5th wave, result in a double top or even higher.

Qwertyuiop18

Market has turned into a down-trend follow by bearish flag pattern, expected to see a breakout soon :)