On daily and hourly Charts, GBPJPY has been testing a strong support for few days already.
RSI and MACD shows oversold conditions, inducing probable bullish behavior.
My advice will then be to wait for the upward crossing of the MACD, an a value of RSI closer than 50 to go long (Safe approach) or after the upper pattern starts, to go long (more risky)
You can...
On the daily chart , EURCAD 0.60% showed a strong support (Blue) and resistance (Yellow).
Additionally the Elliot wave pattern partially forrmed reaching the B pattern. The C pattern need to be formed.
According to the elliot wave theory, going long on EURCAD 0.60% could lead to some pips.
I will still nevertheless suggest to wait the RSI confirmation....
BITFINEX:ETHUSD
After ETH bull run from April to march, there is a little retracement (A). At the end of this retracement , ETH will continue is rise according to the Elliot waves theory.
In fact when looking closely to the Daily ETH/USD chart, we see that ETH it's following the Elliot waves patterns smoothly for a few months already.
On the other hand,...
