- Slipped below 55k - Divergence remains valid on MACD - This is simply profit-taking - not the negative driver - Waiting for the test of previous support levels shown on the chart - Enter the long-term low risk PLEASE SEE RELATED AND OTHER IDEAS FOR ANALYSIS
- Currently, price is testing left shoulder support if valid - Previous swing high to validate the level - Higher probability of upside potential - Wait for break and retest PLEASE SEE MY OTHER IDEAS AND RELATED BELOW
- Divergence on the MACD - Break of short to medium downtrend - Overriding uptrend - Bearish USD bias - Bullish GBP bias
- Price approaching support - Higher high on the breakout - Targets set above
- Current price action is at support near the 200EMA - 100% pullback on the previous leg/push - Recent divergence on the MACD waterline - Higher probability of upside movement to the upside - Price is still above the 200EMA PLEASE SEE MY RELATED IDEA FOR PREVIOUS ANALYSIS
- Breaks downtrend - Breaks resistance above in strong daily candle - Support below waiting PLEASE CHECK OUT MY RELATED AND OTHER IDEAS
The Pound index forming a bullish wedge on the daily chart after retesting support. Front running bulls have already entered low-risk trades tight on support but will the pattern hold? As a bull myself in the long-term, I am focused more on upside potential than downside; although downward moves are key to entering long. It may not happen now, but I am...
A weak Pound has seen a spike on the EG pair but is it short-term noise? - Hold for more price action at this level - Price may fake out before continuing long-term trend - Enter with a tight stop if a long wick forms
- Strong momentum - Previous legs down have been sharp - Similar corrective move
Holding for a long entry here as the price has broken out of a recent downtrend and has retraced to support. - Enter when conditions are met
Following the breakout trade we anticipated in the previous analysis, we now hold for new entry points as the price seems to be stalling over a new high. - Wait for the price to fall to support - Hold for confirmation - Enter when conditions have been met - Keep a tight SL with risk management PLEASE SEE MY RELATED IDEA
After seeing divergence on the daily chart, what can we expect from BITCOIN in the coming weeks? 61k remains the bullish target point at the all-time high as we currently struggle to break 58k. Is there a further dip coming? Surely not with such a huge backing from Elon.
Reasons for trade: - Price retesting resistance - Bearish bias - MACD cross going down - Moving averages above price - not in order yet
Very similar to AU, we are focused on a falling trendline that can give us confirmation of the upside. Bulls are poised to enter this trade when further confirmation can be seen. - Hold for break and retest - Buy LOW - Hold if the trade is a winner
Here we have seen AUD recover previous losses as the bulls are waiting to go higher. For me, I would like to see further confirmation past the falling trendline to complete the 3rd and final test. - Hold for a dip to break through resistance - Re-enter when price breaks highs and retests - Jam stops at 50+ or price action permitting - Scalp using MA strategy...
If the bulls are to take this market higher they will need to push through the waiting resistance level set by the previous highs and bearish falling trend as part of a long-term channel. - Hold for a break above resistance levels - Enter when price action confirms - Target 200EMA
Completing a double bottom in recent price action has alerted the bulls in this market. I continue to believe that 1765 is a key level for price to not only test but to break if the bulls are to reach the 2k levels of 2020. - Short term we see this going to 1765 with some momentum to the upside - MAs are looking good but again, further confirmation is needed for...
Technically price has strong momentum on the approach to resistance above. If broken, we will see the price continue to test previous structure highs before retracing for more upside strengths. Still planning this trade on a daily chart for now but on the 4h chart, more divergence can be seen for a break above this level so I am confident. Bulls are on alert for...