Hello to all, First AB=CD as shown with bold black lines has reached its target in the purple channel. Now it's the second AB=CD's turn. I shown it with the bold dark blue lines in the purple channel again. Stop loss if daily closes below 22.40 Good luck.
I think that BTCUSD is following the downtrend that I show between the red lines. You can maybe make some trades among them after BTC touches bottom line.
Hey, I was waiting for 2 green candles to trade BITCOIN after it touches the moving average and shows its own channel's lower limit just right there. So with today's candle close I think that I'll have enough excuses to expect a raise in the price. hmrtu
Hi, A technical analysis about GOLD price... If it will continue to fall or finally can make a breakout? I think we are going to know it anytime soon. I'll be on the bullish side if the price manages to break above the key level marked with the gray area (nearly 1750 USD). In that case I think prices will follow a path similar with the green bars pattern shown...
The trend lines that I follow for long term. I expect it will first retreat to the red line shown with black arrow.
The yellow trendlines show my forecast about USDTRY. I'm expecting a rise in USDTRY prices toward the upper yellow line.
In my opinion AUDUSD in buy zone that I show in the long term graphic. You can think bottom line of buy zone as stoploss.
For long term the trend lines that I follow. You can see below application of the trend lines on 1d graphic.
USDTRY is in a downtrend for approximately 1.5-2 months and now touched the bottom line. I expect a rise in dollar price till the top red line in short period.
BTC could not hold on within its uptrend lines and now creating a new trend which goes down (the red lines are indicating). If BTC can make support itself the 8300 fib. retracement level then it may be a chance to rise again.
I'm following its movements with the short range and long range trend lines.
You can follow Fibonacci Retracement lines or trend lines as an idea.
Short term resistance of the trend and support lines of a possible retracement.