jorhl

jorhl

From the 4H chart we see how price managed to close above 0.6850 level, followed by retracement to my Long entry which was not quite achieved. I did not get to place a trade from the bottom but intraday pips are still there to be taken. PA remains bullish. I think its still safe to enter long trade for a quick 50pips trade towards fib extension 27% level at...

jorhl

I am expecting a strong bullback from the high made last week to retest the broken trendline at 1.8100 level. - Bearish closure last week on the daily chart - Today quite bearish market activity plus low volume - Potential MA crossover happening tomorrow High risk trade entred at 1.83545 Stop-loss: 1.84400 Take profit: 1.81015 Expecting the trade to play...

jorhl

After a 2 week consolidation and a breakout from 1295 resistance I noticed a long term trend line setup. Gold recently broke above a long term trend line, topped out at 1295 and had a retest on the broken trendline at 1277 level. If we see the monhtly candle close above 1307.0 monthly key level I believe there is more upside coming next month. First bullish...

jorhl

Daily MA crossover on the daily trendline breakout candle will signal a confirmation of a bullrun to 0.7050 (Daily resistance zone). You see how price broke above the monthly key level of 0.6850, then came back down to find support at 0.6700 level and had a huge bullish hammer formed after breaking below the daily support? This PA gives multiple sings of what the...

jorhl

Should we close the weekly candle above the green support area, we could take it as a confirmation of a potential bulls entering the game once again. Weekly close above highlighted support area is very bullish for me, definately on short term but we might even see the long term bullish action if we manage to break 0.335 resistance.

jorhl Updated 

Since hitting the low at 6200USD, bitcoin has been moving towards 6500USD level once again. In the long term I think this is just a slight upwards move before we correct below 6000 level again. At the moment I am targeting a long position from 61,8% fib. retracement level to 6500 USD as fib. 100% level. Since BTC rejected fib. 78,6% level I have been waiting on...

jorhl

Should we expect some downtrend from XRP in the region which is pointed out with arrow? Any feedback is welcome Cheers

jorhl Updated 

Here's an update on XRPUSD doing as we might have expected. Since the last post XRPUSD has been doing so far over 5% growth. Trendline towards new highs and lows keeping its path. Seeing the news on Ripple and Xrapid it is naive not agree with the experts who claim Ripple is going to pass Bitcoin on its way to be the #1 cryptocurrency. Beautiful formation of...

jorhl

What we can see from the XRP 1D chart is some more reversal patterns which can easily lead to 40-50% gain in the upcoming weeks. Keep yourself alert and do not panic sell! Market is clearly recovering from a very huge correction and going towards new higher highs and higher lows. NEW ATH on the way coming towards us! Cheers! !!! This is not a financial advice...