As we can see, Gold is currently nearing the end of a tightening range which will most likely result in a large move either upwards or down. We recently saw a false break reaching all the way to the 2692 level before promptly returning back to the triangle. Should we happen to fall down from this triangle, i will be targeting the Fibonacci golden pocket at 2510...
After successfully falling through 105.7, we have seen a retest of the level followed by a rejection confirmed by price action on lower timeframes. Currently looking for further continuation before adding to my position. SL - 106.35 TP 1 - 102 TP 2 -99.2 RR - 2.5:1
The Euro is currently looking quite strong and A potential trade can be made with upside potential as we currently are experiencing a bounce after a short cooling off. - Successful break of weekly downtrend and the creation of the first higher high. - evident strength in the move shown from hourly to weekly time frames. - Successful bounce off of the 1.281...
As we can see in this chart, bitcoin is currently trading within a potential ascending wedge pattern with resistance at the $10,500 level. We are currently being held up perfectly by both the lower trend line but also the Fibonacci Golden Pocket. In the event that bitcoin can continue to gain strength over the next few days to weeks then it's quite likely that we...
Above is two of the possible scenarios that we could see play out over the next year for bitcoin. As of the publishing of this post, Bitcoin has taken on a firmly bearish tone falling to as low as $7300. However, with this move we have successfully filled the last remaining CME gap at $7695. With that, the CME chart has also produced one of the largest CME gaps to...