CANDLESTICK ACTION SEEMS LIKE IMP. PLAYERS ABSORBING SHORTS (INCREASING VOLUME+ DOUBLE HAMMER) HAS BEEN WONDERING AROUND IN LEVELS GOOD RR!!!
LONG TIME TRENDLINES IN PLAY LOW OF YEAR IN PLAY CORRECTION WITH NORMAL TO LOW VOLUME GOOD RR: 3.5+
HAS BEEN DOING SIMILAR THINGS WHEN RESPECTING THE 65 EMA
PROBABLE TURNAROUND FOR THE POUND? MAKES SENSE TO ME. IF RETESTS SUCCESSFULLY 1.3250s Level it could bounce gradually to 1.39-1.40 where it broke support previously. Shorts could start selling and impulse it upward. play the waiting game. good risk reward trade.
PATTERN OF CLOSES BEFORE EACH FALL.... PROBABLE FALL WITH LOW RISK.
There is a clear pattern of candles before each fall...
Long. Possible Squeeze of short that enter trade when support "broke" and now are traped. Bitcoin bullmarket correction. Nice hanging man in daily chart
GOOD RISK REWARD: BREAKING TREND GOOD FINANCIALS. SMALL FLOAT BOUNCING FROM FORMER SUPPORT IN THE MONTHLY CHART.*
Spikes and crashes....Spikes and crashes....Spikes and crashes....Spikes and crashes....Spikes and crashes....Spikes and crashes....Spikes and crashes....Spikes and crashes.... Low risk short with stop above recent spike.
Last times WR% was oversold were good purchase opportunities. Steep decline may cause rebound if losses downward strenght.
Downtrend past 2 days. Will retest previous support and probably gain momentum downwards as it fails to break above. Conservative: blue line Normal: Yellow line Aggressive: Below Yellow line with moving stoploss
Did HH and HL, but then HH and LL, showed weakness and trend for past hours has been downwards. Once it breaks support (probably in the morning), first target is slightly above 16.70, depending on the strenght, could go lower to 16.65+-
Trend Breakout may happen. Target previous important level.