Here is my idea. I'm waiting this 1H candel to finish and check first 20 min of Next candle to see if there are prerequisities. If not i presume GBPUSD will go reversla into bullish, making a new 4h HH even if one leg is not enough to declare a trend, but thats my idea. We are on 75% retrace of previous bearish leg and on a perfect round number plus a Supply...
Seems Honest formation on 4h Chart if no big news coming down in the next hours. Still some 40 pips to go and check the formation.
Waiting, just waiting for the next move. Rrend seems to point candles even lower, i would expect to see some rejection on the ema500 and even if the channel is broken up i wouldnt be surprised if it come back soon. This down channel is quite strong ATM and RSI has still rom to go. If we consider cycles we can't exlude this pow.
I was checking the BTC graph and noticed this interesting thing . Atm the Price is on Fibo extension of the main trend of 1.2 and the second ideal extensions is at 1.68 (top green dotted line) and i noticed that this point match almost with the possible bullish flag pattern top area. So this is just an idea but i'm pretty sure that if price doesnt get back to...
RSI has still room to go up so there is room for this pattern to get fired. Let's see and good luck.
Seems like BTC want to do another leg up and the bullish flag pattern seems to confirm it's previous move. Anyway we are on a triple top (hourly tf) and also the RSi on the weekly chart is in overbought zone so take athis in mind. It's also true that crypto does always like they want caring almost nothing about "indicators" in most of the case, so here i'm...
Bearish trend channel meet a very strong resistence level at the moment. This level almost cross perfectly with the top trend line so i would say it's a good sign of possible reversal. Also RSI on 4h tf is in averbought zone, not much to go up. I would enter at leves setted on the graph with Stops 30 pips max over the maximum of the resistence. Good luck and...
I dont believe the EUR bullish moment has finished yet, so i would like to point you in this setup,q uite easy. If EUR is able to brake the 61.8 and stop at 50.0 Fib level should be a confirmation of the retrace moment and should get full power to strike up. Give attention to RSI if in overbought zone and on 50 Fib wait for the RSi to exhaust, let the price make...
Here is my projection for this pair. The trend is clearly bearish, even if we had a double bottom but if the price cant get over the top trendline i would go for a put with levels setted like wrote in the chart. Happy trading and good luck
Eur Aud can make an huge move to the baseline. Ifbrake this congestion area we can see a big fall. Watchout Fibo levels to see if the price can pass that easily or maybe create a bearish flag. I opened 3 positions with Sl putted like indicated on chart. Risk ratio can be really good here. Letss see. Good luck and happy trade.
This can confirm also my previous idea shared some days ago. The double bottom seems to have confirmed the end of the bearish moment and the bullish has taken strenght. Rsi has margin to go UP and DOWN at the moment, it's in this consolidation Area. Technical on crypto is very funny btw, so take it with the fingers. I'll enter anyway if the 50 Fib level is...
I believe a lot in this crypto for the next future anyway, watching at the graph seems that it's in a bearish moment and if the consolidation area can be broken we should see a new leg down untill the level specified. Watchout the volume and dont believe at higer volumes.
Here is my projection of what can happen on Aud Jpy. It reached a strong price point and i think it wont go down much (checkout the incoming NEWS anyway) so here are 2 possible setup. 1St - Anticipate the pattern formation and CALL long untill the possible resistence Area (D point) 2nd - Wait the concretization of the pattern and enter as per rules. As always good luck.
Aud Jpy is on a good level that is also on the previous high of the last couple of hours. The trend tend to mark down so i may like the Fibo 50.0 as a good pivot level for a trend continuation. TP signed on the Graph. Good luck and happy trading.
You may take note about this pattern forming on TF 15. Seems a good ascending triangle pattern and i would like to wait for the brake of it. There is also a Tip for a 15min Binary Option entry on the graph. Let's see and wait. Good luck. P.S Place the Stop under the lowest swing inside the triangle area.
If braking the netline it's possible the bullish moment continue to be strong. I would enter for a long call with a SL few inch under the Min of the candle braking the netline. If on binary i would wait for the netline braking , and enter if the next candle doesnt pass the minimum of previous candle with a 30 min call.
As the title says, lateral crypto respect Bitcoin seems to have attracted investitors (bch, dash,ethereum) and here it seems a good brake of the bullish flag pattern. If the price retrace a bit (470 can be a good entry) and it should cause RSI show an overbought moment i would enter getting the TP @ 560.
This is an update of my previous btc chart, added 2 new pivot levels (fibonacci) related to the maintrend. Like told in the previous chart if it makes new lows respect the last daily candle we'll probably see it go bearish untill ... I personally dont think it can go under the 6k price and the 61.8 level seems to be the gas station .