michaeldobfx

michaeldobfx

A pretty good ascending triangle forming clearly on the GBP/USD 1-hour chart which is applying strong bullish pressure on the $1.2845 - $1.285 resistance level (white horizontal line). - After failing multiple times to pass the $1.275 support line (red horizontal line), the cable is now gradually proceeding towards the $1.2845 - $1.285 resistance level. - Price...

michaeldobfx

- Good opportunity to make a quick short-term long trade on the GBP/USD here with a double bottom (more or less) formed on the 15-min chart - If all goes to plan, then the price could deflect entirely off the $1.286 - $1.285 support levels (thick double red horizontal lines), and send the pair beyond $1.29 (green horizontal resistance line) to reach the next...

michaeldobfx

Descending triangle on the GBP/USD: - Price keeps bouncing off $1.29 support level (red horizontal line) - 1-hour chart clearly shows a perfect example of a descending triangle, getting narrower between the upper downwards trend line and the major $1.29 support level - Given a situation where Brexit trade talks fail and tensions rise even more between London and...

michaeldobfx Updated 

Look closely at BTC/USD on the daily chart and you'll see Bitcoin seems to have entered a downtrend channel. If it keeps going like this, I would say the next price target would be around $11,500/$11,000, although don't count me on this. I have family/friends with BTC holdings so despite being personally against it, this analysis is nowhere near biased. Please do...