Looks like the long term resistance is broken and its only a matter of time that we start seeing the target prices. I suspect eventually we shall see 1.5900 area. This is long term and I see it as bullish now. Therefore I would be trading the short term, ignoring shorts and looking for nothing but long entries.
Simple idea. Looks very promising. Im thinking we will very likely stay in formation on this one. I see a divergence in the RVI. Could be preparing for a nice new spike.
Basic analysis, I believe we will stay with pattern and follow the blue path. If we do break up the green path it is. if we end up breaking down from the pattern, red path it is. Easy to make money here. Lots of obvious behaviour. Dont miss out, this is a long term analysis. This means short term trades can easily be placed within the short term trend.
FX:EURAUD Price has recently hit a long standing support that appears to hold strong. A wedge has formed and it seems we are breaking up. I can see that the RVI has long made its break which helps me have trust in this break. Im thinking for a while we will go bull and im seeing a few easy targets. 1.59500 is a good mid term target but I suspect we will see a fair...
Looks like we will be seeing support in the coming weeks.
USDCAD appears to be breaking support and I am also getting some key indications from the indicators. A short here is viable and the tp1 area is 1.3000 tp2 is 1.2930. We can visit again if price makes it there to reanalyze. Good luck!
Looks like gold is filling its form on the weekly term and continuing with its wedge pattern. Rvgi shows some great potential for the bull side so be ready cause when this main wedge breaks its gonna be awesome! Its a lot to explain with the RVGI but its poised to be in a position of great potential. If you just have to know more about it, leave a comment and ask,...
Looking at DAX I see some troubled times brewing. There is some major signs of a reversal, correction, or plain old drop. what ever you want to call it, the moment may be upon us. We are nearing support in a bullish trend and normally a continuation is what would be expected. However, There is huge long term divergence and wedge in the RVGI. This is a very strong...
TRX is wedged up in a pennant and giving the next opportunity to hop in on the bull run. This is all leading up to next week when they do their net test and coin burn on the same day. This is a great opportunity, you dont want to miss it! Some people say it could hit 50 cents, others feel it could reach as high as $1. Either way, the pennant looks ready to pop out...
It appears LTC litecoin has broken resistance and is holding key support. I suspect we will be going up from here. This is ready for a direct buy right now. Take profit area 1 will be the resistance area. At which point a pending order above the wedge could be placed to catch if it breaks. I think overall we are heading to 400, but the breaks must be made before...
BTC bitcoin is behaving as usual, nothing surprising. Looking at how it moves when it breaks a resistance we can clearly see today is no different. A pending order on the break of resistance would be great. You could buy down at support as well but that maybe a little more risky. Watch for a good price action rejection sign if you do. Good luck!
Watching silver for a break up. it was in a wedge then broke now wedge again higher up on the bull side. Very similar to cryptos that spike. This can be a game changer and can easily change your life! watch for the bull break particularly. Pending orders will work well here.
Lets go deeper with this analysis for gold D1 time frame. Looking back we recently broke support and dropped to the first 38% fibo target. This fibo appears to have failed to hold and price started to make its way down to the next resistance line which only has two bounces. Naturally we will likely see a third. The price action shows absolutely no indication...
FX:GBPNZD Has recently broken up past resistance. This confirms a continued bull run. I suspect we shall see the 2.00000 area which is the next fibo resistance area.
OANDA:USDJPY has dropped down and landed on support. I wait to see if the support holds or if we will break down right here. A pending order below the support area is a good idea here.