. EthereumClassic/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a...
Rules of Trinity Trade:
I buy when the price breaks and hold above the blue line.
I sell when the price breaks and hold below the red line.
Both scenarios should have a true breakout with at least 2-3 closed bars as a confirmation.
In neutral area (between blue and red) when signals are mixed - I give priority for the last signal....
Oh well what she doesn't know is I was sleeping with her sister... so the joke is on her really ;p
Anyway enough of my love life lets crack on with the trade.
As we can see BTC has been respecting a lovely trend line on this 4H timeframe and we are looking at it continue to do so in bullish manor up to our 10k target... And when we reach it you can all buy me a...
GBPJPY Daily time frame, 136.000 zone has been tapped off
We have some MACD convergence
Going to wait for daily closure, a hammer formation / dragonfly doji would be ideal to see for buy orders to kick in!
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
I previously marked up EURNZD with a bullish prospective ( i have attached the previous mark ups). Price recently broke out bullish after respecting support.
Price is currently moving bearish into what i would see as a retracement. So price has the potential to reach the support i have marked at the grey price line which is also our entry and move bullish again....
The situation with the DJI is now crazy! Some say the more times price approaches resistance the greater the chance of a breakout. Some say the opposite.
I've seen price fail to breakout after 9 hits on a support/resistance level (with other instruments). The DJI is now anybody's guess.