DAY TRADE - EXPIRES AT 9PM
Trading within a Corrective Channel formation.
Bespoke resistance is located at 12300.
There is scope for mild buying at the open but gains should be limited.
Broken out of the Head and Shoulders formation to the downside.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
We look to Sell...
Symbol: Bitcoin vs usd, XBTUSD, BTCUSD
Bitcoin has just got support at 10350-10600 zone. The following days, it may consolidate to decide the direction.
There are some Trend Lines, Red Lines for Resistance, Green Lines For Support.
Short Signals: when it is rejected by Red Trend line with Yellow or Red Signal in "9 Seasons Rainbow Indicator".
Long Signals: ...
Entries for this trade are at these fibs level 38.20,61.80 and the 78.60 if it gets that high
stops are all set the 100 fib level: 110.828
Targets are all set to different fibs.
Question is where do you think it will turn or will it turn?
We are looking at Gold this afternoon which is looking setup for a move back towards 1440 area with multiple support levels coming into play.
As we have highlighted with our trading view chart we have two strands of an ascending support line from the 17th which has been tested on 3 occasions leading to higher lows pattern being formed. Off...
NZD reached area of short term resistance and exhibits oversold conditions therefore expecting some downside movement towards the 0.67-0.671 zone. Supported by strengthening of DXY (at time of writing) expecting upwards movement towards the 97.35 area where TL sits. However on the flip side should the pair move to the upside and clearly break through the 0.678...
EURJPY - Daily Time Frame
This could potentially be a nice set up for a long as daily support has been holding, and go back into the weekly market demand zone.
PA and daily candle closure will give a nice idea as to enter any buys.
Fib on the daily indicates a good run to the 61.8+ and to see whether the resistance level holds.
Overall trend is however...
. AirSwap/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a possibility...
Action: Buy at Market Price $11,172.5
Stop Loss: $10898.2
Take Profit: $11,721.1
Order valid: 36 hours from publication
Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and
is not related to the provision of advisory services regarding investment, tax,...