Blue stripes representing GAP on daily chart Green stripes are representing GAP on weekly chart Circle in the left upper corner we can see irregular H&S formation plus 200 ema rejection Another circle in the left upper corner is the place where pair has very hard time to go above weekly GAP and after rejection going south right now pair is trading in weekly...
I'm bullish on BTC, but believe we will see further correction to the 12-11K range (possible lower) before retesting 18K and above areas. On the 3HR chart and below, price action has moved below the 200 EMAs signaling to me downward pressure. If we break 14-13.5K area and get a close on the 4HR or daily, that should signal another leg down. I'll be...
Looks like price retraced back to strong resistance, 200 EMA playing on that as well. Price seems to be trapped so I am waiting on a close below the red rectangle & possible retest to visit its recent low. Potentially break that level & touch its daily uptrend line. Price is making lower highs & lower lows at this time.. Trade with care!
Let me explain first what I draw on the chart: bold green line represents 50% of the very long bearish candle and it is always treated ans the strong support/resistance arrows pointing down are showing double top 200EMA bold black line is guarding value appreciation very well and it created very strong resistance level which may in near future set pair in...
Psychological barrier 100k is rejecting further attempts to go below this level. It created solid support in this area. 200 EMA from daily chart nicely pushing pair higher. I suspect that that pair will make strong move towards north in near future.
Nzdusd has rejected from 200 EMA on H4 time frame. This zone will be strong resistance for this pair in future. Now this pair is staying below near term resistance at 0.6970. Below this level, we can look for sell and target will be 0.6900 area as pointed on the chart.
Rationale for taking a short trade on GBP/USD - down trend (lower highs and lower lows) - price pulled back into a previous level at 1.5500 and 200 ema, and closed below both thus encountering resistance - an inside bar formed just below this level of resistance - in its pull back, price also found trend line resistance (4th retest) and closed below - oscillator...
Taking a long position based on: - bullish/reversal bar - support at ~ 3040, a weekly level; - 200 ema rejection - Fibonacci cluser: -- 0.382 Fibonacci level rejection and close above on weekly time frame -- 50% retracement and close above (2nd swing low to recent high) entry - above high of reversal bar stop loss - below low of reversal bar target -...