hi everyone! it seems as the breakthrough became stubborn at an earlier date, however a week has gone by and it seems after a period of a downtrend we have came to a double bottom which can indicate a reversal. I suppose now after a retracement coming back to the %50 fib area can we look further ahead? let me know your thoughts.
BINANCE:GALAUSDT GALA /USDT 30M Chart and my own position on gala make sure check all targets carefully
You checked the daily pattern, today is a uptrend day. On 30m & 5m chart, you draw out support & resistance levels. Current price is at the middle. You already have a good pattern price that has recenty formed a possible swing low. You checked the ATR levels at 1.25. You set the ATRSL (ATR + $1 SL, then the ATRTP (1 ATR). (Here you forgot to put the 2nd level...
#BTC is still running in an upper wedge in a 30 M time frame. BTC tried to break the 41800 zone but got rejected. We are still in bearish mode until BTC crosses 42200 and holds it properly. Breakage of lower trend line can bring BTC in 40K Zone again. Currently, 40600 is working as local support for BTC, and major support is still 40200, 39800 area.
For my first Tradingview idea, I took a look at the current GBPUSD chart and saw a very common pattern. If my calculations are correct, the next 16hrs, movement will continue bearish and for the daily timeframe, expect a bullish movement.
Merry Christmas all! Bullish Gartley with hidden divergence confluence appearing on the 30 minute charts of gold. Good luck to everyone trading gold!
Following the overall bias being a pullback towards $1.29 - 30. Had a solid push overnight and expect this to continue as long as we stay above the Weekly 61.8% (Blue Line) 1 - 3% Risk on this one
2 out of 3 gaps have filled in the same day, post earnings which uber beat. There is one gap left to fill and that gap is a bullish gap! Target $46.11 Resistance levels ($43.65/30m) lowest resistance ($44.61/30m) middle ($45.13/30m) highest resistance
Eurusd broke the trendline I drew , so it is in the pullback phase and you can use the fibbonacci levels to go up with the trend HAHA. Good luck
Classic bullish divergence on the 30m for this earnings call that is about to take place..
ENG+++ Also comment what you think about this :D Did you see rSHS?: YES / NO ? How long are you in stock? +++++
IDEA BASED ON 30M TIME FRAME USING THE SUPPORT AND RESISTANCE STRATEGY
Bias is bullish after price closed back above major support Look price to break intraday resistance for potential buys
Careful trading this in this range. There is no clear direction on the 4H. The only sensible trading idea I can see is to sell a lower high below 135.96