Pls like if u find this idea helpful. Price is moving in a downtrend and right now its right between out zone and trend line. We can expect price will be droping from here.
U.S. Dollar Currency Index Analysis 29 October 2020 DXY is currently ranging between the 3 Month Level of Supply Above Current Price & 3 Month Level of Demand Below Current Price TVC:DXY
We are at the top of the long term bear market trend line. If we break this trend line I see #bitcoin rising quickly to the 12k area which has major resistance. I'm bullish right now considering the halving is 5 days away. If we can't hold in this area we should follow the yellow lines I drew. I still believe the bottom is in and we are finally in a #bullmarket !
1) Mini Head and shoulders pattern forming 2) Wait until the right shoulder is formed
1) Trendline break 2) HSD pattern forming Keep close eye on this guys and girls Good luck
PS. Buy in the blue line, sell in the red line. Pay attention to divergence. Gray arrow means a potential future trend.
This is going to be an amazing trade that could last a few days but we are in an amazing zone where the price dropped a few weeks ago and it seems to be rejecting that zone right now which is a great start and the indicators all line up to show that the drop will happen. 😊
After reaching supply area in few days ago(green area) , and breaking out upward daily trend now, downward channel is obvious in the daily and H4 chart My plan is to enter short position until channel floor . Good luck and be wealthy.
According our analysis with market structure appearances it may complete those three touches.
Breakout from triangle pattern on the EURCHF Chart. TP1: 1.0683 TP2: 1.0713 TP3: 1.0764 SL: 1.0590
That’s 2/2 for me. Predicted the pound would be strong this week and it was especially for FX:GBP/JPY. We’re just waiting for it to hit resistance up at 133.000. Then there may be a chance for a possible reversal. Let me know what you guys think.
As you can see Tesla has had 2 parabolic run ups in a short period of time. I'm a Bull on a macro level and believe Tesla will be one of the biggest companies in the world. The hype machine needs a healthy pull back in order to rise at a realistic price in the future.
- Price has broken through the resistance line at 76.305. Possible bullish price movement forecast for the next hours towards 76.600 and 77.300.
In the technical analysis of EURUSD, you can see that this pair is following the Bearish Trend and we have Support levels marked on it. those Support levels are pretty strong and very less likely to break but a break of that would take this pair to new lows, the first target would be around 1.08
So as I stated in my last publication hope for the best expect the worst and in this case we got the best!! That volume accumulation i posted toward the end of the publication (which was not originally there at the start of TA) which just goes to show you the volatility of such an exciting and growing market still in its infancy. Thanks to the 99% aka minnows we...