Greetings, Fellow Traders, Technicals and Chart Explanation Indicators Trendline: A trendline is a diagonal line connecting at least two price points, typically peaks or troughs, to determine the overall direction of a trend. In this case, the downward trendline suggests a prevailing bearish trend in USDJPY. Resistance: Resistance is a price level where...
On the monthly timeframe, the price got a rejection from the 0.5 Fibonacci level and on the weekly timeframe, the price created a higher low. the price is creating a falling wedge on the 4h timeframe and now the price is testing the daily dynamic support. how to approach? IF the price is going to have a breakout from the falling wedge and retest the 4h...
We are currently in a down trend pattern with BNB coin and we have now broke below my marked support line yesterday. Just remember guys that the trend is your friend. Please like and share your ideas with us below.
Closed under a long-term treadline. Thinking the next wave down is starting. 2 gaps to fill in the 2300 level.