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Last post: May 15th. See chart.
Review: We were waiting on price to confirm a breakout by the end of the trading day.
Update: The breakout was confirmed. Price is now suggesting another breakout in the form of another bull flag.
Conclusion: A confirmed bull flag will strongly suggest a continuation of the bull trend and offer another long entry point.
We last posted on the GBPSEK on April 15th when price had closed above the round number 12.0000 which was then confirmed as support.
What followed was classic price action movement which is often a battle between the bulls and the bears at these key levels. We can see that the bears came in strong in the form of a pullback to the pivot support level of April ...
We last posted on the EURSEK on April 20th when price had broken above followed by a pull back to the drawn-in pivot support level.
This pivot level so far has held strong and we are seeing strength to the upside. We want to see the momentum to the upside continue and take price through and close above the pivot high of April and ideally in the form of a bullish ...
I'm just learning TA, so I post these more to see how my ideas play out than inform anybody else's thinking. Please tell me if this sounds like a load of misinformed BS.
Looking for the next leg up to land in the €560-€570 range.
It all seems to currently be coming back to that magic number of 1.618 - the One line of this fib retrace is drawn from the support ...
The GBPSEK is one of the better looking GBP currencies with price trending well and currently going through a mini breather as opposed to a deep pullback such as the GBPCAD.
Last month in March, price broke out of a period of consolidation that went back to December of last year and has since been trending very nicely. The emerging trend structure has so far ...
Open minded on this one but i can see 10% either side
Another long term log chart, this time it's ETH - which, like BTC, is mostly a continuation pattern of bull flags going back in time.
How you choose to determine the current trend is up to you, a series of bear flags? Or one big bull flag?
Last week saw some life injected into UK stocks particularly on NFP Friday. Hiscox LTD was one of those stocks which is now setting up for a potential long entry.
We saw good moves from the very start of last week leading to price on Thursday breaking and closing above long term consolidation which dated back to November of last year. NFP Friday saw price break ...
This is an experimental call and will require fairly tight stops. however, I've been watching ubq on the daily and a bull flag is currently forming, from the bull flag I can make a prediction on where the price can fall.
I try to keep these calls realistic so, I'm not going to kid you into believing this will be a "omg %10000 returns" as you see so often ...
Have bounced off the cloud, and a measured move up would take it to the previous confluence line that finished out 2017. RSI showing a similar setup to that of the flagpole.
I see Potcoin as having lots of upward movement potential according to elliott wave theory and some fibonacci extension lines. This seems like a very good setup because there is good volume present in the pumps at the waves, including consolidation. Aswell as the shift of trend which become bullish once bouncing of the long term trend line. I expect a pump and a ...
EURGBP rallied for 11 days after bouncing off the 200 day moving average during late February. Price has recently pulled back and a bull flag could be taking shape. This pull back offers a good opportunity for a long swing trade. Stochastic RSI is also approaching oversold territory, meaning price may soon turn and continue the bullish trend on fresh buying power. ...