I really need to spend more time before publishing....
Here's is my updated chart after tidying it up, adding a few bits and also a tongue in cheek look ahead to $1,000,000 :)
Bitcoin 4 year cycle, self explanatory chart.
EURUSD - Intraday - We look to Buy at 1.1138 (stop at 1.1103)
Price action continues to be mixed and volatile for 5 days in succession resulting in spikes in both directions. A Morning Doji Star formation has been posted at the low. The medium term bias remains bullish. Trading within a Corrective Channel formation. Trend line support is located at 1.1152. Posted...
Hochschild Mining was a higher yesterday against a backdrop of red in UK markets. The shares appear to have been in the process of bottoming out over the past few months and have now completed an inverse head and shoulders bottom. This is a powerful reversal pattern and suggest there will be more upside over the medium term....
Major level of structure being tested on the EUR (in this case support) where there is a high probability of a reaction.
Stops are an ATR below the lows and targets at structure.
Good luck in the markets.
. There is a possibility of temporary retracement to suggested support line (129.06). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
I will be looking for shorts @ the 1306.000 zone, my TP will be 38.20% or 61.80% of the Daily retracement level (check previous post); from here I am expecting a continuation of the daily rally following the break of structure. There is also an inverse head and shoulder formation on the 4H TF which is added confluence for this trade idea.
All feedback welcome x