Nifty Heading for Another Round of Testing for the 11000 Levels.
Major moves tend to pause with a small, opposing line break, and then continue on. Is this situation any different? #linebreakcharts
I am no expert. I do this ONLY for fun. Accept this with a “grain of salt A long wick tested the price area of $6500. From what I understand, someone with “huge pockets” can only move a market in this fashion. Whoever it may be, is testing the demand level of $6500. When will it happen? I don’t know. Just a theory for now. Also, if you are familiar...
montly RSI looks to be at a bottom, sorry didnt feel like adjusting the settings. but there it is. Great buying opportunity to start buying bitcoin
Hi guys, It's my first post and probably the last one if what i'm think is completely wrong but I've started trading like 4 month ago , and this afternoon i was playing with the trend lines on a BTCUSDT chart , and after drawing few ones, something seems to appear to me that i haven't realized until now. is there some experienced trader that could confirm or...
I think that this pair is exhausted from sellers constantly pushing price down. Overall slowly becoming more and more of a bullish market long term if your looking into daily charts. Also pay attention to wicks that show exhaustion. If your looking for any positions for the week of 6/18/18 to 6/22/18 you should be buying and buying. Then the following week we...
Keeping it as simple as it can be. Viewing BTC's trading range over the last year (channel) it appears that it is still in bullish territory. Yes, of late it would seem bearish, however - when taking all and all into account - the recent downturn appears to simply be a correction to where it should have been all along. The rapid growth from late October (as many...
Pair: XAU/USD S View: 4H Time: 07.26am Observation: This pair formed a new lower low having broken through previous support which was tested twice and after and evening start pattern formation. 1D view is also in favour of a short. I will short this pair and target 1240.74 then 1222.31 and SL 1276.52. Risk/Reward is 1.4. Feel free to comment! Follow my...
This is a study of AUD/USD price action from a novice forex trader's perspective just shy of 2 years live fx trading The aim of this study is for me to get better at the following: identifying "key" support and resistance levels identify good trade setups based off of my analysis of these support and resistance levels better understand the currency pair's...