Very important action going on. TOTAL 2 relief bounce carried by OTHERS? Small fomo coming back into the markets? TOTAL2 rejection from here OTHERS dump at 320B?
Don't feel like explaining this one.... its obvious Descending triangle, Bearish RSI, and Falling buyer support Needs more than a NANO miracle to save this one
break and retest within a trend to the down side that's my whole thinking process loool
Hello dear traders, Let's keep it simple. Summary & trading plan: - We perfectly called for 10450 dollars XBTUSD zone failure to hold, and we saw a strong bearish move as anticipated yesterday in our idea, targeting low 10k. - Bitcoin is now sat on the edge of a Daily Cliff and we can see very low targets if it triggers. Please, read the detailed...
MANY of the major currencies are close to breaking their floors. They have no real support after this collapse... This makes the USD incredibly stong (NOT a good thing) Only do to the fact that it is the global reserve and every other currency is in free fall... BE CAREFULL, BE PROFITABLE!
USDJPY continues its waterfall from 113s and is below 3 major supports. Next level is 109.5x, likely moving daily RSI into oversold ranges. I would not long until it moves out of the clearly marked down-trend (light blue) that has held consistently since 114s. Current target is 108x. But honestly, I wouldn't mind if it just cliffed itself back to the 80s like it...
We are seeing very clean bullish momentum divergence from the mac-d histogram, mac-d signal lines, and RSI. I'm looking for CLF to retest its previous swing point high for nice 1:2 R/R with stops under the recent swing low. RSI also happened to close above 50 for the first time today coming off its recent swing low which never hurts.
Looking at the USD/CAD chart there is a lot of action. Another trade has presented itself with another good swing. I feel that when the pattern complete it will trade sideways a little before it drops off the edge of the cliff to test prior lows. Again almost a 4 to 1 risk reward. A clean trade in my opinion