Bearish pin bar under confluence of resistances (Fibo + Trend line + march and april highs). Last time price tested that zone, we saw more than 250 pips downward move. Can the current pin bar move the price in the same direction?
Bearish pin bar under confluence of resistances (Fibo + Trend line + march and april highs). Last time price tested that zone, we saw more than 250 pips downward move. Can the current pin bar move the price in the same direction?
BTC/USD broke below 2000 finding itself inside the support zone (confluence of Fibonacci and high from the first part of the month). Now we should observe H1, H4 and D1 charts waiting for some Price Action buying pattern ( pin bar , inside or outside bar). If bears break below current zone, the scenario will change to the selling one - potential re-test of the...
BTC/USD broke below 2000 finding itself inside the support zone (confluence of Fibonacci and high from the first part of the month). Now we should observe H1, H4 and D1 charts waiting for some Price Action buying pattern (pin bar, inside or outside bar). If bears break below current zone, the scenario will change to the selling one - potential re-test of the newly...
USD/CHF broke below important support level around 0.9853 (Fibo + this year lows) which was tested couple of times (arrows). Although the breakout was quite dynamic and we didn’t see a re-test, next trading opportunity may materialize in the next sessions. It looks like that USD/CHF found a new base near 78,6% Fibo (0.9729) – just take a look at the long lower...
USD/CHF shows some geometrics – Chance for further declines
USD/CHF broke below important support level around 0.9853 (Fibo + this year lows) which was tested couple of times (arrows). Although the breakout was quite dynamic and we didn’t see a re-test, next trading opportunity may materialize in the next sessions. It looks like that USD/CHF found a new base near...
When looking at the XAU/USD (GOLD) daily chart we can see that, price stopped below February’s highs near 1263.50USD per ounce. The resistance zone is strengthen by the 61,8% Fibo retracement (November-December 2016 depreciation after the US presidential elections). Last time 1263.50 pushed the price more than 60USD lower. We should wait for Price Action signal...
According to my last week’s projection, due to bullish response market rejected local support at 0.6867 converging precisely at that time with 50% of Fibonacci correction from the earlier upward movement, and since then we have seen continued growth.
As a result of this move market has overcome a very important resistance zone at level 0.6950. It is worth noting...
Breaking the upper limit of consolidation occurred already in April. Price after reflection from the top came under 61.8% of the abolition (1.37910) and rebounded to the south. Friday’s strong depreciation of USD/CAD brought price again to horizontal channel, simultaneously breaking Fibonacci 50% and March 1.3530:
The above-mentioned levels will play a key role...
