Hy dear Members hope you all are enjoying our ideas and Analysis. Now we are where to discuss about BTCUSD Next Move. BTCUSD has Breaked this small channel now there is a small Retesting after That it can touch price level 50k.
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It seems to me that EURJPY didn't capture significant liquidity from the first stop loss hunt. Price seems to be pushing up to tap the second zone of liquidity before it hopefully falls into our target area.
". There is still a possibility of temporary retracement to the suggested resistance line (133.42).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. EURJPYis in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as...
EURJPY has finally broken out of the ascending pattern and is making its way lower to the major trendline.
Watch for bear flags on the 1H to take EURJPY down. See chart below for the higher timeframe. We are anticipating a break of the major trendline to take this even lower.
Goodluck and trade safe!
My software has entered a short position as shown on the chart. The trade will be managed using Donchian Channels (all done automatically by my software).
As price moves lower, the Donchian Channels (blue line) will move in conjunction with price, to the high of the previous 5 candles. When (if) this blue line moves below our initial stop loss, my software will...
Price isn't ready to drop just yet IMO.. key resistance is at 137.100 so until then... BUY THE DIPS
Looking for any reversal signals to go long on this pair.. If price continues to drop then I am waiting for a bounce off of the trendline to continue the bullish move to the top