Morning guys, our 1H H&S pattern has been completed on Friday by occasional spike up of NFP release. Longer term analysis mostly makes us to look south. It means that every time when market will come to long-term trendline - it is time to go short, especially if we have some bearish continuation/reversal pattern. Now it is around 6800 - 7000$ on daily...
Greetings everybody, EUR stands around vital 1.1450 level. Downside breakout will lead to re-establishing of long-term bear trend and failure of daily reverse H&S potential pattern. Expectations on NFP data are not in favor of EUR. Right now we see only one pattern that could trigger rally . This is 3-Drive Buy from 1.1450. It will either trigger upside...
Greetings guys, So, yesterday market has touched our 1.15 support area and neckline of 4H H&S pattern that we've talked recently and still keep in focus. Now it's time to talk on upside perspectives. Following the harmony of the pattern, upside action should reach 1.17-1.1730 area. Our butterfly has worked perfectly and market turns up. Now, on 1H we're...
Morning everybody, BTC price action confirms our suspicions. Although our daily target stands around 5900$, 6200-6300 is another shorter-term target cluster. Here we have 1H AB=CD and our 4H Butterfly "Buy" that we've mentioned yesterday.
Morning everybody, Recent price action makes us keep bearish scenario valid. BTC action looks heavy, no signs of thrust up. Current action as on daily chart as on 4H chart looks like retracement after fast drop. Besides, we have uncompleted our major daily 5900$ target. Putting it all together, our expectation stands with downward continuation. The only...
Morning guys, Last week was a reversal one right from strong daily resistance. As a result, we've got bearish engulfing pattern on weekly chart, which, as a rule, takes the shape of AB=CD action on lower time frames. Since we also could recognize H&S shape here, our expectation is EUR should reach ~1.1450 area, by forming right shoulder and upside retracement...