idk im not a trader... i just made milions this way
BCH on the move, watching this purple box for a potential setup.. not sure which way yet depends on how it reacts when we hit that box short term bullish but watching that black line, maybe look for a short play if support breaks there
Something gonna happen or Nothing gonna happen lol... Short-term Bullish Long-term Bearish
Going long here, could have a pullback first but whatever. 4HR Closed above a very significant resistance after playing in the same area for a couple days. full analysis is on my previous post. pretty good R:R.
Looks like a pretty clear triangle has formed. If we break any of these two barriers with confidence in the market, we can see either a bullish or bearish trend in the future. We'll see what happens from here, but my recommendation is to sit tight while the market decides what it wants to do before we make any judgments.
Analyzing the RSI's from right now they seem very similar to the shown recent times highlighted and circled, not sure whether it is a "false breakout" in the sense that it will return back to ~620 levels or if it's gone for good. I'm currently in a short position unfortunately and want to wait to see if it might return back. Only thing keeping me from cutting my...
Potential for either Long or Short on NZD/CAD Pair. - CAD news (unemployment numbers and rate decision) will affect trend of this. - High chance of bounce from resistence area that has been tested about 4 times already. - Will take 1-2 weeks to play out and find a direction.