1 hr chart
Crossed 200 ma which was acting resistance several times
Buy wsl candle closing below 200 ma or 725
Tested demand zone 19 Mar 21
Breakout from a resistance
GU seems to be forming an inverted head and shoulders pattern - Im in off break and retest of the neckline and will look to scale in once zone breaks and retests. if you want to wait for more confirmation from then on then feel free but trade at your own risk.
XRP/USD appears to have broken out of an Inverted Head & Shoulder pattern. Short term target is 0.54.
This is just a near term target and I am expecting XRP to rally much higher. I will be looking for a series of bullish patterns and waves to be forming in the coming weeks to provide added confluence.
Do follow for further updates.
Feel free to...
With the possibility of creating, at least, an equal high on the weekly time frame, this pair presents a good swing trade opportunity. On the daily time frame, the pair is on a re-test of an important structure level. If the pair rejects this support level, then there is a high probability of the pair rallying from support. Additionally, an inverted H&S is forming...
Brent Crude Oil has been dominated by the bears due to the weak fundamentals and oversupply, demand constraint and insufficient OPEC+ agreement. Brent price dipped again after a short euphoria on the OPEC+ agreement reflecting conflicting vision on traders and investors. Having said that, the Technical Analysis reflects the market is re-testing the lower 20s range...
Looking to go long if this the current 4 hour candle can finish bullish..
if it doesn't happen will look for a different candle stick set up but will have to be at the same level to complete the inverted H&S pattern.
Any questions feel free to ask