Big bullish candle marked on chart created very strong support which is nicely respected by market. In my opinion pair is going towards psychological round number which in this case is 10k. It is very common that big bullish or bearish candles are creating support/resistance level at : 1. top of body 2. bottom of body 3. 50% of retracement from top to bottom of...
LBC HAVE FLAG CHART AND NOW BREAKOUT TARGET 6200-7000
After triangle will be good move. But where?
A beautiful Case of Supports and Resistance Easiest to Spot on Heikin Ashi. You can find More if You Try.
Visible GAP from beginning of November has established strong resistance which hold the price below this level for the past 4 months. Chart shows two rejections on 4H and Daily interval with nice double top formation with accompany of doji candles. Pair has stopped depreciation around strong psychological level 0.0000100000 between mid of February to mid of March...
with clone of first jump....prediction of parallel line with uptrend resistance line and posible creating big uptrend channal ...uptrend resistance (green line)defended for now Im in long now from 0.00002316
corection to double bottom before healthly uptrend...just my opinion
Seems like a decent risk/reward ratio.
Up: break of the descending channel target around 0.00045 Down: small triangle if that breaks out, it going around to 0.0000996