AS YOU CAN SEE PRICE IS JUST AT THE MONTHLY DOWN TREND, AND IS MAKING A CORRECTIVE STRUCTURE. I AM EXPECTING PRICE BREAK THE STRUCTURE. SO,I WILL SELL THE BREAK OUT TO THE 38% FIB LEVEL. WHAT DO YOU THINK? I AM RIGHT?
So in order to protect yourself from major losses when trading in Forex, often times you might want to hedge your trade by placing the opposite order for a similar pair. This is an example of such situation , we have a perfect wave set up over on the Eur/Jpy charts that we entered earlier today. While that trade is still open , sometimes i get nervous about...
The one with the lowest X is a bat which is devolping. Then it's the purple bat which just completed. Then its a butterfly completin at the same level. It would contonue the downtrend to complete a daily gartley after a retracement cause of all of these patterns :)
AUDUSD HAS BEEN FORMING A MONTH-LONG WEDGE, AS WELL AS A DOWNWARD PITCHFORK. AUDUSD IS ABOUT TO INTERACT WITH THE BOTTOM SUPPORT OF THE WEDGE, BOTTOM SUPPORT OF THE PITCHFORK, AS WELL AS HITTING A FIB LINE. IF BOUNCES, LONG, IF BREAKS ALL THREE SUPPORTS, MAJOR WEAKNESS SIGN. CREDIT TO: ICETRADING FOR THE ORIGINAL PITCHFORK CONCEPT.
1. Channel 2. Waiting for a double top 3. RSI_7 and Stoch_8;5;3 were over sold 4. In a case of double top will I be looking for RSI or Stoch divergence. 5. The bullish trend-line was broken. Waiting for the double top and divergence.
Bases: Fib. confluence with structure, Stoch RSI, Robust Trendline, momentum building, Stoch RSI14,14 2.92 on weekly chart. There was a channel, which was broken and stopped by a strong leg, but the trend is continuing, and after analyzing this chart, I think that it will form another channel. At the Level 1.06374 there is a lot of structure which is likely to...
What do you think? Will the btc/usd move like this in the next days?