Almost comical left shoulder returns an accurate trend line which would serve as reversal indicator.
After looking at my GBPAUD dollar trade in the morning we noticed other head and shoulders patterns on the GBPCAD, we waited until the price broke below the resistance level and believe this trade will be completed within the next 6-12 hours. This is a pretty simple High probability trading set up and should be a really good trade. Trigger!
It looks like we have a double top forming on the GBPAUD. I would be looking to sell at anywhere near the resistance levels and aim for a TP at 1.8300, which is what I believe will be the next level of support. This is a long term trade with a fairly short stop loss 1.84889 compared to the potential upside in this trade. TP1: 1.83871 TP2: 1.83015 Regards...
Risk/Reward ratio if you buy at $400 and have a stop loss at $378 and if you have a long-term target of $1150 is 29x P.S. My new Gann fan is scary because it is so accurate as you can see here:
Doom, doom, doom. I want you in my room... Sadly the long-term indicators weren't lying. I pointed out one month ago that Bitcoin is doomed with many charts in the comments here: and this week my most bearish doomsday scenario of $333 triggered So instead of publishing more charts as comments I give you my Bitcoin doomsday dashboard. The only reason why I...
As you can see the Stoch RSI is in oversold area, the Money Flow Index (MFI) looks like it's going up and the Coppock Curve is at a low momentum.All of these correlations don't mean that the price can't fall lower, but it can mean that there is soon room for growth from this low starting point. Interestingly we are at Fibonacci Time Zone 3 based on last Summer's...
As we can see on a weekly time frame, this pair is completing a cycle (low-to-low) trending slowly up within a channel. For trading purposes though, it is actually trending down. Currently this pair is in one of the strongest down trends of all the majors. The NZD is the weakest currency, while the USD is the strongest one. That's why I expect further continuation...
This Gann fan is hitting so many pivot price points (marked in blue rectangles) that it seems to be worth watching the coming weeks. It makes forecasting easy. Either we stay above the 9/1 Gann fan which started in Summer 2013 and slowly start a new uptrend in Winter 2014 - or the price falls much much lower.
Obviously, Bitcoin's price is still inside a uptrend channel. Accumulation is increasing so far, too. Please also take a look at my other related chart. I forgot to add it as link:
The EURUSD continues to drop down as we follow a long term channel. Looking for an long term short position and then a nice bounce after we hit the long term support.
--- UPDATE: Short-term shorting opportunity below 500 US Dollar --- Positive news: - New York Extends Comment Period for BitLicense Proposal: www.coindesk.com - Ben Lawsky: New York Can’t Risk Getting Bitcoin Regulation Wrong www.coindesk.com The risk that the price might fall is even below $550 starting to get lower around $525-$535 Below $490 is a large...
We are above WMA 100 (weighted moving average period 100) in the long-term chart and the GANN price channel is larger than I expected. We might be at a bottom. If and when the SAR trend indicator goes positive we have the start of a new rally. But if we go below the red WMA line the BTC price could fall down.
A long-term Bitcoin chart (weekly time-frame) shows most indicators signal a large downtrend. But the price might still bounce at $450. Otherwise the price might fall much lower. Current price is below $500. ------- MACD (Moving Average Convergence/Divergence) shows the begin of a downtrend ROC (Rate of Change) shows currently a downtrend Stochastic Oscillator...
GBPUSD has corrected for several weeks now. The momentum indicators are in oversold zone and the price action suggests the correction is over for now and we can see a small rally to 1.6930/80 zones where it could find resistance and start its down trend again. A small rally would also create a bearish head & shoulders patterns and the minimum target towards...
Huge risk that Bitcoin falls much lower than $450. Here is the past value increase trading range and resulting future value decrease possibility in this Bitcoin price channel. Look at the "related ideas" to find more bearish ideas in my previous charts, especially this one:
View Chart: Daily Potential Entry: 0.79590 Area S/L: Below Entry Potential Target: Recent high (0.80234) R/R: 4:1
Multiple patterns here giving me two targets. My low end target from my V- pattern gives me a target of $73.75ish. My high end target from my ABC pullback combined with a consolidation breakout resulting from a failed bear flag gives me a target of $78.40ish