Interesting setup, and good RR possible. Weekly TF - Breakout out multi-year trend line, and retracement done. Price refusing to go below previous week low ie; 731,8 INR. Wait for weekly closing above 200EMA, and break of trendline to take a trade.
Breakout level tested. Bounce from good support. Sector performing good. R2 sustained.
Good price action support. Expecting bounce. Levels for target and SL given.
Last week, the USDCAD was finally able to break out above the upper boundary of a massive Accumulation range. This happened after a prolonged period of consolidation above the 100-day MA (in blue), underpinning the steadily rising bullish bias. The breakout above 1.21350 and the 200-day MA (in orange) implies that the USDCAD may finally commence establishing a...
Btc on 4h chart After the petant breakdown , 📌 From breakdown to 12 June low consider fib retracement on 0.5 fib it is resisting with wicks 📌As well same 0.5 has coincides with 50 ema 📌 based on candels, morning star formation can be seen, but it is not valid as the bullish candel pattern should've been formed near support, currently it is trading near about...
Though I hate to say it, BTC seems to be nearing a Death Cross (when the 50MA crosses below the 200MA) on the daily chart. This is one of those super classic moving average (MA) strategies that finds it way in most intro to technical analysis books and honestly a lot of people trade it. I would expect volume to start rolling in as these two MAs keep inching...
Hello investors and friends, last time I predicted 5.50$ for AEI and we reached our target, like I predicted it. Now I expect an pullback and the bullrun shall be continue. What is the next target ? Well, I think the next target could probably be 8$ but harder to reach. Overall I think over the long term we could fill the gap sooner or later.