I believe the AUDNZD pair is forming a Market Maker Sell Model, and am expecting the Aussie dollar's retracement to continue towards the stops that will have been placed in key retail short entry areas. I am looking to go long on the pair on the weekly low next week with a stop just below the 1.091 support.
After this retracement, which will possibly move as far...
Although I have quit trading bitcoin, I thought it would be fun to examine the chart.
Since btc has broken the level of 286 (shortterm support) a break of marketstructure occured, btc will now try finding some support which will most likely be found in the 274-271 area. \\
I have layed out 2 possibilities.
possibility 1:
If btc price bounces at this level, we...
In the next few days btc will have the opportunity to initate a reversal from last week's downtrend. However, I do think that we will reach the 272-265 area prior to reversal. It's also possible for prices to go a tiny bit lower into the 265-262 area to fuck around with stops, it's in that area where it's most likely for a reveral to form. A run to 300+ might then...
As I described in my previous publification, the price would go down due to encountering historical resistance. Now it looks like price has found support at a previous support level, as long as this support level stays we will be in an uptrend. So I wouldn't be surprised if we would end up re-testing 300+
CISCO just hit a historically important orderblock and should have a bounce around here with a MACD bullish divergence on the 2H chart and a RMI buy signal.
