A few things lining up on this. Price is in a clear correction whilst approaching a key significant area which happens to fall inside 0.5 and 0.618 fib which happen to be the most favourable fibonacci levels.
If correction breaks early, enter on breakout with stops below correction.
as you can see the price action respects this rising wedge, could take some time to get to lower trendline or could be bought up just before by the bulls , something to watch for sure , if it does play out expect good gains as i do see it boucing and the reversing to top trendline . good luck
Gold calls have been perfect, with a stronger dollar occurring short term we look to see it push down the value of gold. DXY aiming for 92/92.500, which would significantly drop the price of gold.
Head and shoulders set up, neckline broke and awaiting re-test on 1D timeframe. look to add shorts around the 1825 level as long as we can turn temporarily previous...
hi all , another idea here, as u can see its a clear pattern and is respecting it, its a clear buy signal at the bottom but be sure to use a stop loss in case it falls lower, but i really think we will bounce and go up from there,
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hi all little update, heres a channel ive found and as you can see its respecting that also , i see upside from here only unless something dramatic happens to bitcoin, but i do see this playing out into the bigger pattern i posted the ascending triangle
EURGBP creating a falling wedge. Wait for a clear impulse up and then enter on retest. Loads of room to move!
See example on the chart as to what I'm anticipating.
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There are some key levels to watch with Gold. This is a nice one to see if and when patterns may repeat themselves.
Two areas highlighted in yellow show some similarity.
This could be a short on a lower time frame. If shorting and you cannot take loss on your stop-loss, leave it alone. No suggestions given for positions and stoplosses. Price and price action...
We posted analysis on this pair last week on our profile expecting a break of our chart pattern. We have seen that break today! Will we continue to see downside movement throughout the week or will price retrace?
Overall view - Expanding channel
Clear head and shoulders pattern forming on the 4H.
1H bullish flag to form a possible bigger second shoulder.
Looking for a retest of the channel & an impulsive breakout to the downside for the 90% retracement to 22.4k then 20k before seeing further long term growth.
PLEASE FEEL FREE TO POST YOUR BTC VIEWS IN THE COMMENTS BELOW.
Technical view of AUDJPY: Quick Intraday trade idea!
Pattern: Bearish Flag formation longer term, within intraday - Playing a H&S pattern - Confirmed once broken the trendline up - (Highlighted the key area in Blue)
Support: 80.400*, 80.290, 80.170
Resistance: 80.600*, 80.700, 80.830
200 & 50 EMA - 80.400 is a key support area where it holds the trendline up as...