Never charted this one before but came across the chart and like the setup. Looking for a touch of lower trend line for a nice buy or a breakout of resistance line. Also, double top on major resistance line. If first trend line breaks down, the second trend line should provide a opportunity to buy and a bounce.
BITFINEX:BTCUSD BTC since the last bottom of the bear run that saw prices down to $2900, we've witnessed several rallies continuing along a macro positive trend. In the days since 15th September last month we can see a trend of higher highs and higher lows with a converging upper/lower boundary. There has also been a trend of decreasing volume throughout the past...
now: 21.00 buy: 20.42 stop profit: 21.23 stop loss: 20.12
now: 31.58 buy: 31.83 stop profit: 33.09 stop loss: 31.35
i think it's possible just keep an eye on and buy in more dew days. than you can split the money at the resistance poit, and in case of rising up, buy again and wait for target in case of getting down, sell everything and wait for support to buy again.
A lot of news coming in right at a crucial time for the USDCHF. I see the more likely outcome to be that the bullish trend continuous and established itself above the 0.97532 resistance, then there will be a rather good long position if it holds up to our next resistance at 0.98618. Waiting to see once we hit that 0.97937 (green mark) for a quick gain.
If you see my other post linked at the bottom of this post, I was looking to go long and the news pushed it perfectly. Unfortunately, I was stopped out by the news spike. Price is already seeing some reaction ahead of some identified levels... A daily trendline,structure, 78.6 fib, and 1.618 fib inversion. I'll be watching price action the rest of the week and...
#BTC there is your resistance and if we dont break through it soon we may head down again. Bitfinex whales may be looking to dump from what I've seen - be alert : )
The GBPUSD pair has been soaring on the last couple of days. But it has come to a key trend line resistance on the weekly chart. A close below the trend line would indicate to me the bulls are out of steam. Go to down to a lower time frame for an entry, and watch for the overbought signal on the RSI.
GBPNZD: a correction is necessary at he neck level Less is more!
Monthly technical analysis
USDCAD LOOK LIKE A PERFECT BUY !! WAIT THE PERFECT RETEST ! TP 220PIPS
2 POSSIBILITYY FOR THIS PAIR, BUT I THINK 75%BUY AND 25% SELL
~80 Bars of bullish usage before obsolete ~20 Bars of bearish usage before obsolete
USDCHF: this is a bottom reversal to confirm later. Less is more!