The 200 MA is providing resistance and the 50 MA is providing support. This is most likely a flag pattern, and the ADX is about to go green so will most likely be bullish. But, since the earnings report is coming out today, I have chosen to create buy and sell orders.Also, due to past earning reports the volatility is very high so I expect the same to happen.
Remember you saw it here first! all out on this and bitcoin right now lets see how it plays out.
i feel we are in a very interesting time in the market right now and there is huge potential for a lot of volatility coming up to the end of the year!
I am Currently going SHORT on this pair and taking 1.38000 as my overall target.
On the Daily Time frame here we have seen a Head & Shoulder Formation with price recently breaking the neckline and finding some Support just past the Monthly Key Level of 1.46000. I was expecting a pullback to have a retest of Resistance before Sellers taking back over and this...
Price broke out of consolidation, found support at mid range and bounced back up to either retest or head back up. I am favoring a drop to the downside for this trade due to multiple technical factors. The first target will be the most recent support zone.
Hi, Buy 1315-1325 - You're looking for a long red candle-wick on the 4 hour or daily for your entry point. Best to wait for confirmation.
To the Technical Analysts - An Inverse Hammer for entry signal.
- Divit -
P.s: Keep your eyes on the news ( Chubby Korean Boy dropping bombs like Travis Scott Drops Hits )
Gold has entered the key resistance zone of $1340.00 and has stalled for the past 3 days leading to today's candle finishing as a bearish inside candle. Looking for a short term short position back into the key support. This is a counter trend move and will be monitored at the key support and fib levels.
EURGBP has been climbing to the upside for some time now as the EURO gained significant strength across the pairs. However now we are starting to see a move lower in the EURO as exhaustion enters the market. GBPUSD held at significant key support and bounced showing it may finally be heading for the 1.3300 handle.
Looking at this pair we can clearly see from the...