GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
UK OIL & GAS PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VODAFONE GROUP PLC ORD USD0.20 20/21, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI)
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
As you can see from the chart, bitcoin is trading betweeen channels very well. Place buy limit @ the suggested point. Rsi is showing undersold levels too
With time, and observation comes understanding.
A day of Elliot Waves and cup and handles led me to believe I could time this right. And wow did I surprise myself.
I have never drawn on a chart, I have never done anything other than observe and trade, I see other peoples charts (Credit to Thomas, AlanMasters and Haejin) and if I don't understand something I ...
Breaking the strong area of 1.1250, this gives us confidence as we know who's in control of the market. (Buyers).
1. Price action staying in the daily trendline gives us validation because Price is obviously capitulating to the resistance of the trendline.
2. 1.12504 Temporary resistance breached wait for minor retracement back to major support level/zone
1.Resistance turned support has been active since 2016 July with massive Rejection each time price came to the level/zone.
2. 3 times recently price action tried to breach the level but the order flow in the zone is filled with institutional order flow.
3. Price action has over been overbought so correction is needed.
Just for your information, i am still holding my buy at the latest breakout in Trend line.
This short is for short-term only with a good risk and reward.
Trade at your own risk.
It looks like that a Gartley Pattern is on formation .
Keep an eye on it !
AUD has had a strong breakout of its ascending trendling and is not proceeding to a target area of 83.730, where price may find support and play off it.
This 4-hour chart shows a possibility of short term bearish opportunity. Wait until the price drops below the support line and target for sell order.
Hi guys this is the first idea I'm sharing here, it seem like this could be a trend continuation, the pound could retrace to the 0.382 fib retracement and bounce back to a new Higher High (mind the news though) at the Fib Extension 1.272
let me know what you think any advise is welcome. Cheers.
Potential reversal to 0.74200
Looks like Bump and Run pattern
Based on our previous long-term analysis (please see links below), our general feeling regarding the EURUSD pair is going short.
But, as we mentioned on the original idea, we would expect the price to retrace and retest the previous structure support that was broken a few days back on the 1.05700's region.
We believe that this falling wedge formation may ...
1) Supply & Demand taking place
2) Retest of major and historical resistance
3)Within a a bullish channel which is ready to rally and break out.
Expecting price to rally back to major support/ supply zone of 0.8752
Leave a comment, like and share.