My bias for EURUSD is similar to GBPUSD, as I'm seeking selling opportunities towards a demand zone. There's a 10-hour supply zone that I'm eyeing for potential sells to continue the downtrend. I'll be waiting for a high to be swept during a Wyckoff distribution before entering my sell positions.
Following this, I anticipate price to decline towards the 3-hour...
Hello my beauties.
I'll be shorting oil until the 56/58 area as it needs to retest a 13 years old trendline. The price broke it to the upside and I don't think it is going anywhere before kissing it.
Oil is now facing a cluster that consists of the following resistances:
- 1 year long uptrend trend line ;
- downward channel trendline;
- inverted head and...
Oil has breached a 13 years long falling wedge.
I will be shorting until the 55/57 area, then switching to a long term buy that, in my opinion, could lead priced up to the 130 area. This would allow the big petroleum companies to sell their oil stocks at higher prices as they decrease production to switch to environmental friendly vehicles.
You can see that the...
There is still room for some downward motion here, if so I would exspect it to be rapid down followed by a similar rise north, this then followed by a slower accent target 72.100 - 72.140
Unlike BTCUSD that is showing gradual upward movement its cryto counterpart shows more downward movement before turning north, both digital currencies do show northbound movement in the near future
NZDCHF is showing a familiar cycle of a rapid descent followed by an equally rapid ascent, ranged as short to the 0.58060 area, followed by a long to around 0.65680.
My chart below, (see link), still stands for a long term view, the crypto broke above the fractal and needs a correction, this correction was quickly spotted and shown on this chart ending on the path of my origanal idea
I see a small drop first to around 1.660, in my idea this then longs without much resistance to around 2.125, I do see some action here, small retrace possibly to 1.950, but overall I see continuance moving to the 2.500 region
So a little more focus on the RSI on the 1 Day time frame, We have placed a Resistance line at 48.1 on the RSI and we're shorting it either to the blue resistance zone, also the (A) correction.
This trade would be invalid if rsi break through the resistance line and close above it. If RSI closed above then it's a good chance it will make a good move to the upside...
