Head and Shoulders played out , What followed was a retest on of the level of the last peak of the descending wedge we broke out from yesterday ,
While doing that price did consolidate inside a descending broadening wedge which is bullish, Broke out to the upside , retested back on the top side of it and now we are set for another run to the upside,classic text...
BTC holds the 10000 USDT mark though there are no buyers to boost the price on higher levels . It seems though from the chart that we will have to go higher for price to prepare on going deeper on lower lows territory as any attempt from sellers the last week only resulted on strong bounce back above 10000 every time we touched bellow that ,creating a bullish...
Drawing some lines on a few stocks, fast and loose style, to see opportunities for swing / range trading.
Where price hits the bottom of a channel and the market enters a downturn, we may see that acting as a catalyst for a trend change.
If price is still within mid to upper ranges of a channel it is more likely to hold stronger, chop sideways, or meet support at...
Putting this up for reference, and keeping in mind what may happen with trade war etc.
Healthy bi-monthly swings and conforming to 2 clearly identifiable trends / ranges.
There is decreasing volatility in this pair and a triangle is forming.
The Daily/Weekly timeframes are trending downwards and so I am leaning towards a bearish position.
I expect an attempt to breach 107, at which point I will be watching closely for a low risk short.
Happy trading!
Bearish movement on the EURUSD, tracked from monthly timeframe down to 4H based on engulfing candles.
Blue = Monthly;
Purple = Weekly;
Black = Daily;
Red = 4 Hours;
Bearish Movement on the GBPJPY pair, tracked from monthly timeframe down to 4H based on engulfing candles. Opportunities for day trades as well as swing trades
Bearish Movement on the EURJPY pair, tracked from monthly timeframe down to 4H based on engulfing candles. Opportunities for day trades as well as swing trades
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