EURUSD is about to talk to us really loudly. Lets see what its got to say. As it seems now its in the downside and its making a bigger pattern on the daily timeframe, and on the weekly trendline. That means, something big is about to happen.
Please be very careful with this trade. I don't see anymore potential in the downside part of this trade....
IF PRICE REACHES GREEN= BUY
IF PRICE REACHES RED= SELL
Triangle forming in the BTC/USD price, much like the other one the other day (which would've been a very successful trade as predicted)
However this one is spending alot of time in the lower half of the triangle, suggesting it should break out lower. However it could break out either way. I'm guessing it...
I'm looking at this pair thinking a reversal in on the way so i'm going for a Sell Limit and sell stop when sending the market is closed so you may need to to do a sell at market.
No Stop loss sent see picture or do your own
I think the chart shows it all here.
We have a longer term trendline acting as support and a clear trendline break upwards complete with a nice pullback for a good looking long entry.
The only thing the chart doesn't show is why I've set the exit point to where I have... My exit is sitting just below the 200EMA.
Gold has recently rallied and been consolidating for the last few months.
Seems the consolidation within the 2hr chart shows to myself a head and shoulder inverse to continue the price to target daily highs near 1550.
A breakout of 1516 would be ideal to see buyers taking action from this pattern.
This has been one for the swing traders that saw this wedge early, it has been incredibly profitable for some.
For everyone else who isnt a manipulator, we are waiting to see the outcome. Fundamentals aside (equally weighted IMO), the two trades shown will give good return one way or the other.
We are either in a continuation pattern or a reversal, we wont...