Stop fighting the trend, price will come and wipe out the supportive buyers before continuing its rampage to the upside.
I expect the price to bounce from the levels marked before creating new highs.
Sentiment Data - 69% Selling
We saw a break of this range to the upside last week. We have identified long term targets by looking at HTF key levels. Will price continue to rally or retrace to test our previous resistance zone as support before another push to the upside?
Check out our two potential bullish price paths on the analysis.
Any questions - Drop me a DM!
Break of structure, double bottom formation - bulls take over the market and break through range bound price. Simple analysis on this pair.
Watch for the blue key levels marked for turning points as we begin our ascent! Check out our two previous linked ideas!
Price currently residing below 1.37 after a break above and break back under our whole level.
Are we going to see more downside movement during the week?
Or will price continue to test the upside?
Remember this pair is very fundamental - keep an eye on the news surrounding both currencies!
You know what to do.
I would only say it's valid when the top of the line is broken.
Then enter around zone at for best entries and good RR.
It's RISKIER than my previous fractal because the structure is premature.
I made it as elementary as possible. Hope this works out and I'll be updating it when things change/go according to plan.
In this chart I have outlined the point in which the 50 SMA is crossing the 200 SMA (to the upside) this usually indicates an uptrend. Using that to my advantage I have also found a gap fill in the chart that could be a short term trade. I would expect some sort of consolidation at around the gap fill area and should it therefore continue past the gap fill the...
Following up from my previous video on price of Gold, I show an startling inverse correlation between Gold and strength of the US Dollar (DXY).
Before February 2020, Dollar strength basically followed Gold. But after February - the world changed. Keep in mind this was when COVID struck, and the FED flooded the economy with basically 'air money'.
Litecoin has been following the down triangle and is now being met with resistance at the 0.007000 - 0.007100 range.
As we can see there is starting to be a swing back to the upside starting.
On the 3hr chart we are looking for the reversal back to the upside.
Pound/Sterling may hold some surprises. I have spotted a major curve suggesting probability for the upside. Just don't expect it go go up in a nice smooth way. Brexit is likely to hold some favourable surprises for GBP/ pairs in the longer term. Into April, expect high volatility and trouble.
I start off with the daily time frame and move into the 4H time frame where there could be potential upside. But it's not going to be easy.
I can't see the future. If it goes north who's to say it's not a dead-cat bounce? ;) :)