Pair at significant levels and could probably reverse or could complete push upside to green oval at strong resistance levels and reverse. RSI shows overbought, study price action and wait.
Bitcoin is in a corrective phase, price could reverse to the upside soon. A double bottom could form around current price areas... watch price action keenly.
Gold is in a strong uptrend so looking for possible longs. RSI shows overbought and price is in a resistance area. There could be a correction before a hopeful push to the upside. Observe price action keenly.
The US Currency Index could complete the move up and plump from there. However RSI has been showing overbought for a while. USD pairs except for USDCHF, are getting weaker. Wait for a good set up.
Wait for price to develop fully. RSI nearing overbought levels. Watch price action at yellow and green oval areas for potential short and a good R:R ratio. What do you think??
Wait for price action at top of channel and sell short if given indication. RSI is in no indicative zone. Sit on your hands and wait or join the trend upwards.
Long term uptrend in Daily TF. Looking for possible longs. RSI showing oversold, could reverse upwards soon or could fall a little to a stronger support as indicated and go back up to first yellow resistance zone. Sit on your hands and look for probable events.
The pair is in a huge rising channel on the Daily Time frame so looking for possible longs. But Hedge Funds closed lots of longs and opened even more shorts last week. About 17x shorts were opened for JPY so there is a major conflict here.
RSI shows oversold and is already rising from the area. The pair is in a strong support zone. I'll sit on my hands but any...
Daily shows a rising trend. So looking for buys in shorter time frames. The pair seems to be relaxing on a strong support that coincides with the trend line. If this plays out, could be a short term or IntraDay trade.
What do you think??
In the 1hr chart, Gold has settled on a short term resistance after a little consolidation in a rising wedge. There has been about 5 candle rejections of that wedge high and resistance. RSI is also showing Overbought and is beginning to drop. It is highly probably the pair will fall.
If this plays out, it'll only be short term.
