Selling the bitcoin. Bitcoin is now falling even harder. Trade has almost fallen into place.
Two dojo at a major resistance. Accumulation distribution zone. CHF getting weaker overall trend showing upside. Now its a patience game.
The BIG question, Does the DOLLAR gain strength? What's already bought is half sold We see the expected decline.
Analyzing the weekly chart we understand the primary trend is bullish , therefore all buys have an increased probability to generate profits.
USDCHF has shown signs of strong bullish pressure. I understand the CHF is getting weaker as the economy widely opens. Weekly chart shows a strong bullish candlestick indicating a high probability of a follow up of bullish strength. On top of that we the rejection of price breaking through a small but strong resistance. Bullish sentiment is the market. If your in...
USD the major currency against the weakening Swiss Franc. The Current Trend exemplifies BULLISH strength. Rejection on a minor resistance shows the bullish strength and the continuation of the bullish trend.
On the daily chart we see a change trend. Buyers are now pushing the AUD UP. Hitting a resistance, The daily chart shows candle sticks that foretell a push in buyers as price rejected moving lower. And was met with resistance. Expect an accumulation of buyers to show themselves the coming days.
Expect new buyers and traders to add on to their position. Part of a bullish trend.
EURAUD IS on a general down trend and aims to break the current resistance. The recent bullish run was another opportunity to encourage more sellers . Now wait and see.
Follow the trend The Chart shows an heavy interest in SELLERS . Breaking a resistance I expect that to now turn to support for Sellers to renter. Continuing the downtrend.
Parallel channel, and Bitcoin has shown signs of rejection.
I've decided to go for the long term trade. One I categorize as blockbuster . Potential chance to receive a massive reward in ratio to a loss. - Here's my reason With GBP falling treacherously an influx are buyers pusher it back on. Meaning two things. One: An exit of sellers ( Less people selling the pair) Two: An abrupt of buyers getting in a record low...
We've witnessed GBPCHF hit its major resistance and create new high each time. This foreshadows an accumulation of buyers. Entering at such a position allows opportunity to capture a big reward with minimal risk. -What I really expect soon is a major turnaround that last the entire trend, and of course that can only be achieved with a large volume of buyers....
How strong really is the pound right now? Dollar still king? Questionable trade but intuition strikes. Big bearish candlesticks. Overwhelming presence of sellers.
The basis of this trade is the buyers from the piror bull run are still holding their position. A potential of new buyers could reverse this downtrend quick.There by buying low, selling high. I am comfortable risking 20-30 lips.
The favour is downside, and this where many buyers will get caught. Weekly chart signifies sellers. The parrel channel displays a recent addition of sellers. And more have joined on support.
Hitting a major resistance GBP has shown signs of recovery in the past months. Buyers have shown interest in cheap prices towards the resistance, foreshadowing an accumulation of buyers.