Eth just surpassed the 4 Hour Resistance! Next stop — The Moon.
Side Note: It's always incredible to see how price gravitates towards Key Levels, even in Crypto.
Europe has been dealing with a lot of turmoil: Russia has be regulating the EU's Natural Gas Imports, slowing the pipeline down by 20%; on top of increasing Inflation scares.
Australia, however, has been holding steadily against major pairs - even with China sanctions still in play.
I used a my Support and Resistance Lines to find Bearish Trendlines within the...
A trend is the general direction of a market. Unless something happens to change the trend, a currency or commodities price tends to move within a channel. A channel is formed by a Support level and a Resistance level. The Support level is the trendline for the Lows and the Resistance is the trendline for the Highs. Adding in additional Trendlines, between Support...
Identifying the Support (lowest price), Resistance (highest price), and Key Levels (areas price gravitates to between Support and Resistance) one two or more timeframes. Today, I have them marked on the 4H and 1H Timeframes.
Identifying Support
Support is the lowest level a price will go before reversing. A support is created in two ways. The first way is when...
An upward channel + pull back to Find Retractment 70.5 provides a high bullish stance. Coupled with fundamental and other factors. I believe eurjpy will be bullish. Using the @alphamindfx premium indicator.
After carefully plotting both Daily Highs and Lows I was able to determine the DAILY Channel.
From there, I used the AM All-In-One Indicator and Ray Tool to create a channel from the HH and LL.
This created an upward trend and a flawless channel that was validated through a Fib Channel .
From there, I used a Fib Retracement to find a perfect entry.
All...
