We see a head and shoulders pattern so I'm waiting for price action to move lower than the neckline.
FUNDAMENTAL : RBA took foot off rate hike pedal , and ECB has been hawkish since lagard speaks. TECHNICAL : I expect to retreat price from 38.2 to 50 fibo retracement and rise. . so I'm LONG on EURAUD please FOLLOW , LIKE , COMMENT
jobs report released today and it was stronger-than-expected . Wall Street is currently pricing in a 60% chance of a 75-basis point rate hike at September’s Fed meeting. so 3 or 3.25 interet rate will not be such a good situation for cryptocurrency . As a potential trade setups , we consider BTCUSDT sell opportunities on a stronger job reports and higher interest rate .
-on the 4h timeframe , we have a falling wedge and a divergence between price and RSI -so we expect market to breakout this pattern -for more ideas , PLZ "LIKE" and "FOLLOW"
-GBPCHF has been bearish since 5 April (500 days) -We can clearly see how price reacted to FIBO channel levels. -So now if 2 lvl of FIBO channel break down , it will go down to 2.618 lvl of FIBO channel.
because of : 1- FOMC meeting and increasing interest rate 2- bearish trend in 7 month 3- divegence in volume I believe in a drop in price to AT LEAST 30k .
we see price how reacts to Fibo channels and now it is in a bullish channel . TP1 is shown at chart and TP2 will be Num.2 of Fibo channel .
if price confirm above trendline , price will rise
everything is clear on the chart , I used FIB Channel to show how market reacts on FIB numbers and it was amazing ! See Num 1 . Num 2 . Num 3 , when price reached to these numbers had a correction and then rised to after level of FIB Channel . 3.618 and 5.618 are very important in this channel because price reacted different times at this zone . finally we have 2...