I believe the BTC pullback / rally to be exhausted; I'm not going short just as per the investment strategy I put into this, I am just realigning to either Tether or XRP; you could go short if you wanted though.
The structure of my assumption is based on a point system where we hit 10 out of 18.5 points ( personal trading calculator - suggesting either short or...
There is a strong support zone between 1.1097 (weekly S2), round number 1.1100 and fibo support 161.8 at 1.1115. I place a buy order at 1.1118 with a profit target at 1.1295 (few pips below round number 1.1300 and rezistence 1.1315). Stop loss with regard of RRR 1:1.
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Two parallel red lines - price area after the drop from 6500.
3900 – round number + medium support
3800 – round number + medium support
3700 – round number + good support
1- Objective Inverse Head and Shoulders in orange Ellipses
2- Multiple Divergence on MACD in red
3- Round level rejection 85.00 in red
4- Objective descending triangle in purple with its Bow and Arrow
Waiting for a candle close above the gray zone to buy
1- Objective Head and Shoulders pattern - Ellipses (still forming)
2- Long term objective trendline retest (in H4)
3- Demand Zone rejection in red
Waiting for a candle close above:
- Last Swing Standing ( rectangle)
- Round number 80.0
- Head and shoulders neckline
Buy = 112
SL = 111.9 (only 10 pips)
TP1 = 112.42
TP2 = 112.8
Signal for buy
1. 50-61.8% retracement of last bullish move
2. near the bullish trend line in 4H chart
3. round price at 112
4. Support level according to chart
if this trade doesn't work, wait for buy USDJPY around 111.7 which is the second area support level.
The blueish rectangle showing very peculiar price action which took place on the first half of august. This strong bullish movement was wiped out with couple of days and pull it down below the most important support/resistance level for this pair which is 0.02.
I can see 2 possible scenarios the pair will be pull down by 200 EMA on 4H chart and most likely 0.02...
We all have seen that BOE increased their rates so obvsly pound is getting stronger. What I see now is that there's a stop hunt atm until a nice shot upwards. I'll be waiting until price drops to 1.2800 and shows a reversal confirmation.
I'm new so no hard feelings, also I'll be using this as a record of my analysis for future references. If you seen this and you...
Watching the euro for a short position based on mostly technical's, and the general fundamentals of the dollar right now. Looking for a reversal at the 61.8 level i have marked in conjunction with a reactive trend line. If price reacts properly i'm looking for price to move down to the monthly support of 1.22000 for about 90 pips. Time will tell and patients will...
I'm going to be watching usd/jpy like a hawk for the next few weeks. Many fundamentals are going to need to be considered at this time along with our technical analysis. There is a potential to see a strong yen leading into possible regulations on artificial weakening of Asian currencies. This plays in with the key levels we have been watching. We saw a push to...
Price is currently sitting near monthly round number level. I'm expecting push up to the 50% retracement area along with triple top formation for extra confirmation for short entry then continuation to next 250 pip quarter level. This is in conjunction with my prediction that japan might receive tariff exemptions from the U.S. thus strengthening the Yen.
Three areas labeled in the chart could serve as support for the falling EURUSD.
1). Area around the center of the descending channel.
2). 50.0% Fibonacci Extension
3). 61.8% Fibonacci Extension and round 1.22 level.
I'm still short 3 lots and up +200 pips across them in total. Will keep a close watch as this is a countertrend trade, although trade sentiment...
Beginning of an uptrend and great opportunity to profit! Waiting for the bouncing in a particular spot (number 1) where lot of things happen: resistance turns into support (red line), touch with support line (blue line), round number 0.69, fibonacci level (0.5)!! Enjoy
By default I am bullish the Euro as economic data shows growth/positive in the past weeks and positive development on the German political issues (Merkel and co). I am somewhat Bearish on the USD with bets that investors still thinking off the inflation worries stated in FOMC meeting, the tax reform uncertainty. Though this is at least for Monday as plenty of U.S...