💡Don't miss the great buy opportunity in USDSGDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.3246).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 1.3276
TP2= @ 1.3307
TP3= @ 1.3330
TP4= @ 1.3350
TP5= @ 1.3377
SL= Break below S2
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USD
💡Don't miss the great buy opportunity EURUSD
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.2090).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Take Profits:
TP1= @ 1.2145
TP2= @ 1.2180
TP3= @ 1.2240
SL= Break below S2
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📚 Learn More 💰 Earn More with us: FLAG pattern
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FLAG pattern Definition:
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
IMPULSE Definition:
A “flag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.
Corrective Wave Definition:
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".
Flag patterns can be bullish or bearish:
A bullish flag is known as a Bull Flag.
A bearish flag is known as a Bear Flag.
How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.
This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.
Trading suggestion:
There is a possibility of temporary retracement to the suggested support line (14.730).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 17.978
TP2= @ 19.619
TP3= @ 22.431
TP4= @ 26.000
TP5= @ 29.460
TP6= @ 33.744
SL= Break below S2
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💡Don't miss the great buy opportunity in USDJPYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (107.800).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 108.531
TP2= @ 109.201
TP3= @ 109.757
TP4= @ 110.385
TP5= @ 110.859
SL= Break below S2
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💡Don't miss the great sell opportunity in USDJPY". There is still a possibility of temporary retracement to suggested resistance line (107.807).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 107.298
TP2= @ 106.943
TP3= @ 106.687
TP4= @ 106.238
TP5= @ 105.837
SL: Break Above R2
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💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (505.89).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Take Profits:
TP1= @ 557.48
TP2= @ 585.32
TP3= @ 613.19
TP4= @ 671.41
TP5= @ 717.24
TP6= @ 763.13
SL= Break below S2
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💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1744.50, resumption of uptrend is expected.
We make sure when the resistance at 1790.00 breaks.
If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1744.50 is broken.
Technical analysis:
There is a divergence in RSI and price between the trough at 1676.7 on 2021-03-08 and the trough at 1677.8 on 2021-03-31, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
A trough is formed in daily chart at 1677.80 on 03/31/2021, so more gains maximum to Major Resistance (1790.00) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 60.
Take Profits:
1762.55
1828.25
1875.15
1959.30
2075. 05
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💡Don't miss the great buy opportunity in DASHUSD
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (327.80).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DASHUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Take Profits:
TP1= @ 385.00
TP2= @ 420.00
TP3= @ 461.19
TP4= @ 545.00
TP5= @ 617.37
SL= Break below S2
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💡Don't miss the great buy opportunity in BNBUSD
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (523.12).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Take Profits:
TP1= @ 585.32
TP2= @ 613.19
TP3= @ 671.41
TP4= @ 717.24
TP5= @ 763.13
SL= Break below S2
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Does BSV have the support to go to $300/$400 this week? I'm looking at the weekly candle. Wow does it look like it's getting ready for blast off. It made a lower wick during the beginning of the week now it looks like its going upwards.
I wonder What price to sell 20% of my holdings at, then to get back in on the new low.
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.25400).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 1.27350
TP2= @ 1.28300
TP3= @ 1.29550
TP4= @ 1.31000
TP5= @ 1.34200
SL= Break below S2
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MARSUSDT : Last opportunity to go for long!MARSUSDT is looking for great buying opportunity, to make some heavy chunks of profit. Now or never