Amid possible crisis upheld dollar is supposed to weaken further, from a fundamental point of view.
my research shows the selling pattern that formed from April considering the double top formation that triggered the huge selling orders continuing to the next 2 months, as in these 2 months the news releases indicate the further sale and the same pattern has been...
we have a 1D buy strong support that means a buy signal at 1d Time frame. looking for an entry in lower time frame here i can see a potential entry before london session to get in lower time frame at lower spreads. recheck yourself and get the entry. #Growtogether
The formation of an inside candle resembles the future strong movement in daily trends. Can expect a downward movement of at least $10. This strategy works maximum in gold. Can refer to my earl y xauusd post-trading with the same strategy.
Fundamentals - 80% short on the currency do refer MyfxBook.
The pair is currently in downTrend
Technicals - We can refer the Chart Anaylisis
Use fixed volume range that also indicate us the down trend.
There is a divergence created
Pump Incoming Situation for Shiba. There recent 2 pumps which gave around 400 % returns. again there is the formation of a triangle pattern we believe there would be a pumping situation giving us around 300% returns in 2 weeks. Lets fight ShibaArmy
Going short on ethusd as there is the formation of bearish flag pattern and even there is strong resistance at 2150 level. From a longer perspective, I see a great fall from the retail side, but if we see from an institution view there would be a reversal for a short time period to show a reversal but again there would be a trend continuation.
GBPAUD has been in a downtrend since the 6th of April. In the following month, it has made a good supply zone which has been testing multiple times as you can see in the chart.
Now it is a high time as the volume is showing the upcoming uptrend as past few days the market is not ready to short so we can see a buying or bull sceneario here.
Please make your...
We can see a invert double top Pattern in 1D time frame. according to me we would see an upward movement as the recent upward movement is made by the institutional bodies all the volume and the trend depends on today tomorrow economic calendar forecast and actual results.
Technical Analysis shows an uptrend in the market to come as after a sharp drop from 18 April 2021. prices are in the area of the very strong support area. Any big negative news can make the price drop lower, then we would see a blood bath in Bitcoin. but i wish we will see an uptrend.
just look for the resistance once it gives a breakout then we can see a retest and then an upward momentum, for an entry just wait for a retest, or if it goes strong bullish buy at the dip. if the resistance does not give a break out short the position after a retest a confirmation.