Weekly head and shoulders pattern. Anticipating the price the close below the support before going towards 12000 as predicted a couple of weeks earlier.
GBPJPY and all other major forex pairs seem to be on a bearish trend. GBPJPY has closed at a major 4hr key level which may mean that the probability of going bullish may be a good decision if we get a good bullish engulfing candle. Currently, on the 30 mins timeframe, the price has closed below support and hasn't given a proper retest nor a fib entry. This may be...
ETHEREUM/USD continues its bearish trend creating lower lows and lower highs and it may not start an uptrend as long as a news comes out such as Tesla accepting bitcoins or other cryptos. BTCUSD and ETHUSD continue to move in the same way therefore if the price of BTCUSD increases, the price of ETHUSD will increase too.
The candle seems to close below the support...
GOLD has been bullish throughout the previous month and probably continue its uptrend until the cryptocurrencies skyrocket back to its previous prices.
The price broke above the resistance and retested it as a support hence i waited for a bullish candle which gave me more confirmation to go long.
Price first acted as resistance and broke through it and retested as a support which is a typical textbook trade. Moreover the sma's are indicating that the trend is bullish on the higher timeframe.
EURJPY is in an uptrend which may bring in many buyers at the retracement zone when it creates higher low. However, when the support breaks, it may be a potential chance for a sell as there is a clear traffic on the left which may be reflected on the right too causing a mirror image. However if the price breaks above the resistance, there will be a potential entry...
