H1: - Structure: Downtrend - Tendency: Downward - Bearish Flag - break of flag trendline => SELL
H1: - Structure: Downtrend - Tendency: Downward - Rejection of Resistance at fib level - Break of trendline - bearish triangle pattern => SELL
H4: - Structure: Uptrend - Tendency: Uptrend - Rejection of Resistance and 50% fib level - Candle: Morning Star => BUY
H4: - Structure: Downtrend - Tendency: Downward - Rejection of Resistance and 61% fib level - Candle: Bearish Engulfing - Pattern: Rising Wedge => SELL
Let’s Hear your View What’s your take on this huge bearish divergence on BTCUSD. Do you think the price would move Up or Down or maybe Break the Uptrend Channel? Send in your Views and let’s discuss!
H4: - Structure: Downtrend - Tendency: Downward - Rejection of Trendline Resistance and 61% fib level - Candle: Evening Star => SELL
H4: - Structure: Downtrend - Tendency: Downward - Rejection of Dynamic Resistance and 50-61fib level - Candle: Evening Star/ inside bar => SELL
H4: - Structure: Temporary Uptrend - Tendency: Up - Bullish Flag - break if flag and resistance => BUY
M30: - Structure: Downtrend - Tendency: Downward - Bearish Flag => SELL Stop @ 2.00405
H4: - Structure: Downtrend - Tendency: Downward - Rejection of Resistance and 50% fib level - Candle: Evening Star => SELL
Full details on chart ———————————— BUY NZDCAD SL @ 0.86442 ⛔ TP1 @ 87004 ✅ TP2 @ 0.87566 ✅ —————————————— Use normal risk
Full details on chart
A close below current support level would push price to go lower, possible reaching $8200 level, would be very much advisable to follow position with a trail stop as this is a counter trend trade. Full details of trade on chart
Full details on chart, sell with minimal risk