EURUSD Long Pattern Head and Shoulders on H1 timeframe
The pattern Sperandeo has finished its race, now all attention to fibonacci retracement, price is between 23% ($42364.01) and 38% ($37175.93) levels. There are some thoughts that Amazon is going to use BTC ad payment method, this fundamental factor pushes BTC to bullish direction, so our next target is $48285.52 Please check my previous post ! Have a great...
Pattern Sperandeo has worked well and the most of our targets has been reached. Now it is time to calm down and make new decisions. We need to mention that Bloomberg has published news about Elon Musk, that Tesla will again except BTC, however now we it is very risky to go long on cryptos. It is better to follow T4 resistance level and than make some...
As I have mentioned yesterday pattern Sperandeo has worked well and started its rally to T3 and T4 resistance levels. First target T2 was successful reached. Remind -you can trade between this trendlines. I recommend to fix profits after every cross.
Pattern sprandeo is one of the most popular pattern and s giving an amazing opportunities for trading. In our case this is bullish paterns and every trendline is resistance target. We can trade beetween this trendlines. I recommend to fix profites after every cross. For the long term Sperandeo predics change of trend, specially when it is on a long term...
The pattern triangle was crossed to the bearish direction, however there is no strong fundamental support for strong dollar as FED's Jerome Powell's speech was dovish last week. We need to wait during Monday and figure out market sentiment, this is now crucial to make weekly trading decisions. Targets: Resistance N2 - 1.1880 market open for this...
New triangle pattern inside trend channel. This pattern gives another opportunity for trading, let's wait for point 5 touch. Targets: Resistance N2 - 1.1880 market open for this week Resistance N1 - 1.1836 (Daily low for July 12) Support N1 - 1.1770 weekly low price for this week Support N2 - 1.1711 Monthly low News US to follow: 12:30 Core Retail Sales...
The pattern triangle gives and amazing trading opportunity, usually pattern is crossed on point 5 (In our case price must cross T1 trendline), however we need to wait and trade to both direction. If price will cross T2 then it is a very good signal to short BTC and opposite after crossing of T1. Key levels: Resistance N1 34339.86 Support N1 31546.24
On CPI news yesterday dollar has gained a bit to 1.1770, however this is very short term impact on the market. To short EURUSD (Bet on dollar) we need more arguments as economic situation in the Eurozone is also positive. 1.1880 is an open price for this week. At this stage it one of the most important target for buyers Check out the pattern Trend Channel by T1...
Check out previous linked post
Pattern ABCD or just a Trend Channel. This pattern may be crossed on fifth touch, so we have an opportunity to trade from D to E (4 ->5) point Another bearish pattern Wedge, which signals short after crossing of T3 trendline
However wait for press conference
I have done s live analysis with you, hope this information will be useful for you. Let me know if you will have some questions. Also check my previous analysis on BTC
Voice ON ! Live analysis ! Live video analysis. You can request analysis for any trading instrument. I will be more than happy to do it for my listeners ! Terms and short forms! T - Trendlines (T1,T2... etc.) S - Supprt levels (S1,S2... etc.) R - Resistance levels (R1,R2... etc.) TP - Take Profit SL - Stop Loss F - Fibo Levels (F23,F61... etc.)
Live video analysis. You can request analysis for any trading instrument. I will be more than happy to do it for my listeners ! Terms and short forms! T - Trendlines (T1,T2... etc.) S - Supprt levels (S1,S2... etc.) R - Resistance levels (R1,R2... etc.) TP - Take Profit SL - Stop Loss F - Fibo Levels (F23,F61... etc.)
Price was moving exactly as I have posted. Now next target is Fibonacci level on 76% - $16101.98, which can be reached in next 10 days. The up trend is very stable and strong, I can not see the argument to short BTC now. Extra motivation for rising is bullish pattern Right Triangle (T3-T4) Terms and short forms! T - Trendlines (T1,T2... etc.) S - Supprt...
Pattern Wedge on NGN, but take in mind that this is monthly timeframe and of course long term analysis. Based on technical indications NGN can correct its trend against USD to 349.77 in next 5-6 months. Anyway price can gradually decline to 360 before christmass holidays\ Terms and short forms! T - Trendlines (T1,T2... etc.) S - Supprt levels (S1,S2......