Correction
EURUSD H1 analysis Like we said yesterday, the downtrend on EURUSD is still valid and the best trading opportunities will appear as soon as price confirms another downside push.
However, it is still early to enter short and expect to see a breakout of the previous low.
We are now waiting for the pullback to continue and trick us a few more times.
That's why we should reduce the amount of trades and position size before we see a clear setup.
We could potentially see a drop to around 0,9750 and then another push higher maybe taking price above the parity level.
The 200-week ma on SPX 500 really is working beautifullyDisclaimer:
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UPDATE to BTC BULLISH RALLY IDEA with bearish C in progressThis is an update to the following charts still in play, and playing out actually,
IF we see a strong rejection at 618 retrace of our last impulse down from 22850 to 18150, which is at the 21k area, coincidentally at the 100 daily simple moving average, I'd be looking to this count. We have had two confirmed drives of daily bull divergence on the RSI, and MACD crossing over bullishly on the daily. Stochastic RSI however is at its highs, and so how quickly it comes back down versus price is a key thing to watch for.
Overall concept considers the possibility of an ending diagonal C wave as discussed in the ideas linked above...
Potential Downside to NZDUSDHello Traders
In today's session I sell nzd / usd
Analysis
We have a bearish Impulse wave and we have a correction in the form of a Regular flat pattern and the price has reached the supply levels. There is a violent reaction from the sellers. We are now expected to get a bearish impulse wave that will break the bottom
Wait for rejection on EURUSDAfter a very definite downtrend, it's now time for a pullback on EURUSD.
Right now, we don't have any signals to sell yet.
Today, we need to observe and see how it will react between the levels of 0,9850-0,9930.
In moments like this, it is very important to show patience and wait for the right signal to enter a trade.
The downtrend continuation will be confirmed on a breakout of the previous low!