Technical
Is the Pound Dollar flipping bullish?Could we be nearing a bottoming range for the GBPUSD chart? We've been downtrending for a year and 2 months however we can see that the RSI is failing to put in new lows, this could be suggesting that we are well overdue for some bullish price action or at least a relief rally.
Let's keep an eye on this chart and see when our Supertrend flips green as its historically been a great indicator for detecting shifts in mid to long-term trends.
EURUSD BULLISH SIGNALEURUSD
bullish signal
technical analysis
entry on london market
- we can see clearly a break of structure , retest and engulfing on the 5m chart , i use multiple confluences , previous market structure , psychological levels
, smoothed moving averages 14 and 7 , and i like to have big RISK TO REWARD ratios in every trade i take.
i put stop loss at break even in the 50% of what im looking for in this case is 1.00000 price ( psy level)
MATICUSDT analysis matic 1d time frame.
the matic pullback has completed itself and is falling to the specified support area.
⚡️BTC DAILY UPDATE⚡️As BTC broke below the significant lower trend line support and it's forming a scary picture currently from the bulls' perspective.
Here bulls need to take charge and we need a daily close above the lower trend line resistance to grow above the price level of $25k.
If the Current candle closes below the resistance level then it can move down again towards the lower price level of $18500 which is also a support zone and it needs to hold it.
Let’s see how it goes in the upcoming hours and whether it will be able to move upside down or not.
Thank you.
MY THOUGHTS ON GBP/USDIn my analysis of GBP/USD on the 4 HOUR CHART, I forecast that price is moving BEARISHLY toward Monthly Support. For price to move toward price 1.14112, price would need to break and retest monthly support. If price does not break monthly support, price will move bullishly toward weekly resistance.