Forwarded from The Ace Trading (Free Forex Signals)
BITCOIN (#BTCUSD): Can 100K Support Hold Strong? A Pullback in Sight
Bitcoin may experience a rebound from a significant daily historical support level.
Following its test, the price formed a double bottom pattern on an hourly timeframe and has successfully broken above its neckline.
I anticipate a bullish movement towards 104,000.
Bitcoin may experience a rebound from a significant daily historical support level.
Following its test, the price formed a double bottom pattern on an hourly timeframe and has successfully broken above its neckline.
I anticipate a bullish movement towards 104,000.
Forwarded from The Ace Trading (Free Forex Signals)
#EURAUD: Local Bullish Reversal?!
I spotted a notable bullish reaction to a significant daily/intraday horizontal support level on πEURAUD.
Following a test of the highlighted blue area, the price started to consolidate, forming a horizontal range on the 4-hour timeframe.
The resistance of this range is broken which we interpret as a significant indication of buyer strength.
We can now anticipate a bearish continuation, at least towards the 1.7800 level.
βββββββββ
4-hour time frame
βββββββββ
My broker π
https://one.exnesstrack.org/a/u0exuwlj08
I spotted a notable bullish reaction to a significant daily/intraday horizontal support level on πEURAUD.
Following a test of the highlighted blue area, the price started to consolidate, forming a horizontal range on the 4-hour timeframe.
The resistance of this range is broken which we interpret as a significant indication of buyer strength.
We can now anticipate a bearish continuation, at least towards the 1.7800 level.
βββββββββ
4-hour time frame
βββββββββ
My broker π
https://one.exnesstrack.org/a/u0exuwlj08
Forwarded from The Ace Trading (Free Forex Signals)
#EURCAD: Technical Outlook
πEURCAD formed a significant inverted head and shoulders pattern on a 4-hour timeframe.
The neckline for this pattern is identified between 1.6226 and 1.6210.
Should the price successfully break and close above this neckline, it would indicate a strong bullish signal.
In such a scenario, the market could potentially advance towards the 1.6560 level.
Please note that the neckline currently acts as a robust demand area. Shorting opportunities should only be considered after a confirmed breakout of this level.
βββββββββ
4-hour time frame
βββββββββ
My broker π
https://one.exnesstrack.org/a/u0exuwlj08
πEURCAD formed a significant inverted head and shoulders pattern on a 4-hour timeframe.
The neckline for this pattern is identified between 1.6226 and 1.6210.
Should the price successfully break and close above this neckline, it would indicate a strong bullish signal.
In such a scenario, the market could potentially advance towards the 1.6560 level.
Please note that the neckline currently acts as a robust demand area. Shorting opportunities should only be considered after a confirmed breakout of this level.
βββββββββ
4-hour time frame
βββββββββ
My broker π
https://one.exnesstrack.org/a/u0exuwlj08