BTC/USD: a top?
It seems that BTC/USD formed a “double top” after it had met resistance at the 61.8% of the 2017-2018 decline in the 13,500 area.
EUR/JPY: euro is hunting sharks
Recommendation:
BUY 130.10
SL 129.55
TP1 130.90 TP2 132.00 TP3 133.40
On the daily chart, bulls counterattacked after EUR/JPY reached 161.8% target of AB=CD. They managed to return the pair inside the previous consolidation range of 129.15-132.15. If the pair moves to its middle, it will trigger a “Shark” pattern with 88.6% and 113% targets and “Shakeout-Fakeout” pattern.
On H1, if EUR/JPY rises above the upper border of the downtrend channel, it will increase the odds of the pair getting to 88.6% and 113% of the “Shark”.
Ivan Karamazov
Similar
XAU/USD: what’s the pattern?
XAU/USD soared in June but didn’t manage to get above 1,440. Is there a pattern on the chart?
USD/CHF: short at higher levels
The pair may hold at the support in the 0.9820 area for some time and try to test levels around 0.9870/90.
Latest news
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone
GBP/JPY reversed from resistance zone Next sell target - 149…
EUR/USD: no any reversal pattern so far
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Deposit with your local payment systems
