empty
 
 
09.02.2023 10:01 AM
BTCUSD Potential For Bearish Drop to overlap support

This image is no longer relevant

Description :

Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.

Looking for a sell stop entry at 22545.80, slightly below where the intermediate support is to ride the bearish momentum. Stop loss will be at 23439.00, where the recent high is. Take profit will be at 21310.00, where the overlap support is.

Trading Recommendation

Entry: 22545.80

Reason for Entry: Slightly below where the intermediate support is

Take Profit: 21310.00

Reason for Take Profit: Overlap support

Stop Loss: 23439.00

Reason for Stop Loss:

Recent high

XAUUSD, H4 | React off resistance level?
The XAU/USD chart exhibits bearish momentum, indicating a downward price trend. The presence of a major descending trend line contributes to this momentum. The potential for a bearish continuation exists towards the first support level at 1937.01, which has previously acted as a support level. The.
Autore: Dean Leo
01:18 2023-06-09 UTC--4
1480
EURUSD , H4 | Bullish continuation expected?
The EUR/USD chart displays bullish momentum, suggesting a positive bias in price movement. There is potential for further upward movement towards the first resistance at 1.0822, a significant level of overlap resistance accompanied by a 38.20% Fibonacci retracement. Pullbacks may find support at.
Autore: Dean Leo
01:14 2023-06-09 UTC--4
1150
GBPUSD , H4 | Bearish Divergence ?
The GBP/USD chart shows a bearish momentum, but there is a major ascending trend line that suggests possible bullish momentum ahead. In the short term, the price may drop to the first support at 1.2467, which is a significant level with pullback support and Fibonacci retracement. The second support.
Autore: Dean Leo
01:09 2023-06-09 UTC--4
1135
Mostra di più
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.
Widget callback