• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

Waiting for Bearish Breakout to Support

Started by forex4you, Oct 19, 2022, 01:04 pm

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Print
Go Down Pages1
User actions

forex4you

Oct 19, 2022, 01:04 pm
Waiting for Bearish Breakout to Support




Waiting for Bearish Breakout to Support




Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Michael_Harding




Currently price action consolidates on the daily timeframe as traders wait for the wedge breakout. My guess is that we’re more likely to break lower as US inflation continues to rise pushing the USD higher and thus BTC lower.


If we get the breakout, personally I’m not interested in chasing the train but will wait for potential buying opportunity around the area I illustrated on the chart.


Source: Waiting for Bearish Breakout to Support
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com
User actions
Print
Go Up Pages1