Hello Traders, its almost month end and i hope you had a successful trading month.
Let's take a look at EURJPY which was in an up trend and later formed a descending channel since April.
Price has tested resistance twice and currently for the third time, there is rejection and bearish pressure for a drop to support...
So we can see an opportunity to take a sell/short with stop loss above structure at resistance and profit at support as indicated on the chart...
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Thank you.

Hello traders, i hope your week is going well... Here is another chart breakdown on BTC USDT...
On the weekly chart, the pair has been on a downtrend for sometime and currently struggling at the support (on weekly timeframe).
A careful look at the 1hr to 4hr time frame, there is an ascending channel and that indicates a trend continuation.
Currently targeting the resistance as marked on the chart... Stop loss above resistance...

Hello traders, it's been a wonderful week for me and i hope u made some profits from our previous analysis.
i was blocked/banned while trying to make a post last week and i mistakenly added some forbidden words but i am back and and i hope u made some profit as CADJPY played out accordingly.
Currently, GBPJPY hit it's descending channel support last yesterday and immediately started another move towards the resistance...
This is another opportunity to go LONG today till the next coming week.
STOP Loss below the support, don't fail to trade with proper risk management...
For more free analysis, kindly like, share and follow...
You can also check out other analysis on tradingview.com with me - bluebellfxtrading

Go and meet a medical doctor and also meet a good man of God to pray and u take drugs

Will Price continue in the wedge and maybe a possible breakout to the upside for trend continuation or break out to the downside towards the weekly support?
This is another trading opportunity for crypto and Binance traders
Binance has been in a falling wedge on the 4hr after printing a head and shoulder pattern on the weekly timeframe...

EURAUD falling wedge pattern formed and breakout confirmed...
Entry at breakout and Stop Loss below the 1.618 fib level...
For more trading opportunities, check out bluebellfx.com

Hello traders!
Its been a while since my last post and today i wan to do a recap on my previous analysis so we see which pair is going according to plan and which is not...
#1 EURGBP - Head and Shoulders
https://www.nairaland.com/7054574/eurgbp-head-shoulder-pattern
EURGBP is still trying to break through the neckline, although there has been a retracement to the right shoulder and i stated that stop loss should be placed below the right shoulders so our trade is still valid...

#2 NZDCAD - Descending Channel
https://www.nairaland.com/7054692/nzdcad-descending-channel
NZDCAD has been playing along well, just as i analyzed but then our target is to get entry at the support. But for those that took the sale, with stop loss above the resistance can testify of catching nothing less than 250pips which is a big profit... for a 1lot position, dat is about $2500.
I would advise anyone still in this trade to take profit and wait for the next opportunity.

#3 BTCUSD - Ascending Channel
https://www.nairaland.com/7061870/btcusd-ascending-channel
Bitcoin is still dancing around around support level, the trade is still valid and we just have to wait and follow the market...

Will be dropping new setups shortly...

Bitcoin traders have been wondering about the direction of this golden crypto.
Speculations from fundamental traders due to news and world events is that the coin is going to drop to all time low.
Here is a professional and simple technical analysis on BTCUSD starting from Weekly - 4hr timeframe.
Bitcoin has been in an Ascending Channel since last year, constantly testing support and resistance as clearly seen on the chart below.
You maybe wondering, what if price starts falling from the current position all the way down?

Well that is possible but looking at the 4hr chart below, there is a trend reversal confirmation which is an Inverted Head and Shoulder Pattern. Whenever a Head and Shoulder Pattern is formed after a long move, take note that the trend is about to change.
Also, there is a test and retest of the Support level which price was unable to break to the downside.

Conclusively, there is a Bullish confirmation for bitcoin to continue going LONG/BUY towards the resistance at around $72,000.
Price actions and events may cause a drop but the overall target is the resistance as shown below.

**Please note that bluebellfx is not an investment platform and we will never ask you for money or account management... Bluebellfx is educational platform for those interested in learning and understanding the foreign exchange market.**

Here is another opportunity from NZDCAD for traders as it has been bouncing between support and resistance and forming a Descending Channel on the weekly and Daily timeframe....
Currently, the pair is dancing in a horizontal channel on the 4hr timeframe.
Watching this pair to see if BUYERS can push it to a breakout or SELLERS will make it continue in the channel.
Descending channel is a continuation pattern so the over all target is a breakout to the upside... As traders, we have to follow the market rather than force it therefore, after the breakout from the Horizontal Channel, trade setup can be ready for entry...

*Please note that bluebellfx is not an online investment platform, it is only meant for professional market analysis and educational purpose*

Thank you, just keep following our post and here on nairaland...

EURGBP has currently formed a head and shoulder pattern on the daily timeframe, neckline broken and provides traders with opportunity to BUY with Stop Loss below the 'Right Shoulder'. Proper breakdown and explanation can be seen on the chart...

**Please Note that bluebellfx is not an investment platform, it is only for professional market analysis and educational purposes*