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Analysis of BTCUSD 05.12.2018

 

BTCUSD 05122018

 

The price is below the moving average 20 MA and MA 200, indicating the downward trend. 
MACD is below the zero level.
The oscillator Force Index is below the zero level.

If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 3480.5
• Take Profit Level: 2956 (52450 pips)

If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 4398.26
• Take Profit Level: 4556.26 (15800 pips)


GOLD
Possible short position in the breakdown of the level 1229.00

USDJPY
Possible short position in the breakdown of the level 112.50

EURUSD
Possible long position at the breakout of the level 1.126

GBPUSD
Possible short position in the breakdown of the level 1.265

 

 

Author: PaxForex

Read 582 times

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