As we can see, BTC broke through the resistance line, but then the price fell again. Most likely, the price will drop to the triangle support level, bounce and test the resistance line at $ 60,000 again. Most likely, a breakdown of resistance will occur and the price will consolidate above $ 60,000.
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Trading Signal - I can see GBPUSD price will start to fall to the support level to complete the retest, Wait for price action before making entry long.
I can see GBPUSD price will go up to 1.425 area - Weekly Resistance Level
Trade at your own risk
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EURGBP has found substantial support just above the 0.91000 even-handle number. Price is ranging above the level and then Daily structure shows that the Bullish outlook on the pair is probable as the structure remains Bullish. We can expect EURGBP to find enough liquidity to retest June's High this year at around 0.91754. We can look to go Long if the 4H breaks...
Confluences as annotated. I usually only target up to the -27% fib extension, but on the daily time frame we are within the third swing of the uptrend. The -27% fib extension target for the current daily swing is beyond the pink level of resistance, so extended my target in line with the daily trend.
The 124.750 highlighted region is looking to give way relatively soon. On Friday we saw a breakout of the counter trendline followed by a retest which managed to hold back above, currently the top highlighted region is providing some strong resistance however, once we do see a strong push to the upside the probability of pushing higher into the target region of...