If btc touches the next support zone and the next candle appears to be a buying candle. Then we will be ready for a long term buy. probably up to $20k. breaking the second resistance($13.2k) and going to meet up the the first resistance. And which will be the second of it kind.
After the break of the ressistance $1317.19 we go straight to the $1345.00 zone and close the trade around $1342.00. Now we have to wait if the market has a bull momentum the price can touch $1355.00. But we need a clear break of the $1345.00 zone for expecting new HIGHS. Anyway now its time to wait. Good vibes
Gold has approached a long term trendline will be watching for break or bounce scenario
The EUR seems to be losing a bit of steam against the CAD and has given us a short order at 1.4847. Our first profit area will be at 1.4787 where we may take some profit. We have a trailing stop in place at 120 points but that is only in place for if there is a unexpected market event. We will have updated stop orders as the trade progress. After profit 1 we will...
Daily TF showing retracement possible completion
Need a breakout of DAILY KEYLEVEL & possible retest from the other side (0.7202) before placing SELL trade.
EURUSD has finally made its pullback. I have taken a position at the yellow supply/demand zone. I am taking a tight loss and expecting eur to fall after FOMC.
USD/CAD Potential further downside continuation based on the 'trend continuation startegy, which also couples up & coincides with our Bearish analysis based on our trend-following strategy. Our current analysis based on 'trend-continuatuion' shows price currently ranging within an intra-day pattern. There are two potential scenarios here that we will be looking...
Break below 25.65 putting focus on the 25.40, (50%) Fibonacci retracement of the 2016-2017 rally. An unexpected close above 25.65 will help to stabilise prices. Bear signal from 26.15 intact. Stop lowered to 25.71
The anticipated break lower has been seen, with EUR/USD extending the November bear trend to reach 1.0400. Support is appearing at 1.0350, just above the 1.0330 year low of January 2003, as oversold momentum studies unwind, with a corrective bounce now highlighted as short-covering develops. Congestion around 1.0600 is expected to attract, with a break opening...
AUD/JPY has been in a downtrend on the 4H chart for the last 3 weeks, the down channel being a corrective structure of a bigger uptrend. Now we are looking on the price breaking out of the channel, suggesting a changing in forces on the market towards bulls side. Long positions will be initiated if the price re-tests the downtrend channel or broken support...
After the sharp move down, we see a rising wedge forming on H1/H4 charts. This type of wedge is usually a corrective structure, before continuation of the move (in this case a move down). Short positions could be initiated if the price breaks the bottom trend line (a good idea might be waiting for a confirmation of the break, by testing the broken trend line)....
Weekly is bullish with price forming higher highs and higher lows. Currently price is consolidating a bullish leg from 0.7600 on the back of Brexit. The daily 20 ema has been respected very well as dynamic support with today's bullish engulfing candle breaking higher and closing over the range of the last 16 days. In addition to this short term CTL resistance has...
As we've stated in our previous analysis, we expected AUDUSD to continue rising towards its 61.8% retracement level. But price declined to as low as 0.7330. We still anticipate aussie to rally to 0.7570 before trending down. A break from its bearish channel (red) would give us a clue.
GBPAUD Long -Great Risk to Reward here -Strong down trend here -ABCD Structure posible in play -FIB levels act as great targets -Only entering this at the break and close on the 1h timeframe of the blue trend line -Watching the MAs for the blue to move to the upside -Key weekly support level of 1.9400 and psychological level is important if this holds, another...
As we can see eurjpy is clearly in a downtrend displaying continual lower highs and lower lows. Price came down to test and bounce off the 126.1 support level and is currently retracing to our critical "acceleration zone". our confluences for this acceleration zone: 61.8 fib level, major resistance,descending trendline and 200EMA so we are anticipating a pullback...