EURUSD broke out of the upper trendline.
Prices then faced selling pressure and retested the upper trendline resistance turned support.
We can expect EURUSD had potential towards the upside, as long as the upper trendline resistance turned support hold.
However a close below 1.13 will cancel out this analysis.
Plan your trade and trade your plan.
Lets see how this rolls out, XMR looks promising for a quick skim around here - I predict it will bounce off the 200MA but if it breaks through it could be even better.
RSI signaling oversold on daily and hourly - while showing bullish flags.
First: a Rejection from the downward trend-line
Second: Fibonacci extension has been met in the previous downtrend to 3240. A similar structure will lead to 2950 zones, where a strong correction is predicted to occur.
This is a long trade on teh NZDCAD pair. Daily is in an uptrend and respecting the trend-line (that I drew on the daily chart). Also this is supported by a strong horizontal S/R line which it is now testing from the upside.
Daily has printed a bullish engulfing candle and if it stays like this at the end of today's daily candle close then this would be a valid ...
btc looks to be completing the extended 5th wave of the bearish structure. I am expecting a little further downside to finish this before some sort of a correction and then most probably another wave down.