Reaching a significant area of trendline resistance, price could now be in for a potential reversal..
Price is at a decision point currently, & at a supply level. Will be watching for a break to the upside or a rejection for a higher low to form.. Retail sales shortly may present a trade opportunity
Bitcoin has had another great run from 6k, we paused a bit around the 8k zone before smashing through 9k and finding sellers in the 10k zones. It is not surprising that 10k has come into play as resistance, it was a major support a while back. In my opinion we are looking at minor correction in the market and possibly a opportunity to buy the dip. I am long on...
DXY SELL ON RISE 89.22 TG OPEN SL89.49
USDOLLAR SELL ON RISE 11602 TG 11528/21 SL11628
Price respecting support, but has entered a small period of consolidation. A break to the upside out of the range will give us new highs as price has kept up its bullish momentum since bouncing off 88.60 Monthly support
After being stopped out last night, price is now at a decision point for gold.. We have reached the descending trendline, now I will either watch for a rejection or a break or resistance & retest for continuation to the upside as price looks to be breaking structure. Patience is the key!
USDJPY is pretty close to my target posted on November 2nd, so you can see how one of my best trades of 2017 had been working out without any nervous. "Stick to your plan until you get there". Don't forget the main plan on the next chart... Learn how to beat the market as Professional Trader with an ex insider! Have a good Trading Week! Cream Live...
Potential inverse H&S pattern here, now waiting for a 4 hour closure above the zone price is testing now for potential buy opportunities ..
In consolidation.. Watching for a breakout in either direction
Watching for a break either direction. Price does look to be getting ready to repeat its self though.. Will wait & see :D
Potential setup lining up here, previous support now turned into new resistance, & 1325 is also a strong daily level.. Will look for a break of the 38.2 fibonacci level or a reversal candle for potential shorts down to 1300 where I feel price could potentially cause a reversal.
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Interesting setup here on one of the exotic pairs. Price looks to be making higher highs & lows after bouncing off weekly support. Abcd pattern in play respecting its 4 hour trendline, watch price once reaching the daily descending trendline for a potential break to the upside or bounce.
Price moving down nicely, now waiting for a breakout in either direction for a better insight of where price is headed next. I think a potential break to the downside is likely, but I will trade what I see & not what I think : ) Trade with care!
Counter trendline breakout, plus bullish engulfing break of resistance. Good chance here to go long on the pullback before a continuation to the downtrend
Potential setup here, making lower low & lower highs.. Pull back to the 50% news after pound news yesterday, now watching for a break of the CTL for potential shorts. Price is back under weekly support keeping an eye on this