EURUSD has reached a major resistance level at 1.24382 price level. it had consolidated for almost 2 days showing countless rejections when price tried to go bullish then price had dropped down to the 1.23313 support price level. Price had started to go bearish however it went back up for a retest , I'm hoping that price would go down towards the 1.22284 Support ...
XAUUSD is at a Major Resistance Area , Price Seems to always reversal going in a bearish within that area however the market has disrespected the trendline by price breaking out of it , it could possibly go in a bullish direction towards the Resistance Zone! if so , price would retest back on the trend line and head up!
I wouldn't place a trade on XAUUSD at this ...
If stopped out on the break below the first support at 11385 it
means a small win of a couple of hundred points overnight.
This is the reason we use stops. But Bitcoin is back in the buy
zone and looks good to buy again ay 10600 and down to 10500
on any dips from here with a stop below 10450
there is 5000 to 9000 points of upside potential and ...
1.Daily resistance in control
2.Support broken Resistance valid (Opposing zone breached) (Strong Indication)
3.Profit margin 1:5+ (could hold if there any sign of reversal
4.No major support until 1.62400 (retest) touched multiple time bound to breach
5.Bollinger band no were near Resistance zone which shows a greater probability of reversal
Will resistance be respected or ?
- Major bullish engulfing candles in the mix.
- EMA's look like they may cross soon indicating a change of trend.
The next candle close could tell us what we need to know.