After being in a range zone for nearly a month I feel this pair is ready to take a bearish direction.
-Range has broken to the downside and been retested
-Moving average and fibonacci level align with the retest of the range zone. (4H)
-Price action closed below the moving average at 2pm closure. (1H)
Stoploss - Above weekly resistance @ 147.500
Targets -0.27...
USD/CAD has been in a bearish channel for the last 2 months creating a series of Lower Highs and Lower Lows. The Lower Highs have allowed me to drawn in a descending trendline where price has just touched for a 4th time. This is the first confluence that drawn me in to look for a short opportunity. Alongside that my weekly resistance/psychological number (1.3100)...
After being in a consolidation phase for around 8 weeks now I believe EUR/USD is ready to shift its sideways momentum to the downside. Price action has failed to break the 8EMA numerous times on the weekly timeframe with several spikes through however never managing to close below. On multiple timeframes the MA's are facing to the downside showing bearish price...
Usd/Cad
After breaking above the 8ema on the 8H timeframe and the moving averages crossing over on the 4H, price has now broke and closed above 1.2900 resistance signalling a bullish outlook on this pair.
Target set @ 1.3000 resistance which is also psychological number I believe price will be drawn to and also a 61.8% retracement. Once 1.3000 is met if a...
Nzd/usd has presented us with a short setup during this bearish trend.
Price action has reversed from my weekly resistance in addition to aligning perfectly with my reversal fib zone creating a new lower high. Before entering short on this pair I wanted to wait for a clear reversal and a break and close of the 8ema on the 4H timeframe which has now been achieved....
After a break and close through the 1.2290 daily resistance towards the end of Fridays session this has given me a bullish outlook on this pair. Alongside the MA's facing to the upside on the Weekly, Daily and 4hr timeframes I believe this will give Euro/Usd the push it needs to reach the next major resistance level @1.12400 which is aligned perfectly with my 61.8...
After XRP has been hovering around the $0.90 region for the last week or so it finally broke to the upside smashing straight through the $1 region and straight through my descending trend line with a 4hr close above and a retest showing me the coin is about to take off!
The MA's on the 4hr are bullish and on the daily they are about to crossover to the upside...
Bitcoin - On the daily timeframe we have a valid tend line dating back from the 15th December 2017. If the price breaks the trend line I will be extremely bullish with short term targets @ $12,700 and a longer upside target @ $24,500
Price action is being driven towards the trend line for a 4th time after the moving averages bounced off the $10,000 resistance...
