as more speculation arises around bitcoin we can expect the price to push up after it being dormant for some time
may break support to take out long retail traders then push back up to wash out the retail traders that shorted so that the institutions can easily manipulate and push prices up.
usdjpy on a strong downtrend one last push before the prices reverse
Bearish Channel formed Confirmation of a push back down to the support Follow this until the price reaches the support and look to exit
EURUSD forming a double top so expect a reversal within the next 48 hours
With an interest rate decision coming out at 1500 hours we can expect the USDCAD pair to carry bearish momentum as the Canadian dollar is expected to come out positive after the interest rate decision.
On the H4 timeframe, there is a break in the double top pattern which is indicated by the black line on the chart. At 0300 hours there will be an interest rate decision on the Japanese Yen so expect a bullish momentum in JPY pairs.
Rising wedge formed with a few bullish candles breaking out. However, the most recent candle is carrying bearish momentum, hinting a possible retest before the full breakout comes.
A stable support and resistance zone has formed which we can take advantage on and go short on once we get a confirmation of successive bearish candles on smaller time frames.
Triple top which is marked by the horizontal black line signals a reversal which has been confirmed. Although this entry may be late there are still some pips that can be caught and to be safe the TP is at the previous low.
Previous falling wedge and a confirmed reversal has come out of it. Look to buy with your TP around the previous high.
Falling wedge patterned formed with confirmation of a reversal. Manufacturing Production news coming out at 0700 hours on the 14th of July which is projected to have high impact on GBP pairs. Expecting a bullish push within the next 24 hours.