LONG idea. Bullish Gartley pattern on D1 time frame. This will be a swing trade, please wait for price action around the zone 108.0 for buying opportunity.
major support from 1.2325 2008 crisis served as beautiful rejection for price, and we saw a huge bearish close on the daily. Price is now once again trapped within the ascending channel. Overall trend is still bullish on the daily TF, however, after bouncing from this key level (1.2325) and closing below on the daily, I look for selling pressure and a short entry....
LONG TRADE IDEA. AFTER CATAPULTING ITS WAY THROUGH 2017, BTCUSD HAS BEEN IN A CORRECTION PHASE AFTER ACHIEVING MAJOR PSYCHOLOGICAL LEVEL $20,000. IT HAS BEEN STUCK IN RANGE OF 13K TO 18K FOR FEW DAYS NOW AND IS FORMING A BULLISH PENNANT STRUCTURE WITH MAJOR SUPPORT ZONE BETWEEN $12,300 AND $12,800. LOOK OUT FOR A POTENTIAL BREAK OUT OF BULLISH PENNANT STRUCTURE,...
WE SEE HERE USD JPY BROKE WEEKLY SUPPORT AT 112.07.
PRICE HAS ALSO CLOSED BELOW MAJOR LEVEL 111.O
WAIT FOR PRICE ACTION HERE TO CHECK FOR POTENTIAL REBOUND TO 112 WEEKLY OR IF PRICE BREAKS OUT TO 110.2 MONTHLY SUPPORT AND 108.1 IN LONG TERM
FORGOT TO POST EARLIER. BUT AS WE CAN SEE GBP USD IN UP CHANNEL. ADDITIONAL DOWNTREND BROKEN. FURTHERMORE PRICE BROKE OUT OF AND RE-TESTED FALLING WEDGE WITH KEY SUPPORT LEVEL DIRECTLY BENEATH AT 1.355 HANDLE, PUSHING PRICE FURTHER UPWARD. USDOLLAR IS WEAK AND I EXPECT PRICE TO BREAK THROUGH 1.4 HANDLE, BY END OF NEXT WEEK. THERE IS A MONTHLY RESISTANCE IN 1.42355...
Here the USDCAD could not break zone 1.26 and fell back down 100+ pips. CAD data will be released tomorrow and this can be expected to drive this pair further down into newer lows. I will take short entry on this pair if daily closes below 1.245 support which is also close to the fib retrace.
Short. Price has broken uptrend and is trading below major support zone 80.5 - 80.6. Price has bounced off of fib level and if price can close once again below this zone we will look for short entry to our next fib level at .618.
LONG POSITION. THE USDOLLAR CONTINUES TO SHOW WEAKNESS. DESPITE POSITIVE OUTLOOK OF CPI CORE INFLATION TODAY, NO MAJOR PULLBACK WAS FOUND AND THE EURO CONTINUES TO APPRECIATE AGAINST THE DOLLAR. PRICE HAS BROKEN THROUGH A MAJOR RESISTANCE ZONE BETWEEN 1.205 AND 1.21, CLOSING ABOVE ON DAILY TIMEFRAME. THERE MAY BE SLIGHT PULL BACK TO THE TOP TREND LINE BUT THERE IS...
