Following next week there will be a short Accumulation phase but never mind that. We will await after the retest of the Support Zone.
I still have an up-trend bias as we have completely broken the weekly trendline and have yet to retest it. Once the retest is over, may see a huge push to the up-side yet again.
After a full two weeks of an up-trending market, we finally come to a major resistance area. It's resting time.
We are patiently awaiting a retest of structure. Resistance turned Support
We may await of a retest of trendline structure first.
A clear break of the Ichimoku cloud and bullish cloud forming as well as the trendline break and potential retest, for now are just a few recipes painting a bullish picture. Let's see if it can hold out.
Price has been lead to an area of strong support and now the next move by EurUsd will determine where it goes for the long term. Price might look to retest the 200 SMA and continue downwards. We'll see what happens as price continues to bounce up and down in the major channel for months.
As US stocks set to regain their former strength, US30 is about to soar even higher.
After a successful break to the upside and a retracement back in the channel to stop out the buyers, Can we now get the break we've been waiting for to next resistance at 1800? Let's wait for the trendline break.
We can clearly see price retest the trendline and is on the move towards the upside to next major resistance.
UsdCad has been in the accumulation phase preparing to continue it's uptrend, all held by the 200 SMA. Any thoughts?
EurAud finally broke under the Cloud and has retested the channel.
EurJpy is currently on a Bull run, but now that it is finally at the top of the channel, we can expect strong Bearish resistance.
What we are still waiting for is a retest or Trendline to go in either direction. Do not succumb to a fakeout.
No doubt, AUDxxx pairs have had good succession and a huge bull run ever since, but that season is now over as of last week, sellers are stepping in. All we need is a confirmed break of the 23.6% Fib Retracement Zone and we can enter for a Huge swing trade opportunity. See you at the finish.
After we've achieved the trendline break, price is currently at the 50.00% Fib Retracement level and under the 200 SMA with possible strong levels of Bullish pressure looming. Price may very well break above the 200 SMA and continue towards the 23.6% Retracement which is our next Resistance Zone. As the stock market rallies back from a fast sell off of stocks, we...
For now, price is on a downtrend and will likely continue to do so. We are currently above the 38.2% Fib Retracement level and and will most likely retest the previously broken 50.00% Fib Retracement level first, before we see the move towards the downside and possibly to the trendline drawn on the Daily timeframe.
We can see price broke the trendline, came to a halt at the 78.60% Fib Retracement level and reversed, now price currently sits at the top of the triangle. Can we finally get a break or will we get a strong push to the downside?