On this forex pair price is in a descending channel. We have found a support structure and price has eld it three times. If price breaks bullish then the 1.618 is a good target for longs. We will look for longs at the retest of support.
Lat week price rallied from the lows as we expected and now we have possibly formed an ending diagonal. We have found inverse correlation perfectly with USDCAD. As a confirmation to short, we need a break of the diagonal.
Similar top CADCHF, we have an ascending channel and price is currently sitting at the top of it. If we see a further break of this short term structure, then shorts could come into play.
Currently we are ranging in a channel and as long as we are at the top of the range our bias remains short. Also we recently hit the top of the channel and we seem to have dropped from that area.
This pair has rallied from the bottom of this descending channel quite well and we looked at lower time frames and it looks like we will continue the move up to the top.
The stock index recently completed the five wave sequence I have been talking about for weeks. We even got a nice ending diagonal to end the fifth wave. This is also likely to be the retest of the ascending channel that we broke out of on 21 April. We are looking for possible retraces and a retrace to the fourth wave of the ending diagonal isn't out of question....
Price broke out bullish of a descending trend line and moreover we closed above the 7.86 level. We know what this pair is like therefore we will be comfortable with breakeven on this trade.
As we can see the crypto is in an ascending channel and we recently hit the top and price is selling off as expected. If we zoom right in with a keen eye we can also spot a flag pattern. Shorting from the break of the flag is a very valid trade idea but we could hit the top of the flag before we drop, as we didn't manage to break the pattern on Friday.
This pair broke out of an ascending channel which lasted a pretty long time to say the least. How far will this pair drop? It definitely has the potential to drop far and hard but we could see a deep retrace before any big moves.
This pair has been rallying quite noticeably but in the last two days of last week we saw a sell off. This sell off gave us two four hour closes beneath the ascending channel which is somewhat short confirmations. However we re playing patient again here. We cannot guarantee anything of course but we could see a retest form in the first trading day of the week. We...
Price approached a supportive trend line in the final hours of last weeks trading. Recently we have had no clear direction in this pair and therefore haven't got the right to be long or short on this pair. However if we see a break we would be interested in taking part, and the same if we get a bounce.
Price has fallen out of a rising wedge pattern and in the early hours of Monday a retest would bring short setups into perspective. This is a trade that needs patience, as we miss our short entry by about 70 pips. We are not looking to rush into the market, and we need confirmation to short this pair. This is one for the watchlist. We have chosen the 1.618 level...
The cryptocurrency has rallied up to a level of previous resistance and we have not managed to break above it since we touched it. This is a trade I am currently working with and these fib levels have coincided with key levels that I chose to use as take profits.
Price has reached a level of previous resistance and if this level holds we could see a sell off. If price breaks we could look at shorts from the 1.618% level, which would provide a more appealing risk to reward ratio.
Price has reached a major trend line top and has the potential to drop again, perhaps to the 38.2% level.
Price recently broke a descending channel and we are currently retesting it. A favourable top would be the 61.8% level but there is still room for the 78.6%.
Price is steadily rallying and we could see a move up to complete a possible Wave 4. We have have formed an ascending channel and into next week we could see a move to the 61.8% level.
Although we broke the ascending channel and briefly retested we still favor another impulsive move to the upside. Considering the weekly close above the 61.8% fibonacci level, possible targets are 1% or the 1.618% level.