Break & retest of the broken downtrend line here on the daily time frame
Potential double bottom here to monthly support, which price could see a potential reversal. A break of that counter trendline may start a new trend
At resistance.. Watching for a reversal candle stick or a break back above & retest of broken resistance turning into support again
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Think the market is overbought and looking for a breather. Lots of debt and big economic uncertainty could add sellers. Political tensions everywhere gold moving higher suggest folks are looking for protection
Here is the 4-hour timeframe chart that shows the evolution of the price. I think that the price of 0.0061 is a key level that the BCN/USD price should get over in order to have this crypto-currency pair price to be uptrend confirmed again. If the price gets over 0.0061 then one should look on daily timeframe to check for future probable obstacles for the price.
Price at a very strong supply zone, where as you can see each time price tries to break though sellers quickly push price below, showing bears are applying a lot of pressure to this zone.
Price broke its weekly uptrend line, now sitting at support. I believe price will make a slight pullback up to retest the 61.8 before potential reversing to create a new low
Reaching a significant area of trendline resistance, price could now be in for a potential reversal..
Price is at a decision point currently, & at a supply level. Will be watching for a break to the upside or a rejection for a higher low to form.. Retail sales shortly may present a trade opportunity
Bitcoin has had another great run from 6k, we paused a bit around the 8k zone before smashing through 9k and finding sellers in the 10k zones. It is not surprising that 10k has come into play as resistance, it was a major support a while back. In my opinion we are looking at minor correction in the market and possibly a opportunity to buy the dip. I am long on...
DXY SELL ON RISE 89.22 TG OPEN SL89.49
USDOLLAR SELL ON RISE 11602 TG 11528/21 SL11628
Price respecting support, but has entered a small period of consolidation. A break to the upside out of the range will give us new highs as price has kept up its bullish momentum since bouncing off 88.60 Monthly support
After being stopped out last night, price is now at a decision point for gold.. We have reached the descending trendline, now I will either watch for a rejection or a break or resistance & retest for continuation to the upside as price looks to be breaking structure. Patience is the key!
USDJPY is pretty close to my target posted on November 2nd, so you can see how one of my best trades of 2017 had been working out without any nervous. "Stick to your plan until you get there". Don't forget the main plan on the next chart... Learn how to beat the market as Professional Trader with an ex insider! Have a good Trading Week! Cream Live...
Potential inverse H&S pattern here, now waiting for a 4 hour closure above the zone price is testing now for potential buy opportunities ..
In consolidation.. Watching for a breakout in either direction