Break through the support level to break the resent consolidation zone. Expecting to see the bearish momentum to continue in this pair following this break out.
Price consolidating between support and resistance. The pound is weak currently, so expecting to see a break out of the support line to continue the bearish movement we have been seeing.
bounce off of support of the trend line and the previous resistance zone. Bullish confirmation among indicators
Very bearish pair. Key Entry Points: - Rising wedge has broken - Touch on resistance trend line - 78.6% fib level rejection - Bearish indication from MACD at time of entry - Following the overall bearish trend of this pair
Ascending Triangle - Continuation pattern - Ascending triangle represents consolidation of price before continuation of bullish trend - Bullish indicators - strong rejection at support - Going in line with current 200 EMA trend
Key Points: Descending triangle pattern (continuation pattern) Support line broken Bearish indicators GBP inflation shock Recent bearish trend
Bullish pennant flag forming on NZDCAD. Looking to jump on to the bullish trend following this correction
Corrective move following bullish impulse. Looking to join in on this bullish movement we have seen on AUDCAD recently
catching the bounce of previous resistance as uptrend looks to continue
Could we see further bullish momentum on USD? As price has broken out of consolidation (110.80 region) could we see further bullish momentum as price retests this area?
- Looking for rejection at key resistance level (highlighted yellow) - Bullish confirmation among indicators and rejection at channel support for entry - See if the price holds at 4H EMA.
Two potential scenarios: 1. Bullish If price finds bullish momentum we could see price break above the key resistance level of 1.6170 level. IF this happens, we could see price return to previous highs of 1.6380. 2. Bearish On the daily chart, we can see a possible head and shoulders structure forming. If the price rejects at key resistance (1.6170) we could see...
If we see a price break above 0.6570 level, and the ascending triangle, we could see further bullish momentum up to the channel resistance.
Area of interest highlighted. Very bearish pair. Hoping to get involved around the 1.0450 level if: - Rejection at 61.8% or 78.6% fib level - Rejection at support zone (1.0450) - Rejection at descending channel resistance - bearish confluence among indicators for entry
Potential for more downside as price reaches the area of previous support (0.9275 ish zone) Could we see price reject here? Looking for: - Rejection at descending channel resistance - Rejection at previous support zone (0.9275) - Rejection at 38.2% fib level If taken, this trade will be in agreement with the overall downward trend of this pair (under the 200...
Strong GBP figures pushing EURO lower in this pair 0.50% fib level Break out of ascending structure Touch on-resistance of descending channel Rejection at 200 EMA Indicator confluence
Possible long opportunity on USDCHF Price recently broke out of the descending channel and seems to be retest resistance of the descending channel (0.9140) Checklist for entry: - rejection at 61.8% fib level - rejection at 4h EMA and descending channel resistance - bullish confluence among MACD and RVI
Possible long opportunity on NZDJPY, similar to NZDCHF. Price recently broke out the descending channel as has begun bullish momentum in an ascending channel. If conditions are right, we could see the price continue to 78.50 level Checklist for entry: -rejection at ascending channel support - rejection at 78.6% fib level - price holds at 4H EMA - bullish...