Potential break of the downtrend channel & resistance broken. Now coming for a retest before making a strong move to the upside!
Price made a strong move & broke above its downtrend line, now looking for entry on the retest of the 38.2%/50% fibonacci level for buy opportunities. If you take a closer look the retest could form a nice inverse H&S pattern, showing great confirmation! : ) Trade safe!
Watch for a break & retest of the downtrend line for potential longs, price closed with a strong bullish engulfing candle, & bounce off a strong weekly reversal zone, price could now be ready to change trend direction will be watching closely..
Price broke its channel to the upside, came back to retest & looks to have closed back above 89.000 Key level. CAD rate hikes this coming week we may see a strong move higher !
Pair is in a current break-hook-go long Price needs to breakout current swing high Buy Stop @ 1418.80 Take Profit @ 1634.11
Price looks to have broke its daily downtrend, rejecting daily support with a doji candle as well. 20 MA crossing over the 50 MA showing some bullish momentum is about to take place. Lets observe..
4 hour candle close breakout confirmed, now looking for shorts down to the next area of support..
Price is stalling, trying to build back some momentum sitting between daily resistance & weekly support, waiting for a break below for a continuation of price's downtrend..
Price respecting its uptrend line, making its 3rd touch before pushing to the upside. Price broke its CTL, now coming for a retest, & should continue up to its next area of daily resistance ..
Price broke its higher time frame counter trendline & is coming back for a retest. Now looking to create a lower high before continuing its downtrend..
Will be watching for price action to choose a direction, currently I believe bullish but will wait for more confirmation..
Price getting close to reaching its ascending trendline, & is approaching a strong level or support. Will be see a break or bounce?! I'm anticipating a bounce.. but time will tell
CTL Broken, higher high still waiting for completion. Resistance level now turned support ready for a continuation higher now !
As we can see a flag has been formed, now we have to wait till it breaks. After we may see a swing to the resistance line around the 850 zone. A retest of the line that has been broken and another swing and break of the 850 line is possible.
Interesting look here on this pair, it seems like price is failing to break 1.12200 area of support, watching to see if price can break the CTL for potential longs on this pair. Watching to see how this plays out closely
Waiting for a daily closure above 89.810 for buy opportunities. Price broke back up above weekly resistance, now should move up towards the next level of resistance.. Waiting for further confirmation.
Price is in a clean moving consolidation between 1325 resistance & daily support at 1305. Price is sitting on a supply level, where we can get either a break below back to the bottom of consolidation of a break higher to weekly resistance 1337 (New higher high). NFP tomorrow I will not be looking to trade but It will give me an idea on whats next for the US...
BTC bitcoin is behaving as usual, nothing surprising. Looking at how it moves when it breaks a resistance we can clearly see today is no different. A pending order on the break of resistance would be great. You could buy down at support as well but that maybe a little more risky. Watch for a good price action rejection sign if you do. Good luck!