Breakout setup back in play. Waiting for a weekly close here but not beyond me to entering small and early if LTF price action shows a strong possibility.
Wedge top breakout with follow through sell-off. Seeing support region at 1.1230-60 and bears will be looking to flip that to continue sell-off. On the other hand, bulls camp will look to buy at these areas. We might see a broad trading range going forward. Neutral for now but looking to buy until we see a clear break below support.
LAZR : Nice consolidation within a symmetrical triangle / wedge . Ready to break. A break to the upside would give us a first potential target of 46.50 usd + Wait for confirmation before entering as it could also break to the downside. One concern: the 200 MA is quiet far. But I'm leaning slightly bullish based on the Tenkan support (Blue line-Ichimoku). Trade safe.
Seeing the bearish case suggested in previous posts getting stronger. Let's see if it re-tests that neckline from here.
It can be argued that we are seeing a breakout and re-test setup for this pair. If we work under that premise, it's reasonable to to expect a subsequent test of the 19.00 levels for a new ATH attempt. But only if 15.80 holds. Otherwise, more sideways to down are likely. Looking for a strong bullish close in today's candle.
Another one I am watching for a potential breakout setup. Will let the chart speak for itself on this one.
See related idea for a bit more info on this setup. If breakout is confirmed, reasonable target to would be 0.90 area representing a measured move from the inverted head and shoulders setup (see weekly chart in related idea).
Yes, please. ;) We may still see more trading range price action (note the lackluster volume) but as long as 1,125 holds on a daily closing basis, short-term buyers should be on the right side of the market.
Support level at 1.26 and price action seeing increasing buying pressure, so at the least a possible short-term opportunity for the bulls.
HTF showing a major reversal pattern here. May provide a nice breakout setup above 0.42. A cool 110% measured target so keeping this in my radar especially with lotsa altcoin breakouts happening...
1,125 (based on Binance data) is the highest monthly close since JAN-2018. This should be a very significant price to break and would become a strong support level if price does go higher, which IMO is quite probable in the near term.
Simple but effective (especially when it works :)) Now we wait for a follow through. Still needs to close today on a bullish note (else we may see more sideways movement in the near-term). If this continues higher, my target is that 0.36 area but watching out how market reacts to 0.23 level.
Very weak breakout followed by a move back into consolidation range so this was a no go. But fakeouts like these can sometimes follow through on the original breakout premise with a vengeance. So yes, I think this is still in play. But I think it's better to wait for a strong signal before entering. Specifically, I'm waiting for the current candle to close near...
Price has been trading within a range that seems to be contracting these past few weeks/months but there are indications we may be seeing a potential change in theme. Watching out this potential breakout in progress. I'd say wait for a weekly close but a daily close would be a bullish signal too.
A break above 137 opens up a likely run for the previous ATH. One of the higher probability trades out there. :)
Previously mentioned the 1.91 level as a breakout confirmation level (weekly closing basis) and seems to be holding so far despite repeated bullish reversal attempts. This pair is a thick market (i.e. lotsa overlaps between candles/bars) and anyone trading this needs to be (mentally) prepared for it. That said, we will not want to see that 1.91 level tested again...
Here's another AUD pair showing short-term weakness.
Currently still testing resistance at 0.7385. Pair may be looking at 0.7223 as a possible price magnet so watching out for a break lower (0.7325) as I indicated in a related post (see link below). This is a short-term setup as I am still bullish overall, especially if market breaks 0.7385-0.7400 on a daily closing level. Alternatively, waiting for a buy setup at...