Back at daily support that has been holding strong since august of this year, also price bounced off the daily uptrend line..
Watching for a breakout of triangle pattern.. Price has been in a consolidation range & is near the top (Daily resistance). Watch for a candle close below triangle pattern for short opportunities down to the supply levels.. Price could be looking to make its way back to the bottom.
Price failed to break weekly resistance, breaking out to the upside of its falling wedge as well. Looks like the Moving averages are crossing over to the upside as well & price is breaking high base resistance showing a potential change of trend. Weekly candle closed with a bullish engulfing as well. More upside expected here..
Price came down to its daily uptrend line to make a higher low, rejecting the 50% fib level & forming a hammer candle above a strong key support level, I believe price will make its way up to make a new higher high & continue its uptrend..
Watching for a break above resistance for potential buys. GBP news in the am coming shortly, could see a strong move to the upside
Price is looking to break lower to the downside, I will be watching for price to break the 38.2% fib level & retest below the CTL for potential shorts, further confirmation needed so I will wait until price plays out : )
Price rejecting daily resistance multiple times, showing there is a higher probability of shorts.. However I will be watching for a break of the CTL & retest before entering short. If price breaks above the resistance its testing currently, I will look to buy up to weekly resistance. Lets see how price action plays out!
Price is in a consolidation range, ranging from top to bottom, so far price is rejecting daily support nicely, & remains bearish for now I believe. Not to hyped about trading USD pairs right now, due to FOMC meeting on Wednesday which will be big for the dollar..
Price respecting the bottom of its channel, now waiting for a clean break above the 38.2 fib to continue its uptrend back to the top of its channel.. On the watchlist!
Price broke out of its downtrend making lower lows & highs. After strong CAD data we should see the CAD Dollar re gaining some strength. Watching on the 4 hour for a breakout of the channel for good longs potentially back up to 92.000ish resistance !
Watching for a break of the uptrend line, price may consolidate a bit before breaking lower. Watch for a break & retest of the 61.8% level for shorts
Double top rejecting strong daily resistance, now waiting for price to break 1.26700 for more shorts this upcoming week! :)
Downtrend continuation after lower high rejection to the 50% fib
Price looks like it broke under support & channel, now waiting for a daily close for shorts..
At trendline support, will there be a break or bounce?! Lets see how opec effects this pair Tomorrow ..
Price broke its daily uptrend line but seems to be needing a retest still, price also quickly bounced off daily support back to the upside. I will be watching price at the CTL for either a break to the upside or bounce to head back lower. Confirmation is key!
Looks like this pair is ready to continue its bullish continuation after breaking its weekly downtrend line & now is getting ready for its next leg to the upside rejecting daily support. Something to keep an eye on!
Bearish flag pattern watch for a break of the daily uptrend line & rejection of the 38.2 fib level to go short..