XAUUSD made a big splash and just got a new ath recently as it broke above this pink horizontal trendline for the first time. We can see since then it has created a big bear wick however so not so sure it will be able to maintain this pink trendline as solidified support or not. Once it eventually does hod this pink trendline as solidified support for a weekly...
Although there was a recent breakout above the horizontal 38K resistance line, COINBASE:BTCUSD was unable to maintain above this level. We can see on the daily and 4h chart that BTC has evolved into an ascending triangle.
Bullish scenario : An ascending triangle is usually a continuation pattern so more upside is possible if BTC manages to perform a (real)...
We can see a massive Textbook Bull flag on SPY Daily chart with a falling wedge. When we pair this with a Fib Extension and the falling wedge breakout we could see 515ish all said and done. Please keep in mind that this is a daily chart.
This is a new update on the previous post I posted based on GBPUSD Head & Shoulders forming on the Daily Timeframe. It seems like the market continues to the downside therefore we looking for sells until it reaches previous low.
Overall structure based on the Daily, 4H and 1H is bearish. Price broke below 1.21417 Daly support and retested as new 1.21417 Daily resistance pre-London Session on the 1H chart. Sell at 1.21262 1H support were executed
Overall structure based on the Daily, 4H and 1H chart is bearish, hence I am looking for sells.. Price is currently in a consolidation phase between the 182.626 Daily resistance level and the 181.519 Daily support. A break and retest below 181.519 Daily support will mean that we can continue shorting GBPJPY
Overall structure based on the Daily, 4H and 1H is bearish on EURUSD. A break and retest around the 1.05283 4H resistance area , a bearish engulfing candle on the 1H was my confirmation to go short on EURUSD
Overall structure on USDJPY is bullish with price already reaching the Daily high at 149.842 Daily resistance and is currently pulling back. A pullback to 149.250 Daily support is where I will be looking to buy USDJPY
Price on GBPJPY broke below the Daily support area simultaneously breaking the short term bullish structure on the 4H timeframe. This week I will be looking to go short on GBPJPY. A retest to 182.275 Daily resistance and/or a break and retest below 181.186 Daily support/resistance is were I will be looking to go short on GBPJPY.
Hey there! 😊
On the daily chart, As you can see, the trend turned quite bullish after it broke past that pesky resistance at 78 and overcame the dynamic resistance too. Right now, it's hanging out around 86. Fingers crossed, if it stays above the 82 mark, we could see it making its way up to the 90.70 resistance level and even touching the long-term supply zone....
I did my calculations yesterday and if I'm not wrong we're going into a big breakout on the 1day time frame.
If he doesn't break out yet, wait until he's above the yellow dotted line for a position to take.
eurusd is coming down since dollar is strong
but it is now again testing a strong trendline
if trendline holds again as support than it can make new high
or if trend line breaks than after retest big drop is coming