BTCUSD update: Price fluctuates around the 9861 reversal zone boundary as it breaks an inside bar in an attempt to go higher. Great price action if you are long, but as price continues higher, the risk of retrace increases. Price is now pushing further into the 9683 to 10561 resistance zone (.618 of recent bearish structure). For the short sighted, it appears...
ETHUSD update: Price pushing into major resistance zone and breaks the 764 key level. Like I wrote in my earlier report on S.C., buying in this area for a swing trade carries a high degree of risk. When a market trades like the way this one is, where it consolidated above the trend line and broke out to new highs, it looks like an easy trade after the fact. What...
BTCUSD update: Price is fluctuating within a reversal zone defined by the 9861 boundary level. The fact that price does not reject this level quickly can be interpreted as a sign of strength but being in an unattractive location along with no trade signal prevents us from issuing a buy signal. Even if price appears to by going higher. Price is still fluctuating...
GBPUSD update: Momentum is bullish as price is within a minor resistance zone between 1.4138 and 1.4184. At the moment there is no selling activity which means it is likely to continue higher. For those of you who don't know, we cover many markets at S.C. Forex is one such market and a technical perspective is published frequently there. What I am presenting...
A considerable fall has been seen on BTC all the way from first touching 9k now back down to 7800 levels. Points to Keep in Mind :- 1.A Possible Higher Low is still in place unless we break 7300. 2.The next higher high target has been reduced to 9600 due to the new higher low at the moment in place. 3.A break of the trendline is key to see any further...
Bitcoin has taken support at its previous area of demand zone :- 8300. Prices are within a bigger Flag Breakdown Downtrend but have begun forming a Higher High and Possible Higher Low Formation. Target for the Next Leg of up move will be confirmed once we break the higher high and then its a throttle all the way to the Higher High Target of 9985. 9985...
Hi Traders: Here's what i think : if you see the time frame from 4h , 1D and 1W, this pair making higher high and higher low. and it seems FED interest rates will affect the market. see how it goes. are this pair really making higher high and higher low ? share your thought on comment section. Thanks!
Short and look for the targets one 0.98647. Rsi is overbrought. And we got a nice Little confirmation the previous NH. After the sideways, and the dobble top, and the breakout.
After a bounce off a daily demand zone 0.72500 area, price has gone bullish & has been making higher highs & lows. Price now came back to retest broken resistance as new support, where we could see a new higher high coming shortly..
Price broke above a strong area of resistance with a bullish engulfing candle. Watching for a retest of this zone & potential reversal candlestick for entry..
Price making a higher low now after a strong bullish break to the upside out of consolidation.. Should have a solid buy setup coming up on this pair
Depending on how this daily candle closes, price may make a pullback to the broken supply zone for a retest, & continue up from there to potentially Make new highs soon as well.
Price attempting to breakout of weekly resistance after more weak data coming out for the CAD. Will be watching to see how this weekly candle closes. Then I will look for a retest of broken resistance as new support, & we could have a solid swing trade here!
Daily chart shows that price is on an uptrend. Trade timeframe (4h chart) is currently showing a potential pullback. See if we can find an entry reason on 1h our 4h timeframe to hop on the trend continuation trade.
Break & retest of the CTL to the upside, consolidation resistance broken now we can see this pair potentially make a strong move to the upside. Daily time frame we have a previous hammer candle to support following with a bullish engulfing candle breaking above 1.58000 resistance.
Price broke daily resistance & validated as support, price should now make its way up towards 1.80000
BTCUSD update: Higher high takes out bearish trend line as anticipated. With the 9890 to 10836 minor resistance cleared and bullish trend line still intact, the next resistance area that I am looking for is the 13012 to 14889 zone. At the same time, I am still open to locking in 15% of my position if price action presents a reversal signal in the current price...
4HR Awaiting a break of the pennant i really prefer more long but we can bounce back to the important key level 0.8846 my target for the long is the 0.8876, if we gonna break this level we can go up to the weekly resistance level of 0.8892