Looks like resistance has turned support. Ready for another higher high stop loss near 1.27400 area
Price broke out of triangle, entry on the retest after breakout & broken resistance turned support.
Price broke out of its daily channel where price was in consolidation for some time. We may now resume in an uptrend making higher highs & higher lows.. I saw this a bit late & will look to enter during GBP News at 1:30 am (PST).
Taking this pair back to the monthly & weekly, you can see price was in a consolidation for a couple years being range bound. We got a breakout of a key level but a retest never occurred after its strong bullish move. I believe this pair will come back to retest the 1.14500 region before pushing higher. This key level will be extremely hard to break though now...
Breakout of triangle, ready for another push to the upside ..
Watch for breakout of CTL.. Price currently sitting on daily support
ETHUSD Update: 304 trend resistance taken out quickly while price is holding above the level, on top of the fact that this level also corresponds to a recent lower high which means momentum is now decisively bullish. I wrote about this level in my previous report, but I did not think it would be compromised so quickly. Like I always say, anything can happen. The...
Price broke out of triangle, now waiting for a retest to demand zone to go buy. Been waiting on this setup for a couple weeks now & is finally playing out. Will enter at the retest
Watch for a break above medium resistance level & break + Retest of daily downtrend line. This pair is still very bullish in my opinion but will require some patience...
Watch for breakout of consolidation... Price could easily go up another 200 pips to next weekly resistance!
Price may have potentially broke out of its counter down trend line, waiting for a close above 61.8 fib & retest for price to potentially go back to daily resistance. Waiting for more confirmation :)
BTCUSD Update: New high made at 5420 which is just above the 5385 level which happens to be the 1.618 extension of the entire recent bullish swing. This is pure greed and euphoria in action, and for those who do not know yet, a hot market usually cannot sustain this rate of momentum. I have been cautious up to these highs and I am staying away from any new swing...
Inverse head on shoulders pattern potentially on the cards, a bit more of a retrace for the US dollar is expected for now to complete the right shoulder at the neckline (Yellow rectangle). Important USD news coming up this week ahead could bring some potential strength back to the dollar
USD/CAD LONG Fib 50.0 Retracement Uptrend Channel Continuation and on Trendline Support Simple Moving Average Acting as Support Lower Low formed, New Higher High forming
Price broke out of its triangle, waiting on a retest & potential gap close to go long. NZD at a 5 month low now & declined more over the weekend. Further weakness should take place for NZD I believe, Will be watching price action for a break to the upside to form a potential higher high..
Price now in an uptrend after bouncing off its weekly trend line, we are still in an overall uptrend. Price broke out of its channel top, now a potential retest to the 38.2 / trend line & we are heading higher to the next daily resistance 0.89500 area. Nice setup here I took it.. Trade with care! : )
Entering long after breakout of high base resistance, looking for a new higher high to form.