Potential setup lining up here, previous support now turned into new resistance, & 1325 is also a strong daily level.. Will look for a break of the 38.2 fibonacci level or a reversal candle for potential shorts down to 1300 where I feel price could potentially cause a reversal.
Price making lower lows & lower highs.. Broke its daily uptrend line last week, now a daily closure below 133.100 is ideal for price to create new lows..
Price moving down nicely, now waiting for a breakout in either direction for a better insight of where price is headed next. I think a potential break to the downside is likely, but I will trade what I see & not what I think : ) Trade with care!
In a downtrend, rejecting off the 50% fibonacci level then breaking through the 38.2 showing bearish momentum returning.. Price now looks to be breaking its counter trendline to the downside, waiting for a retest & reversal pattern for potential shorts
We have been holding up in the 140 range for a while now which is good. If you take a look at my day 7 TA, you will see we went perfectly through my buy zone and went back up. We bounced off of 137.1 twice so I have that as our current support and a good spot to place some buys. If that is broke then low 130's is next support. Our current short term resistance...
Strong bearish engulfing candle break though daily support, & looks to have potentially broke its daily uptrend line as well. Now retesting broken support now as resistance & is at a "make or break level". Watching this setup for shorts during London session & a reversal candlestick
Back at the channel bottom / daily support. Watching for a break or bounce, let price action be the catalyst & trade what you see not what you think! ;)
Waiting for a 4 hour close to look for shorts on this pair. Price rejecting its downtrend line / the 50% fibonacci level is acting as resistance as well. Price should continue down to create a lower low..
EURUSD She Broke Major Trend Stochastics Trending Down Color Blue Number 6
Watch for a break of support for a continuation lower..
BTCUSD update: Dramatic new lows break below the 8656 boundary of the broader bullish support that has been in place for some time. Sure it looks ugly for longs, but do not panic. The next support area is 8171 to 4983, but this does not mean we are going that low. Here are a few things to keep in mind as this sell off unfolds. Sizing. Now you know why when I take...
downward pointing symmetrical triangle is a bullish set up - after this cycle of correction reaches completion. May take a different path, but the chart appears to reach 1 more lower low, Sub 9k - 8k price range represents a potential buy in point. All time highs to be seen soon after this last sell off before a new trend of impulse waves up. we should...
Strong bearish engulfing breakout of prices uptrend line, now retesting with what looks to be a potential shooting star rejection. Not looking to jump into this pair this week exactly since the market closes tomorrow, but will be looking for a break of support & retest for more confirmation
LTCUSD update: Bearish momentum leads price deeper into the major support zone of 186 to 138 area. In this report I want to highlight two levels that offer new buying opportunities IF a reversal pattern materializes in the near future. Buying opportunities? Why would I be looking to buy in a "bear market" ? The reason is the time horizon of the trade I am taking,...
Price making a double top at strong previous support now resistance. Watching for a break of the counter trendline to go short. Last time was above the pink zone, price made a double bottom then made a strong move away from this zone. Vise versa of what price is looking to do now..
Looking for a retest to resistance for a quick short down to daily support.
Sitting on a decision level right now, will be watching for a break below for shorts down to recent lows.
Price stuck in a range between weekly resistance 1.25000 & daily support 1.24100. Price failing to break above resistance, price now could be done with its manipulation after making its 3rd touch to its 4 hour descending trendline ready to head down now & create a potentially new lower low. Will be keeping a close eye on this pair for a reversal candle back to the...