Waiting for price to pullback to broken support then turning resistance (lower high), or break of uptrend line & retest for continuation lower..
Watching for a break below red rectangle..
Price double topped at weekly resistance, now making lower lows & lower highs. I am expecting a retest of broken trend line & fib level (lower high) before pushing farther down. I believe price will see the 128.000 region by the end of the week :)
BTCUSD Update: Price retraced off the 6020 high establishing the lower high formation which is a sign of weakness especially since the .618 resistance area held. Now that the 5690 minor support is taken out, this market is most likely in the C Wave of 4 which can take price to the 5323 level. Like I wrote about in my previous BTC report, lower highs often lead to...
Watching for a pullback & possible touch to 50 fib level to go short, ECB press conference tomorrow could bring some potential weakness to the euro & this pair has been range bound for some time now.. A strong bearish push is likely! Patience....
Price back at uptrend line, watch for a break of trendline & support. Next target daily support / 61.8 fib level.
Watch for breakout & retest of broken support turning resistance to add short positions..
Massive move possibility overtime, as you can see in the weekly trend price is making lower lows & lower highs. Price finished making its lower high now breaking its weekly trend line I'm expecting a retest to go short for a possibility of 1000+ pips in the next 3-6 months potentially. :)
Watching this pair for AUD news in about a hour if we get week unemployment numbers I will look to take this setup as price is sitting above support waiting for a breakout. I will take Audusd long if good news out of the Aussie. This news event could bring a strong move to this pair
Descending triangle wedge, waiting for a breakout to continue bearish momentum. Price has been consolidating after its last push to the downside, a strong move is to come! GBP news data again in 3 hours I will look to enter after break of support & wedge pattern.. Trade with care!
Price opened up below the daily uptrend line, now waiting for a close below support & potential retest to go short. Should be a good opportunity this week potentially, this pair has been playing a bit..
Price came out perfectly, 4 hour uptrend line broke last week then price came up to retest broken trend line. Looks ready to go short now as price is testing the 61.8 fibonacci level now. If we can get a close below I will be taking this short..
Setup I will be watching, we are in a downtrend on the Lower time frames. I am expecting a pullback & touch the 61.8 fib & downtrend line (lower high), before heading lower to its recent low. Price may break & retest support turning resistance & head to its weekly uptrend line, I will see how price reacts at that point.. :)
Price broke its uptrend line, expecting another potential retest to trend line.. Moving averages sloping over to the downside 20 MA under the 50 MA ..
Watch for a break & close below support, & be mindful of a potential daily uptrend line here. We could get a potential rebound of that trend line or break + retest sending price further down.. Trade with care!
A Pullback to the 50 fibonacci level / new channel top expected. If there is a break out of channel & the 61.8 fib I believe price will pull up to 1.18500-1.18650 to complete the right shoulder of the daily H&S Pattern. Multiple rejections & triple top to 1.20500 & break out of uptrend channel signaled a reverse of trend. I expect euro to lose more strength as it...
As you can see price is in an overall downtrend on the Weekly/Daily time frame. Price rejected resistance multiple times, failing to break higher. This is a good indication that price may head lower to create a new lower low or at least retest its last daily low. Something to think about here, downtrend line still holding strong..