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..
Nice setup here, I though we might have got a breakout yesterday to go long potentially but downtrend line is holding strong. Price rejected 38.2 resistance & also a spinning top close rejecting zone on the last daily candle as well. Price should head down back to its Weekly trend line! Trade with care :)
BTCUSD Update: Since this market is leading the entire coin world, it is a good idea to gain some perspective on where this market can go in order to better evaluate the risk of your positioning in the alt coins. Let's begin with the current momentum since the recent price spike may have some people confused. The push back up to 3875 is just barely above the 3723...
ETHUSD Update: Price went sub 200 only to push back up to 250 in a matter of hours, along with all the coin markets. Now you know why I suggested considering a small position as an investment. The bearish momentum is not over yet, and now these markets need time to build up some supportive structures again so I am not anticipating new highs any time soon. The...
Look for pullback to broken weekly trend line/ fibonacci zone before going short, lower high being formed first before a new lower low will take place.. Nice setup here lets watch how price action plays out !
Daily Bearish engulfing forming intraday LH after yesterday formed a LL confirming bearish trend change. Trade was entered via APL strategy.
- Price is forming a Lower Low next to a support area - Stochastic indicate oversold - I expect the price to retrace around the price of last minor swing high Entry - Waiting for the price to retrace toward last minor swing - Once price bounces back, wait for the price to cross below the newly formed Lower Low - Entry below support area at 1.30100 Exits -...