I anticipate a pullback to start when I see some higher time frames create lower lows and lower highs as I watch the retracement with fib levels. Then I am watching for strong bullish reversal continuation patterns doing the same.
Daily uptrend line broken, price is headed lower to next daily support..
Price now in a channel, expecting a retest of broken daily head & shoulders neckline or (lower high), before continuing further to the downside.
Price currently at support, we could get a lower high or continuation down as I believe JPY will gain strength this week. Lets observe!
Price at daily support currently, waiting for a break of that support & trend line plus a retest to enter short. Price also rejected at the 61.8 fibonacci level I believe this pair will start to fall before the end of the week..
Short after break of uptrend line & retest of broken support turning resistance. Flag pattern presenting itself & price being squeezed it will have to breakout higher or lower very soon..
Price on the lower time frame making lower lows & lower highs, we just got our lower high after the 3rd touch to the downtrend line rejecting a fib level as well showing a new lower low is likely to be made. Target is at weekly support / daily channel bottom ..
Price making lower lows & lower highs on the lower time frames, expecting a lower low to now form as price is at its downtrend line currently & under resistance :)
Overall, we are still in a downtrend, making lower lows & lower highs.. It look as if price broke support & came back up to retest broken support making it now resistance, I am waiting on news tomorrow for US dollar for a reversal keeping the dollar bearish or giving it some strength. We are at key levels & will have to be patient until then..
Price is in a small downtrend, it is currently near weekly support. Watch for a break of the trend line & retest to go long, or break of support & retest making it resistance to go short. We will get a better indication of direction during GBP news at 1:30 am (PST). Trade with care!
Price in a downtrend, making lower lows & lower highs. Price rejected at the 50 fib level creating its lower high, now broke though key support. I believe dollar will continue to gain strength, & will look to be adding positions on the pullbacks heading down to my initial target. This pair has a potential of 900-1600 pips to be made, patience will be the overall key :)
-RSI DIVERGENCE -BULLISH TRENDLINE BREAK -ENTRY AT THE BREAK OF THE MOST RECENT SUPPORT WITH STOP AT THE NEW LOWER HIGH - POSSIBLE C WAVE CORRECTION
Watch for breakout, price has potential for a big drop after maxing out at resistance level 134.400 area. A potential reverse of trend on the cards as price made a strong bearish move to the downside after rejecting resistance multiple times. Good setup here, wait for the breakout!! Trade with care
Potential daily head on shoulders pattern forming, expecting a potential pullback to 1.18550-1.18700 area with a candle stick reversal candle to indicate short, after break of uptrend channel, looks like price is now forming lower lows & lower highs. I am waiting for lower high to complete so a new lower low can be formed. Will be watching closely next week! :)
Short confirmed after break of uptrend line & retest with a pin bar to resistance. Waiting for a break of 0.78000 support to enter as well for extra confirmation. Trade safe!
Price is falling due to USD strength, plus breakout & retest of broken daily uptrend line. Now we see price making lower lows & lower highs. Watching for this 4 hour candlestick close if we can get a pin bar to 1.17500 area, I will look to take this pair short. We are on our way back down! : ) Trade with care
ETHUSD Update: 230 support area has been reached while all the coin markets sell off. This is actually a great time to start considering accumulating small positions for the long term even while there are no signs of buyers. Momentum is bearish and price has been making lower lows along with the rest of the markets. BTC is clearly leading the way. You can blame...
The DXY has broken 92.59 support level and retested it. The trend line has resisted the price from moving further up after US was released today. Are we looking for new Lower Lows?