As called in my previous idea, NZDUSD broke the resistance and just retested recently alongside the 61.8 fib level, we should see the pair climbing up towards the next resistance area. Stochastics on daily chart also shooting up.
Price reacting to a zone and rejecting the zone looking for a break and retest. We have a trend line obstruction that we’ll need to break through. This downward move comes from a rejection of a channel on the daily. The first move I see is the continuation downward until we get to the weekly zone which will be difficult to break through.
After putting in a retracement to retest previous structure lows the S&P is now trading at the right should of what may turn out to be a head and shoulders bottom pattern.
The head and shoulders is a classic reversal pattern & IF completed I would predict that we're likely to retest the previous structure highs which line up at a one - to - one measured move & a...
I think Bitcoin (COINBASE:BTCUSD) will retest the old trendline wich i have drawn in Blue in this chart. We are allmost at the end of the wedge wich is drawn in red in my chart. If we break the wedge to the downside we may hit my orange resistance line.
We are looking at AUD/USD 4HR chart, where we can see price just broke out of a Rising Wedge Pattern.
Overall the trend is still Bearish so looking for continuation and for a sell opportunity on the Wedge Re-Test.
Wait for Re-test and then a Bearish Candle confirmation and we can enter this trade with great risk-reward.
I will update this trade...
Chart says all. So many contributors with great ideas about what we might expect. Just my 2c. It never goes straight down but makes short squeeze traps along the way. The runup to 24k was a terrific squeeze, rejected at 0.50 Fibo- exactly. Be cautious, short the rallies, don't plunge as it swings wildly and can squeeze any day.
Remember- gaps tend to get filled!...
After breaking a major trendline, NZDUSD is now retracing back to probably retest this. We can get a good +80 pips movement from this pullback before it drops again. The Stochastics on the daily chart is ready to shoot up.
Expecting NZDCAD to meet the S/R again and from there we will see if it bounces and creates a new Higher Low and continues the bullish trend or if it comes back down to the consolidation area where it's been for a month
Eh decidido entrar en corto en esta operación dado que me a confirmado un retesteo en niveles importantes del precio encuentro una divergencia en 4 H y en 1H asi que espero con posiciones de venta a este momento. tambien tengo una formación de patrón armónico hay que agregar que tenemos un techo que es posible funcione como resistencia y genere en ansiado doble...
AUDJPY broke the trendline. The pair just retested and bounced on the resistance area, which is also my 61.8 fib level, a good level to enter in a trade.
Looking to short this pair for 100 pips, until my next support level.
USDJPY finally trying to retrace at the previous structure level. If price manages to go at previous structure and we see a clear reversal signal we can definitely enter long continuing it's breakout after a clear retest. Good R/R ratios if we manage to enter that low. Keep this at your radar, and as always, enjoy!