Dear fellas, the price action for BITFINEX:LEOUSD has reached the bottom zone (i.e. around 0.961), this should be considered by traders as a strong support and give us a good buy opportunity.
Furthermore, since the beginning of October, the price action seemed to be consolidating between the bottom zone and the first resistance around (i.e. 1.012). The 1.012 area...
Google is at a decision point and I think it will consolidate around a while as bulls and bear battle it out. I'm thinking that we will see a push back down to daily demand before another retest of those overall highs.
USDCAD long term Monthly Resistance now become Support = Long term with good risk reward
Symmetrical Triangle Chart Pattern is now creating= expecting the breakout to the up side to the 1.3570 Resistance and also the 1.272 Fibonacci extension tool.
Place your stoploss below the new support
EUR/USD has crushed 2005 low and now I would expect him to reach 0.38% fib (1.1212) or 1.0743 which has been a important level. Keep watching this 2 levels. However, I do not recommend to sell in current levels especially with Draghi speaking on Thursday.
Bellow the 0.50% (+triangle line) I am bearish: 1.2133
Posted few minutes ago with the daily graph showing that 1985 is very important level and if we break we can see SPX slide and probably fast. If this really happens, I will look into 1897 area to get long again for maybe a new high. Lets wait and see what happens, but keep in mind 1985 and 1897.
This is my daily graph on SPX (SP500), 1985 is massive and if we break, I expect a very quick drop and then we can use the same level as resistance. At 1985 we have a channel line which started in May 2013 and also trend line and horizontal line which is support.
Keep this level in mind 1985!!!