If support holds it's position here, I will be looking at confirmation from candle play for a long setup to resistance. Price retested support & this made be the 3rd rejection so lets see how this will play out.
I will be watching this play out the next few days. But this resistance is holding up and if it continues ill be looking for the long-term short position here on the daily. Will see how this plays out, just a few more confirmations & it's a go!
AUD/CAD is currently in a primary downtrend, with a few secondary and minor trends within. I expect price to continue trend until I see the accumulation phase coming along or some force. I will be watching this closely for the next couple of weeks for a possible long setup near major support.
Price is still ranging pretty strong. It bounced with some force back up from a micro level. Can price breakout of consolidation & channel? if so i know it will be a solid reverse for a possible long setup! What are your thoughts?
AUD/JPY is playing between a ranging channel & within that price is playing in an ascending channel. The Yen seems pretty strong right now, can price breakdown trendline or will price bounce up on trendline? Let me know your thoughts?..
Will Price hit the resistance level on the descending channel a 3rd time & breakthrough for a possible uptrend? or will price bounce off the channel resistance and continue in the descending channel for a bounce down for the 3rd time? what are your ideas?
AUD/USD 4hr trendline break, in this ascending channel price hit trendline 3 times before it broke. Will be looking for a full retest to last swing high or even trendline than candle play for a possible short-setup. What are your thoughts on this play?
GBP/USD possible short-setup as price on 4hr creates a legit head & shoulders. Price still may hit level before showing in bearish candle play for selling. Keep in mind price can still also push above resistance level, be careful how you play this. I'll be watching candle play as well as my ema's as price reacts to resistance line and trendline. What are your thoughts?
Price is pulling up to a strong resistance level. History proves this level is pretty strong. Back in late october price reached 158.218 & than dropped and created a descending channel to support at 148.982. Now here we are again, will price repeat itself and bounce to the downside and continue in this ranging market between 158.218-148.982 or will it break?...
Possible long setup at support. Will be waiting for strong bearish candle play, Right now on last two candles there are some strong wicking letting me know the buyers playing strong & that support will hold strong for a bounce to the upside. This may be a nice long swing trade to hold. Let me know what you think...
Once price reaches 1.35600 I will be looking for strong bearish candle play before entry. Also if price breaks the (Red) daily trendline, I will be waiting for the retest for a possible short setup. What do you think about this idea?
Price is nearing a 5 year resistance level that it touched & bounced off of back in Jan 2017. Will price repeat itself & will this resistance hold for a possible short-setup here on the daily. What are your thoughts on this analysis? Everything is lining up and will be watching for bearish candle play before entry.
When Price got to 115.320 back in NOV price made huge bearish impulse. Will history repeat itself, and be bearish down to 4hr Trend and possibly break or bounce? What are your thoughts on USD/JPY price movement?