We broke-out of a downtrend and we have been trending up, we just broke a strong resistance and we should be waiting for a retracement back to the resistance which will now act as a support. We can buy when we get our confirmation candle at the support and we can target the nearest resistance as our take profit.
We are in a downtrend and we have a support holding has a strong resistance right now,i will be expecting price to continue downside when the market opens. The last two touches are forming a double top at the resistance so i will be looking for price to continue to push down, Also there is a retest of a bearish chart pattern.
This analysis is of two different scenarios we might get a sell signal has a break and retest to the downside, we might also get a breakout of the trendline and retest to keep the uptrend going.
BTCUSD has been in a uptrend lately so it just broke a resistance that pushed the price downside, so i will be expecting the price to retest the resistance that got broken. When price breaks a resistance ,the resistance turns support. So we have uptrend has a confluence and break of structure, so a bounce on the resistance will take us to the nearest resistance.
DXY is bullish and we might continue to see the fall of gbpusd, so i will be watching the support area that was broken for price to retest and sell. GBPUSD is in a downtrend
USDJPY is bullish and the only thing we should be looking at following the trend is buy, hoping the market will pullback a little and give us a buy signal and we can target the nearest point of interest as our take profit.
Wait for confirmation before you jump in, we are still bullish but the direction might change so wait for the opportunity like messi waits on the pitch.
GBPUSD didn't breakout of the consolidation, i will be looking to short if we break the trendline and retest
Cadchf broke out of the downtrend trendline and retested. buytin to the above take profit.
Broke out of the trendline, waiting for retest back to the trendline and buy
The candle didn't create a HL , instead it broke the previous HL. i will be waiting for the retest of the previous HL to sell.
Breakout of the resistance and buy. we can take profit at the nearest supply zone
We are having a double top formation at the trendline which is confirming the rejection. so i will be waiting for a breakout and retest of the double top neck to sell.
we have been having series of HH and HL and then it was in a range for couple days, now it broke out of the range and the trendline. i will be waiting for retest to go long.
We are in a downtrend and i think we will continue to sell until will hit the trendline which is also a support.
The daily time frame is bullish, it formed a double bottom on the 4 hours and we are hoping it will break the trendline and continue up. we will wait for the break of the trendline and find our entry