OANDA:GBPJPY GBP\JPY struggled to grow lately, the move in the channel has been rugged. Price has reached a strong resistance and leveled off. I'am expecting channel's support be broken next week which in turn may trigged a rally.
KRAKEN:ETHUSD Triangle has been forming on ETH, considering fundamental background it is more likely to brake downward landing on a strong support at 1K
We have a valid ABCD pattern on our hands, expecting price to fall all the way to ~48k, which it should reach till the end of the year. Stops above 63K BITSTAMP:BTCUSD
This may be a potential trend reversal. Price failed to reach trend's resistance line forming a spike. It's a good time to enter sort with stops above the spike. -First target is at the support -Second at the 61.8% retracement level COINBASE:BTCUSD
Looks like we have a nice BAT, entering short stops well above D, target at 2800 BITSTAMP:ETHUSD
OANDA:CHFJPY Pair is greatly overbought, indicator showing strong divergence, nearly perfect ABCD pattern and double-top forming at point D Target set at 118.00, stop above D
OANDA:USDCAD Pair is extremely oversold, currently hovering above the lower boundary of the channel, which is the support and solid horizontal level, indicator showing divergence. Targeting upper boundary of the channel at 1.2490. Stop at 1.2220
OANDA:GBPJPY The pair is strongly overbought and we have a nice harmonic pattern, Good moment to enter short with stops above D Targets are on the chart
It seems like we have a valid H&S pattern amidst massive MACD divergence, If H&S fires, we can expect a huge drop all the way towards 1.25 We might see some limited support at 1.29, after that it's pretty much clear. Stops above 1.3145 target set at 1.2550 OANDA:GBPUSD
He have a valid harmonic pattern on our hands, I am expecting a major pullback towards 1.1500 area. Stops above D. Target set at 1.1550 OANDA:EURUSD
A valid BAT pattern has formed on CHF, it seems that CHF downtrend is running out of steam, the downtrend may reverse in a short while, or at least a major correction will begin. I've set to targets, the first one corresponds with point C of the bat pattern, the second one is at 61.8% retracement of the last leg down. Stop is placed below X OANDA:USDCHF
Good time to enter short on GJ. MACD shows signs of strong bearish divergence. Targets are set around supports S1 and S2. Stops should be placed above current High (139,50) OANDA:GBPJPY
OANDA:USDJPY Harmonic pattern formed, good time to enter short. I have set myself two targets, stops above X.
USDCHF Hello Traders, price tried to surge up above trend resistance line but looks like it failed to do so, CHF re-entered the channel and formed a DOUBLE TOP pattern. I see it as a potential major trend reversal. I am entering short placing my stops above the "double top" pattern. My target is in the 0.9700 area. I am expecting some sort of consolidation at...
BTCUSD Hello Traders, recently price has broken through the minor support line and back-tested it. What interesting is that the level at which it touched the support line( resistance line now) is the 61.8% retracement from the last move down. Additionally by counting the waves it seems that we are about to complete wave B and enter wave C. I am opening short and...
BITFINEX:ETHUSD Hello Traders, it seems like we have a valid BAT pattern formed and recent trend is about to reverse. I have set myself two targets with stops above X. Things will get more clear one price drops below trend support line.
OANDA:GBPCAD Price has broken through the resistance line and has been consolidating above it for some time, to me this is a sign that an upward movement is more likely to happen. I've put my s\l just below last local low, target is set around the level of last major high.
Hello Traders, we have a good opportunity to enter shot on GJ, price has been hovering around trend resistance line and formed a nice BAR pattern. Entering short with stops above X, target is set at the major support line. OANDA:GBPJPY