As we witnessed a clear bounce off of the 1HR demand area, we should see a retest of the latest record high. With major components of the Dow already reported Q4 profits, we should whiteness some slow down, towards our previous weekly supply (resistance levels *27,250-*27,350). Although we are currently in a bullish sentiment with trade talks taking a sharp turn...
BTCUSD forming a H&S pattern on the 1hr.
looking for a retest of the previous resistance area of $10,100, before ultimately continuing to the upside.
stay turned .
SIMPLE.
GJ seems to be forming a double bottom on the lower time frames, right in line with daily and weekly reversal levels. Possible long opportunity before reversing back to the long term trend line.
We witnessed a huge melt down of the British Pound following the Oil snap across all markets.
GBPNZD has seemed to find its support at the Daily/Weekly levels becoming an almost textbook trade to the upside. As it inches close to its down trend line, monitor it through unfilled orders at the 1.88300 level.
Cheers.
