We would be looking for this to either fall from here or go a little higher towards the 1820 level to confirm the structure of a H&S, resist there and then begin a decline. Breaking above the 1820 will negate this trading plan. Short term bearish for us. 21FX
We've been monitoring this wedge on the daily time frame for quite some time now. Now its broken out and rejected at a resistance level above. We can expect a retest of the break out at some point but will it reject there?! We will have to wait and see...Bearish for the short term. 21FX
Oil has worked well within the triangle. We're at another test of the top, will it break or is it ready for another fall. There looks to be a IHS also in the making. Something to keep an eye on. 21FX
We followed BTC up and were expecting the liquidation a little earlier. It makes sense that they would want to take out the FOMO buyers once it broke the 50k mark. We don't think BTC is a buy the dip at the moment, rather a sell at resistance levels. Breaking 50K again and we'll have a look at this again. 21FX
Our view on ETH. ETH has been moving well for us recently, we highlighted the trend break and possibility of the retest of the trend. We still think this can lower. 21FX
Gold has moved well within the trends and structure of the chart. Here we have what could be the next move for Gold based on the support level holding below. Overall bearish until it breaks and closes above 1812. 21FX
Our long term view on Gold. We can see the weekly triangle and within this what is possibly an ascending triangle. This is a bullish sign for Gold so we would look for more momentum to the upside in the coming weeks. Please do give us a like, comment and follow. 21FX
Gold has broken out of the triangle and its looking like it wants to target the level above. We would expect this sideways movement until tomorrows NFP but its something to keep an eye on. Please do give us a like, comment and follow. 21FX
We usuall only look at the longer time frames, on this occasion we thought we would share the 1HR chart as the pattern is quite interesting. We could quite possibly see an early breakout tomorrow prior to the release of the NFP numbers. Lets wait and see! Please do give us a like, comment and follow. 21FX
A very messy triple top at the top of the trend on Silver. Looks like it wants to go back to test it, if it breaks bullish for silver. If its fails....well, this has a lot of room to go lower. Time is running out for Silver, its needs to make its move over the coming days Please do give us a like, comment and follow. 21FX
The trend on the 4hr chart is working well. Coincidentally it leads to the 1830 level where we have the triple top formed by previous resistance. There are only so many times a level will hold before it breaks. Please do give us a like, comment and follow. 21FX
We still think this is bullish short term but wouldn't rule out a test on that support level one more time. Breaking support and this will decline fast! Please do give us a like, comment and follow. 21FX
Not much more we can say on this. Its followed our projection quite well. We will be looking for a reaction at the resistance level highlighted on the chart.
We love BTC. It followed our projections closely on the way back up. Now its sitting at a crucial level that needs to be broken. Bulls seem to be struggling and there don't seem to be enough bears to push it down yet! Looks like there is a big move to come on BTC very soon. Stay tuned! Please do give us a like, comment and follow. 21FX
Crucial for ETH to now either break above this level or reject it. Rejection here could mean a decline in down to the support level which we feel needs to be tested.
Gold needs to break the 1814 level for it to remain bullish. This rejection from the daily resistance levels seems to just be end of month profit taking. Breaking below the 1804 level and holding below could mean more profit taking and Gold seeing lower levels. Please do give us a like, comment and follow. 21FX
Silver is still trying to break that resistance level above and looks like its struggling. We would like to see a daily close above this level for this to go higher.
Followed the trend to the published destination. Its now rejected but we need to see a daily close here for this to come back and challenge the support level. 21FX