Bitcoin has created H&S pattern . Neckline was broken and now we can wait for a little pullback back to green neckline zone and then we can expect another bearish move down to 6180.
Good luck with your trading.
EURUSD is currently coming back to last week's highs. The price has created nice triangle pattern and now we are trading in it. In few days or maybe hours we might expect move above upper triangle line and aim to new highs.
USDJPY is currently trending above strong support area. Breaking this 50% fib could be good position for short orders. But we also can stay above 50% fib and go back up over the resistance line. This would be a buy signal. But personally I think this pair will more likely go downside because it was not able to break above resistance line for buy setup. I'm ...
GBPJPY has broken trend line. We might expect downside move soon. But first, price will move a bit up to resistance line, retest and hopefully bounce back down. Our targets are set aprox. 350 pips and 570 pips. Price can go downside as long as for a month so be patient.
USDCAD is coming close to our daily S/R line. If everything will go under our expectations, we can expect price to bounce from S/R line and go down to our second line. This line is important because it is short time S/R line and if we break below this line we will make some money. Sell orders will be in place.
AUDUSD created double top and is now waiting to break the resistance line which was already retested 3 times. This could easily mean that price will more likely go down than up because there was not enough buyers to push price higher off the resistance/support line. But always wait for breaking and closing below support line to make a sell.