CadJpy has been rejected from a strong resistance. Bearish candle broke correction trend line for another confirmation. Lets not rule out double tops but for now, I see nice short confirmations to support. Cheers to the Bears!
EJ may have a double top but for now, it looks bearish. Impulse Elliott waves identified and I will keep my eyes on this one. Nice drop to next support is expected. EJ rejected from the previous "Low High" to continue bearish momentum, under the 200 EMA on daily.
The Kiwi was rejected by daily resistance and 200 EMA to push it into a bearish zone. Elliott Impulse identified for a push down to complete the 5th wave. The Kiwi may retest but a bearish outcome is expected
Nice Elliott Impulse waves identified. We are within the pullback for wave 4. Wait for it to push up more and provide confirmation to break the trend line. Expecting a nice impulse wave 5 to bottom support. Patience =)
Nice wedge for the Swiss Yen. Still remains under the 200 EMA as a bearish stance. Good short opportunity to support. Yen appears to be strong still. 1 hour time frame has a bearish engulfing candle. Ready to go
My previous analysis displayed a bullish correction following a bearish trend. I now feel that this is no correction, but a strong bullish run. Looking to buy once it breaks and holds outside of my zone.
AudNzd has a wick that has already completed the right shoulder for the inverted h&s, but the strong bullish candle makes me think it wants to push up more to break the Fib on daily. Will watch a wait for a confirmation for a potential short.
Bitcoin broke a nice lower high resistance structure from the left, in addition to breaking consolidation from a bullish flag to the next level of support. Lets go BITCOIN!!!!! Lets see if she can break the next level of resistance above.
There is a lot of news coming this week with uncertainty in the air. I am using my technical analysis as guidance and see a short to support with long potential. Patience is key and I will be waiting. Lets see if it can bounce off the 136.600 area
I see a nice respected channel here on the daily with higher highs and lower lows. There is a rejection with my support zone but I think there is a good chance that this respected wedge will break through resistance and continue to the 61.8 on the Fib. Lets see how the Pound treats us!!!
Long Idea for GU daily. Inverted head and shoulders within a strong wedge. I see this going to at least 61.8 on Fib (ABC correction), pullback, then eventually get up to the resistance trend line. If resistance breaks, just may be a full retracement. Lets see how the Pound does!