Breakout below support doesn't look very convincing, price is still hanging around the resistance line and hasn't put in a lower low since breaking out. It's noon, London is just closing up, expecting some volatile last minute moves. Lol, I got that limit order in just in time :) good day for me
GBPJPY finishing up a head and shoulders pattern with a nice red candle. Based on necktie height and structure, price could drive down to the next support line. This would mean a breakout from current ascending triangle. Skeptical as to whether this is a true breakout, will wait for a retracement to resistance and see how price behaves. If price respects new...
GBPCHF broke out of the upward channel a couple days ago. It's lining up with some nice structure lines and showing some long wicked candles at resistance. I don't think this is a false breakout so I'm betting on price returning back to the last support line.
AUDJPY has been rejected twice on a support line. Waiting or a third visit to go long back to structure resistance
EURJPY broke out of downward wedge and is now below strong resistance. Price has consolidated and I'm expecting further downward movement.
falling wedge sitting on support lines on bottom of falling wedge.
EURCAD has broken out of ascending chennel and is forming a widening wedge. I'm expecting downward motion so I'm selling at the top of the wedge. Will wait for a breakout before before looking for further gains
Lots of support on channel bottom with plenty of historical support. Betting on double top back at resistance.
EURAUD looks ready to continue in its downward trend.
AUDUSD broke below strong support, is consolidating and showing lots of tall wicks. Expecting further downward movement to next resistance line.
GBPUSD is in a down trend and is making consistent losses at the open of the London session. There aren't any major support lines until 1.6735 so trend can be expected to continue for the short term. If I'm up early monday morning and the market has just been ranging will be going short right before the London session opens. Using custom pivot points for stop...
GBPCHF is showing pretty strong bearish divergence over the last three highs. I mapped out the earlier historical highs and they still seem to have a lot of impact on price movement. The last highest high came up to the uppermost horizontal line. Price hasn't put in a lower low yet so there's no solid reason to sell yet, still seems more likely that price will...
GBPUSD hit bottom of upwards channel, looking for a rebound. Hourly chart is showing weakening downward movement, and bullish divergence on the daily.
Lots of bullish divergence building up, along with bullish wedge forming. Waiting to see if price breaks resistance before going long
AUDUSD coming down to a strong resistance line, backed up with a fib line. Momentum is showing bullish divergence.
GBPUSD hitting resistance at bottom of upwards trend, going long.
USDCAD losing steam at a high point of resistance. Hourly chart is showing price ranging around those resistance lines. Good chance of price bouncing back to old range.