Tical1

Tical1

The market is in an acending channel, with price showing strong rejection of the lower bound of the bullish channel. The downside potential of this market, is relatively low ceteris paribus, as the market would have to break structure to form a new price level below the current channel. The price has shown rejection at 3 key levels, indicating a three phase...

Tical1

The market is in an asscending channel, this bullish momentum is confirmed by the creation of higher lows and higher highs. However, on the daily chart the highest closing of higher high candles is within a tight range between the price levels of 1.08113-1.09326, approximately a 20 pip range which shows the market has strong rejection at this price level....

Tical1

Area of interest, price has tested the support trend line and rejected it on lower time frames. Price is at an area of confluence due to support and resistance trend lines and 200EMA indicating an area of value. Moreover, it is still bullish according to the 200EMA (Daily). However, fundamental analysis may indicate pound weakness due to Brexit negotiations...

Tical1

The market is in a bullish ascending channel, this assessment is confirmed by the 200 EMA's position on the 4hr time frame as well as the Daily time frame. The recent price action is currently respecting an ascending support line and approaching a level of key resistance which has a confluence with the 20 & 50 EMA. This area of confluence may indicate a strong buy...

Tical1

Bearish trend line showing high level of resistance towards 0.786 Fib level, breaking trend and showing upwards momentum between 0.786 level to 0.618 level. Based upon Daily and 4 hourly 200 EMA, alot of upwards bullish momentum persisting in the market. Therefore, pending retest of the 0.786 Fib level its likely there will be strong bullish momentum to at least...

Tical1

Parraell support and resistance trend lines indicating high level of confidence in these levels, in a slighlty ascending channel. 1hr trend line plotted on current bearish movement, creating an area of confluence with trendline+area of restsiatnce.

Tical1

Bulls recently broke through a strong level of resistance (Presented by trend line). Previous resistance trend line is likely to become new level of resistance. Price is now forming a decending wedge, shown by price making lower highs at a rate faster than lower lows. This is indicative of a breakout, at least the same size as the initial breakout observed....