FTT Continues to show strength with that 55 area holding as of now. 58 area should be broken ASAP for the near term strength to continue. Agg. entry anywhere above 56.50 area. Invalidation is below 55 & 1st targets at 70 & 86
As direct as can be long position following the acceptance above the 5 level followed by a High Volume breakout that held above Prior ATH 8.14. Trade is invalid on acceptance below the 5 area & target are at 30 & above (30-35) area
Channel uptrend for SNXUSDT held at a crucial area 12.30 and bounced. It should clear 13.40 area & hold for the uptrend to remain valid. Any move back below 12.80 before pushing above 14s would put the uptrend in serious jeopardy. My targets are 15.30, 16.50s and eventually 18s
CADJPY is testing the 89 long term resistance level. A close, preferably this Friday(Weekly close) above it completes the 1.5 year pattern with a measured target of 101. Conservative stops are at 2 ATR below the resistance level/entry level
The EURGBP pair broke out of resistance at the 0.8850/60 region after previously testing that region the last 5 weeks in a row. What seemed like a yearlong head and shoulder top has turned into a head and shoulder failure continuation. This breakout is in concert with a generally strong euro. Measured move target is at 0.9850/80 area though a more conservative...
Bitcoin has finally broken to the downside by closing under 2400 for the first time since early June and the 50 EMA as well since the end of April . Expect immediate target at the 1900 level then the 200 EMA around 1600 for short term support
8 week consolidation rectangle within 1.45-1.415 region. A breakout to the downside is favored due to the initial break of the larger range of 1.61-1.45.Initial targets around the 1.38 level thereafter a larger longer term target of 1.29-1.3. Aggressive stops could be near the breakout days high or above 1.45.
Complex 3 year head and shoulder top forming in NZDJPY pair with a slightly downward sloping neckline and with near perfect symmetry across the shoulders. Strong resistance from previous support around the 83 area and a continued attempt to close below the 74.50 area suggest there's more downside in this pair. A strong break of that support area (74.50) with a...
USDUGX price behaviour showing long term uptrend of the dollar and almost all previous highs acting as good support points with every retracement. Currently reaching to test 2930 high with a breach targeting 3500 level. Looking at immediate support at 2728
GBPAUD experiencing strong breakout of inverse head and shoulders pattern and long term continuation pattern. Medium term resistance at 1.92 level is being breached as of this moment. Immediate targets of 1.97 and 2.07 while long term target is in the 2.17-2.18 range.
GBPCHF currently channel bound and also has horizontal support at 1.5 level. Smaller multi-week head and shoulders top forming between 1.5 and 1.55 high. Short position on break of 1.5 support whilst targeting 1.45 and long position if 1.55 is breached with initial target of 1.6 and long term 1.7
A completed descending wedge formation with a target back to previous highs of 1.58 area and a small inverse bottoming head and shoulder that could act as a launch pattern make this eur/aud trade an attractive proposition on a risk/reward basis. The inverse head and shoulder has an individual target in the 1.54 area. Reasonable stops should be set at previous...
Bottoming head&shoulder evident in this pair with the 2.1 level proving significantly resistant thus far. An eventual break of this line signals a long term move towards 2.41-2.42 area which would be the 50% retracement level.