BTC still has some space to fall to meet our ranged support - but I feel we are coming close to the end of the bear market. We have a falling wedge pattern emerging which implies a proceeding bullish reversal after it is completed. BTC looks to have bounced of the outer part of our support range. I feel to be safe, it best to see how this weekly candle closes....
Pretty simple trade to close up for the Friday.
EURUSD has been trending bearish now since April 19th. With only a slight fake out on the 10th of March before being stopped dead at resistance on the 9 day MA. Its safe to say the overall trend is still looking bearish on the daily as price continues to make lower lows. If we check out the monthly below we can see an inverse head and shoulders proceeded by...
Pretty similar to other ideas posted today/last week. Strong historical horizontal support @ 1.293 which is now acting as resistance and a rising support level that together appears to show an ascending triangle. I wouldn't look to enter just yet as I suspect a pull back to the .618 fib and rising support @ 1.273 Buy: 1.273 TP: 1.313 SL: ~1.264
EURUSD looks as though its about to form a perfect morning star on the weekly which would entail a nice reversal. This trade is simply a conservative long back to previous horizontal support @ 1.20740 - Although ideally if this is met there is a nice long back 1.21649 - 1.22452 This morning was a nice entry on level with the close of the hanging man during last...
Strong historical horizontal support @ 1.34407 (.618 fib) which looks like we have just bounced at. I would wait for confirmation of the bounce (close of Monday next week ideally) but looks like pair has a nice few weeks of bullishness ahead. Following the fib back on the way up I suspect 1.38560 & 1.48350 to be our next areas of strong resistance. The pink...