Double top pattern is confirmed. According to its measurements, BTCUSD should drop to 5.5k in the coming months. Cryptocurrencies very often retrace to the 0.786 Fibo level which lies around 5.5k as well.
XAUUSD has touched the major trendline and rejected it. Now we should wait for a retracement, ideally up to 50% of the today's range, which is near 1271 or so. Short Gold after a retracement and set TP near 1237 which is a very logical level. There are a horizontal support, trend line and 50% retracement, all in one point.
Price has reached 61% fibo level, but failed to stay above it. The pair formed bearish engulfing bar on the weekly chart and now it is below an important horizontal resistance. You can short AUDCHF if it drops below the ascending trendline.
EURCHF has formed the double top and the yesterday's candle shows rejection of the horizontal resistance. We should short the pair if price drops below the yesterday's low. Stop loss should be above the top of the yesterday's candle. Take profit 1.5x - 2x from it.
After six red days in a row, EURGBP finally slowed down. It is now on an important horizontal resistance and bullish divergences (check your RSI) are all over smaller time frames (4h, 1h). Watch EURGBP in the coming days and wait for a price action buy signal. If it turns out that the support near 0.872 is strong and price starts to climb up, it would be worth to...
The recent USD rally has lost momentum. The pair rejected the horizontal resistance near 0.995 and looks like it wants to test the descending trendline (90-100 pips drop). Place a sell stop order below the last two daily candles and wait for price to come on them. You can split your short position into two. Close the first one when price touch the trendline and...
Possible price reversal. Let's see what's going to happen when USDCAD hit the horizontal support. Bullish divergence is obvious. Agressive traders can buy when price approach the horizontal support and more conservative traders can open long positions once when price break above the red trendline.