GBPUSD usually continue's it's overall trend after three touches of a correction.
In this instance, GBPUSD will most likely continue it's downward trend after three resistance touches in this wedge.
We are currently approaching the second touch of resistance and it is a great shorting opportunity.
Remember, only enter if price action permits.
Ill be watching this baby closely...
Dropped back below it's resistance level.
Came back to touch the 50 fib level literally perfectly...
Lets see what price action shows us - back up or down?
Stay safe and stay smart.
Trade like a C A S A A AI I I N N N O O O O O!!!!!
WOOOOOOO! A N O T H E R idea.
I should really charge for this (jk)
EURUSD fresh outta support.
Close to retesting prev support as resistance.
1: Strong impulse move through support (tick) 2: Exhaustion back up to prev support (tick) 3: Price action Re->bou=>nd Confirmation (WAITING)
Remember, ONLY TRADE WITH SUFFICIENT CONFIRMATION.
S T A L K the...
BOOM! A N O T H E R setup to stalk... I should CHARGE for this!
Anyways, keep yo eyes open and if price action permits... hop in for the long!
Because med-term trend is bullish, price is close to support, 20MA and 50MA are bullish, price is in a tested wedge.
But remember one thing... ONLY ENTER IF PRICE ACTION + CURRENCY STRENGTH + ANY OTHER...
USDJPY at important support level + Inverse H&S. Bullish for days on this one.
Keep an eye out and don't forget...
Look into it yourself!
Good luck trading :)
Don't forget... rake in them profits like a C A S I N O >:)
GBPUSD in a clean little ascending wedge, with long-term bearish bias and short term bullish bias - On the daily, theres some recent clean and strong bullish price action and on the weekly theres a strong bullish candle forming.
To time a better entry, make sure to get on to the lower timeframes.
Anyways guys, good luck and don't forget to trade like...
EOSUSD Been in a descending channel for some time now, and is currently sitting at a major level of support.
EOS may break out of the descending channel and begin an uptrend, or it may break it's support and continue downwards.
I think it will break the downtrend.
EURAUD Recently broken out of it's short-term downtrending resistance, and come back down to bounce off of it.
EURAUD looks like its beginning to reverse and journey again to the main fib levels, and even to it's long-term downward resistance.
Keep an eye out, but IMO it's time to go long.
CADJPY approaching resistance recently broken under
POSSIBLE: Could break back over as bears v bulls is very close, and there may be a little bit of a triple bottom.
BIAS: Could bounce back down again and maybe hit a support further down, because overall trend is bearish.
At crucial resistance.
Due for correction.
Already bounced downward showing it could complete the correction to long term support.
My only consideration is that it is in a long term bullish bias.