X marks the spot for entry, on a larger degree descending channel, we can look for current price action structure to break the smaller degree ascending channel and head for 0.70500 target swing area, this would require patience. If we see a negative USD we could get the surge to the upside quicker than expected. Boxed areas are significant zones, trendlines atill...
Here we have bitcoin on an important zone to go long, we should see the next pump in the bitcoin market very shortly on the break of a channel trendline which is showen, here we could see our wave extended leg to upside, to target the 13,000 level again (another key zone)
Gold drewback a fair bit, i adjusted my stops to closer to the 1400 region, and we have woke up to still a bullish bias on gold where we can see price at a key level around 1420, which we may have some slight resistance at. We need to keep watching this key level closely for a break of the area of confluence so we can continue our journey to the upside.
added...
update after some pound weakness, we can consider the entry point until now as a drawback phase. as trade setup still completely correlates with what was suggested yesterday night before some pound weakness through the night (germany calling out bo-jo). We can see nothing was anything major or significant therefore we do not need to worry for any reversals as such...
update on trade, still bearish looking for the retest of the broken falling wedge. And i cant see a push higher after resistance until we at least get a retest of the trendline.
For now staying in the position and considering the current phase as drawback.
& we need to keep an eye on price closely for GDP data in a few hours. Right now im trusting our hand, as...
As we sail to key levels we can see price is likely to continue following the trend on euraud to the downside. Right now the difficulty is that today, we see a weak aussie dollar but we can look for the strength to come back as technical is suggesting all sell signals, at least against the euro which we can may be expect some weak news. Although the longer term...
Here we have used fan trendlines to try grasp a better understanding of where their may be a significant zone for the dollar, as we can see above the current price is some previous highs in 98.50 range, which we seen price struggled to break. from here what we could look at is a negative for the dollar just before the interest rate decision on tuesday where i...
Providing the way price is acting around this area of confluence, it suggests we should see rejction here, followed by a continuation to the downside, where we will either meet the previous falling wedge trendline and bounce. Or continue with a clean break and retest to trade back within the wedge.
Broke a long bullish channel, had a high wick candle on the 4 hour, just after the break (retest) here we can look for an opportunity to swing to a lower position on the trade further down the fib levels. Price action should be considered very closely here at this level, 4h view. Long term perspective. Swing position. Be prepared to hold for best benefits. Lovely RR
Here we can see the trade has reached an important bullish fib point, we look for smaller time frame entries, inverted head and shoulders formed rather clearly on 4h chart, suggesting some upside. We previously were in a long from around 1420- 1432, and price bounced off a resistance on the daily, travelling to support although with a bounce off previously...
