USDCAD 60Price broke its higher time frame counter trendline & is coming back for a retest. Now looking to create a lower high before continuing its downtrend..
Break
USDCHF 60Will be watching for price action to choose a direction, currently I believe bullish but will wait for more confirmation..
EURCAD DAILYPrice getting close to reaching its ascending trendline, & is approaching a strong level or support. Will be see a break or bounce?! I'm anticipating a bounce.. but time will tell
AUDCHF 2HCTL Broken, higher high still waiting for completion. Resistance level now turned support ready for a continuation higher now !
Possible long for Ethereum - Dollar ETHUSDAs we can see a flag has been formed, now we have to wait till it breaks. After we may see a swing to the resistance line around the 850 zone. A retest of the line that has been broken and another swing and break of the 850 line is possible.
USDJPY DAILYInteresting look here on this pair, it seems like price is failing to break 1.12200 area of support, watching to see if price can break the CTL for potential longs on this pair. Watching to see how this plays out closely
CADJPY DAILYWaiting for a daily closure above 89.810 for buy opportunities. Price broke back up above weekly resistance, now should move up towards the next level of resistance.. Waiting for further confirmation.
XAUUSD 60Price is in a clean moving consolidation between 1325 resistance & daily support at 1305. Price is sitting on a supply level, where we can get either a break below back to the bottom of consolidation of a break higher to weekly resistance 1337 (New higher high). NFP tomorrow I will not be looking to trade but It will give me an idea on whats next for the US dollar..
Trade safe!
BTC buy on the breaksBTC bitcoin is behaving as usual, nothing surprising. Looking at how it moves when it breaks a resistance we can clearly see today is no different. A pending order on the break of resistance would be great. You could buy down at support as well but that maybe a little more risky. Watch for a good price action rejection sign if you do. Good luck!
GBPJPY 4HLooks like price is having some trouble at daily resistance 152.500, & is now in a 60 pip range between support & resistance.. We have pound data coming out in 30 minutes which will give us a better idea of what price action is looking to do. Will be watching to see if price can close back below the 61.8% fibonacci level & trendline for shorts
XRP preparing for a big moveBreak-out confirmed. First two stops are on the chart. Good indication for huge upswing potential if price action hits these. Volume is picking back up after the holidays. Set your stop and enjoy the ride!
GBPAUD 4H38.2% Fibonacci holding as potential resistance, now watching for a break of the CTL on the 60 min time frame for potential shorts down to the next level of daily support
GBPJPY 4HPrice broke 61.8 fibonacci resistance that has been holding for some time now. Price entered next zone, a daily break above 152.800 is needed to see some bullish momentum continue for this pair
GBPCHF DAILYPrice sitting on channel support currently, will be watching for a breakout or bounce to the upside..
USDJPY 4HPrice broke its uptrend line with a strong bearish engulfing candle, price now looking to head down to next area of daily support 112.000
AUDCHF DAILYBack at channel resistance.. will be see a break to the upside or a bounce back to the bottom? I anticipate a bounce because price is making lower lows & highs, but I will be watching this one closely to see how price action reacts.
EURAUD 4H (Break or Bounce?!)Price is back at its daily uptrend line / Daily support. Watch price action during London session to see whether price will break or bounce from the decision point it is at now.
BCHUSD Flag Formation: Next long set-up on breakBCHUSD Update
What a difference a week makes. Within hours of the last comment BCH had fallen away to a low at 1631, 7 points
lower than the perfect entry point at 1638, before ripping 300% higher in 6 days flat. Facebook eat your heart out.
Now it's in the process of making a flag formation which will stay good so long as the rising dynamic from the beginning of
the move holds up price on all tests. A break above the upper parallel that's containing this downwave will be worth
following for another retest of the highs...
And on the flip side of this particular coin, if that dynamic from the 'lows' at 1766 gets broken at any point now it will
then fall away further down the same parallel to 2420 where it should bounce once more.Although it looks more likely to
break up rather than down from here, we don't really have to second guess this right now. The chart will tell us and we
can follow.
LTCBTC - AB=CD anticipation after Few day high break in H1if price breaks this high - anticipating pullback and continuation into AB=CD formation corresponding with historical highs.
EURNZD DAILYPrice broke out of its daily channel to the downside & is back up retesting the broken trendline. However, euro is very bullish right now so I will not consider taking this trade until further confirmation & rejection of the level price is testing now .. Price may pop back up into the channel again we will have to wait & see
