After breaking up trend trend line, we were able to get a pullback and rejection at trend. Price has a lot of potential to make its way back down to the the next major support of 83.000.
price has respected the drawn wedge since october and looks to be building for a breakout next week. After the exhaustion candle on the 4hr at the top of the wedge i believe we could head back down and breakout to retest the 1.12960 level.
We could see an aggressive bearish move after the close of previous weekly candle.
Gold could very well continue to respect this long term uptrend with price likely to reach this region over the next week. Be patient and look for a strong reversal signal before entry.
Look for a strong move off this level over the next 24hrs. Only once we have a confirmation of a reversal of the previous bearish trend should it be an indicator to place a long trade.
Strong rejection at resistance level and now looking to make a move back down to the previous down trend channel
Bitcoin clearly found support at this level as the EMA was unable to cross and a bullish engulfing candle was able to form.
Massive movement over night saw prices of bitcoin rise $2000 in less then 12 hours. It was able to break out of a falling triangle it had created over the previous weeks and then continued to push through previous resistance levels that caused problems last time they were tested. This could be what we have been patiently waiting for before we see steady gains to...
Clear rejection at a key resistance level, with a sharp pull back towards previous trends
Gold developing nicely. Be patient and wait for an obvious move to play out before placing an order.
USDCHF pair continuing to repsect both support/resistance and bullish trend. Pay close attention to the next movement over the next few days.
Appears to be respecting to the term uptrend. Strong Bullish engulfing candle as the trend line was respected, beginning the push back to previous support/resistance.