EURCAD 2Hwatching for a break of the CTL for potential longs, a break of the channel & support to the downside I will look for shorts
Break
DXY MonthlyAt 200 Ema support 88.60. In 2014 price broke out of this zone with a strong move, but never came back for a retest to validate this zone as support. Now we may have a potential retest to this level & price could potentially be making its way up from here.. Previous resistance now support. Lets see how next months candle opens up!
GBPAUD 4HWatching for a break of the supply zone for a new higher high. Price is in a small range between support & resistance
GBPCAD 4HSitting on daily support & ascending channel, im leaning more towards bounce & this could be a good swing trade next week
EURJPY 4HPrice broke out of its daily consolidation box I was initially hoping it would break to the upside, however Friday the market closed with a 4 hour bearish engulfing breakout & now looks to have validated the broken zone as new resistance. Will keep an eye out for a reversal candlestick pattern to the supply zone price is currently below
XAUUSD 4HBearish engulfing rejection to weekly resistance.. Awaiting breakout of channel & support for shorts down to potentially monthly key level 1300
AUDUSD 4HAfter about 6 weeks of bullish price action, price is now at weekly resistance. Watching for a break of support & channel for shorts potential swing trade..
AUDNZD DailyBullish engulfing & price action the last days of this week, breaking out of its triangle pattern.
Channel breakoutFinally broke out of the channel its been in for about 3 months. Hope to see more new highs in the coming week.
The market in general closed all time high today. This stock might be getting push from that - in that case it will just return to the channel in the coming weeks.
The stock did not see significantly higher volume when it broke out to new high - volume was same as average volume - means no new buyers/news etc.
EURAUD 4HInverse head on shoulders pattern playing out nicely, watching for a break of 1.54 neckline area for a continuation.. Watch for break of the counter trendline as well
NZDCAD 4HPrice broke its uptrend line with a bearish engulfing candle & retested, CAD news in the morning will be the catalyst to moving this pair..
USDCAD 4HPrice stuck in a range between weekly resistance 1.25000 & daily support 1.24100. Price failing to break above resistance, price now could be done with its manipulation after making its 3rd touch to its 4 hour descending trendline ready to head down now & create a potentially new lower low. Will be keeping a close eye on this pair for a reversal candle back to the upside or a continuation of price's downtrend..
NZDCHF 4HSimple trend analysis, making higher highs & lows. Double bottom to daily resistance, now watching for a break of the counter trend line & retest for buy opportunities. Lets see how it plays out this week!
Decoupling in Stellar?Stellar appears to be decoupling. In Stellar's history these trends do not last long. They often predate a big move for either BTC, or STR/XLM. My assumption is we will see some added volume in Stellar, and see the price raise slightly higher before either a BTC rally, or a Stellar fall will recouple the two. But there can be no better opportunity to make free coins than to take advantage of these types of conditions.
Keep a sharp eye traders!
EURUSD 60Price forming a nice triangle pattern, I am leaning towards a break down to make a higher low on the 4 hour time frame. But price action will be the factor if we break higher or come down for a retracement..
XAUUSD 4HUptrend line broken, now watch for a flag pattern & break of 1325 support for a correction down to 1310 & potentially 1300 monthly support. This will be on the watchlist but only executed after further confirmation
AUDNZD 4H3rd touch to the descending daily trendline, now the counter trendline is broken price is headed down to daily support
GBPCHF 4HPrice now back above previous strong daily resistance 1.33 that has held for a long period of time. Now turned support, price could pullback to this level again before continuing higher or a break or resistance price is at now & a retest will be good for buy opportunities
CADJPY Weekly Price formed a double top to strong resistance at the 91 area, now sitting on its weekly uptrend line. Will be watching for a break or bounce on the smaller time frames
