Break
GBPAUD DAILYPrice is showing a lot of pressure in its 140 pip consolidation range, after its previous strong bullish engulfing candle bouncing off weekly support, showing that price may be ready to reverse its trend. Watch for a clean break of daily resistance ..
GBPCAD 60Potential double top to daily resistance, now watching for a break of price's uptrend line for shorts down to daily support. Retail sales were weak as well so it could mean a pullback for the pound now
CADJPY 60Price broke out of its consolidation box, now moving sideways above. Now forming a bull flag we could see a move up to daily resistance from here watching for a break of the flag
EURNZD 4HPrice broke its CTL, now watching for a potential retest for a continuation down to make a new low
EURUSD 4HAfter price failing to break above 1.23000, it looks like price may be looking to enter some exhaustion. Price action is getting weary, showing a bearish engulfing candle break below support, now acting as resistance. After all the bullish momentum taking place in a short amount of time, we may see a pullback back down to daily support 1.20800
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NZDJPY 4HBreak & retest of uptrend line, rejecting off daily resistance as well. Price could now make a correction
NZDCAD 4HAt a very important decision making zone right now sitting on previous resistance now strong daily support.. Price is in a uptrend making higher highs & lows, I will keep my eye closely on this for CAD news in the morning!
EURUSD 60Double bottom to daily support, now price broke its CTL now moving up to create new potential highs!
GBPCAD 4HPrice is in a tight range currently, we could see a potential breakout to the downside to retest its broken trendline, before continuing its uptrend.. Watch price once at the green zone
Lisk View After The RallyFollowing the previous idea on Lisk , it has reached the final upside target near $40 and rejected it. Now the picture of the further development of Lisk against USD is not that clear. After rejecting $40 resistance price went back and currently testing the support at 527.2% Fibonacci, that is $28.
It remains to be seen if this support level will hold or not. Break and close below the $28 should push Lisk further down, perhaps to the next support level at $20 area. While if the $28 support will be respected, there are all chances that Lisk will continue the uptrend and could go up to $56, that is another 100% growth potential.
All-in-all, currently Lisk is not the most attractive coin as the downside pressure remains. Only a break above the $38 could confirm the continuation of the uptrend.
GBPAUD 4HNice potential short this week, double top at strong resistance. Now will be looking for a break of that trendline for potential shorts down to recent lows or a new lower low..
EURNZD 4HPotential break of the downtrend channel & resistance broken. Now coming for a retest before making a strong move to the upside!
EURAUD 4HPrice made a strong move & broke above its downtrend line, now looking for entry on the retest of the 38.2%/50% fibonacci level for buy opportunities. If you take a closer look the retest could form a nice inverse H&S pattern, showing great confirmation! : )
Trade safe!
GBPNZD 4HWatch for a break & retest of the downtrend line for potential longs, price closed with a strong bullish engulfing candle, & bounce off a strong weekly reversal zone, price could now be ready to change trend direction will be watching closely..
CADJPY DAILYPrice broke its channel to the upside, came back to retest & looks to have closed back above 89.000 Key level. CAD rate hikes this coming week we may see a strong move higher !
ETHUSD 1H BREAK-HOOK-GOPair is in a current break-hook-go long
Price needs to breakout current swing high
Buy Stop @ 1418.80
Take Profit @ 1634.11
CADCHF DAILYPrice looks to have broke its daily downtrend, rejecting daily support with a doji candle as well. 20 MA crossing over the 50 MA showing some bullish momentum is about to take place. Lets observe..
EURNZD 4H4 hour candle close breakout confirmed, now looking for shorts down to the next area of support..
GBPAUD 4HPrice is stalling, trying to build back some momentum sitting between daily resistance & weekly support, waiting for a break below for a continuation of price's downtrend..
XAUUSD 4HPrice respecting its uptrend line, making its 3rd touch before pushing to the upside. Price broke its CTL, now coming for a retest, & should continue up to its next area of daily resistance ..
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..
