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EUR/USD BUYHere we have a bullish market. An uptrend consisting of Higher Highs and Higher Lows. Price recently brought off of a support zone that has already been tested 4 times previously. This new support zone was created after Election day November 3rd. The first test of support was on 11/05/20 around 2pm. The second test of support was 11/09/20 around 6pm (after New York session). Third test of support was 11/10/20 around 6am. Price tested support zone for the final time and broke to create this uptrends newest Higher Low. Price is currently above that previous support zone and buying towards 1.20111. Price is expected to reach a resistance zone previously reached back in the 1st of September ultimately for a new higher High.
by JHogarth
GBPJPY BUY and SELL OpportunitesSELL All analysis on 4H If price breaks the ascending wedge look for a SELL long term to Monthly Support at 126.643. Could possibly be opportunities for buy/sell while price bounces around trend line/ in wedge, until price actually breaks out. Confirmations: *Down arrow on 4H *Price is below the cloud *Price is below the 50MA *Price is below middle BB on 1HR BUY If price breaks the ascending wedge look for a short term BUY to Daily Resistance at 144.652 Confirmations: *Green arrow on daily *Price is above cloud *Price is above middle BB on Daily and 4h
by FontaineTradez
BUY AND SELL OPPORTUNITIES WITH THIS PAIRI plan to rock with this pair for the long haul. Below is my analysis BUY Analysis Based off 4H Look for price to bounce off resistance newly created at 1.09335 by the top BB on the daily.If price bounces nicely look to BUY to the resistance at 1.10545 Confirmations: *Green Arrow on 4H and Daily *Price is above the cloud *Price is above the 50MA SELL Analysis Based off 4H If price breaks 1.09335 look for a short term SELL to support at 1.08251 or until price hits trend line, re-evaluate afterwards Confirmations: *Based on 3M price is in retrace. Wait for price to retrace to 1.09553/1.09585 before I sell *Price is below top BB on 4H for SELL Price is below the top bollinger band on the 4h Price is just below the 50MA on the 4H
by FontaineTradez