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Resistancearea

AUDCHF making a double top at Resistance areaAUDCHF has successfully broken out of the range zone and formed a double top at the resistance level. On the daily timeframe, the market is clearly in a bearish trend, having retraced around 50%. The price is now heading toward the support level and could continue lower, potentially breaking through the upward channel on the 1H timeframe. A further decline is possible, with at least a retest of last week's high. The target is the support level at 0.57130.
Short
by RTED_Investing
1
NZDUSD waiting for the sell setup to formon DAILY: NZDUSD is sitting around our upper brown rejection trendline and supply zone in green so we will be looking for objective sell setups on lower timeframes. on H1: NZDUSD is forming a channel in red but it is not valid yet so we are waiting for a third swing to form around our lower red trendline to consider it valid and enter sell on its break downward. we also have a regular bearish divergence adding more confluence to our setup.
Short
by TheSignalyst
Bitcoin approaching strong resistanceBitcoin is in strong daily channel up. I made this Elliot wave count on recent waves. We're seeing these bullish triangles and keep making new highs on 4h. Although we are struggling to make larger moves to the upside. I see final push higher to 4143-4159$ region if we can hold 4060-70 on 4h. Failure of climbing higher than 4190$ and closing above would cause rapid fall in similar fashion we've seen not long ago. Be cautious traders, analyse and make decision yourself ALWAYS! Have a great weekend!
BITSTAMP:BTCUSDShort
by Patrikas10