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Trendlinestructure

GBP/USD To reach 1.40 For GBP/USD we are currently sitting on a very strong support level and we do expect the price to reject it and continue it's move to the upside and reach the 1.40 Price. We have a Daily ascending channel and we will target the upper trendline for our long position and then we can look for other opportunities afterward. For the time being from a COT data perspective we can clearly see that GBP is getting very strong and that long order have been filled and we should expect this momentum to continue and reach our target or even more. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
Long
by TheDayzen
The S&P 500 remains in a bullish trend - but beware Quick comments in this analysis. I tend to find just looking at the direction the ema ribbon, or red 20dma is an easy way to tell the underlying trend. Clearly it is still bullish. I was wrong in the latest TA on the S&P 500 I posted. I foresaw a drop through that ema ribbon that did not materialize. That next week I closed that short for a loss, as once the price bounced off that ema ribbon which was historically a setup, it was evident shorting a bull market would have made the loss much worse. I however did not chase the price as it went up higher, nor am I recommending longing here. I do however think while the price can continue higher, frankly I even am expecting it as the price appears very bullish and the financials XLF continue to rise towards historical resistance - there is not a clear setup for longing with the price this far from the mean and so overextended. If the price were to fall to support within the channel, & tag and confirm support off a pivot point to the right of the chart then I would consider longing. If we have a significant drop I will seek to get back into equities. Till then I am stuck spectating, stock picking, and continuing to ride the Bitcoin/Eth bull market up its own wall of worry.
AMEX:SPY
by ZenMode
3
EurCad Currently, price action is at the support zone on the 4hr tf. If we look to the Daily, we can see that the market structure is in uptrend. If we look left on the 4hr tf, we see that this support zone has not been broken/still respects the zone. If price breaks and retest then the support has becomes a resistance zone . This means price action will be short untill the support of the trendline . Wait and see how price reacts to that level to determine buy or sell. I personally looks for confirmation patterns/candle to determine my entry. I would love to hear some feedbacks.
Long
by mastercampbell
GBPJPY... Decision Time .. Can the USDJPY make more headway GBPJPY... Decision Time .. Can the USDJPY make more headway with the Falling stocks. Actual Charts are within the links provided below... i.imgur.com GBPJPY Daily - 151 looks solid for now.. However a break can dent the Up Trend it is trying to form in.. i.imgur.com GBPJPY 4 hr - Clearer highlight on the 151 handle as must hold zone - Else a systematic drop down to 147 handle would be attractive tgt. Last but not the least the Weekly which I had it on display on few occasion past few weeks. i.imgur.com GBPJPY Weekly -- Close link preview
Short
by tahir989