price has finally filled the liquidity wick, we should see some rand bound movements for the next few weeks and a retest of the lows before we eventually top out at 80k.
price is currently in a descending triangle pattern I think we see price fill the wick to the left. Then we probably form another range before breaking out to the upside. the final Flush IMO.
I believe the current pullback in price is a healthy correction. over the next couple of weeks, I expect the 55k zone to be used as an area of accumulation, then a deviation to sweep the lows before running up to 100k. not the best drawing but you get the analysis
A bullish flag pattern setup for XRP. Let's see how it plays out in the coming weeks.
Price had broken a long time range to the upside; we could see a potential retest of the level before the price carries on the current uptrend.
The US dollar has been maintaining this level for the past few weeks, we can see that bulls don't have enough momentum to hold price above at this level. In addition, rice has just completed the last leg of the rising wedge pattern so we can expect bearish week with this pair.
Gbp looking to test the previous highs again. might get a breakout of those high on this retest.
USDCHF showing a bearish pennant pattern, waiting to see how price reacts to the breakout
AUDUSD looks like it's making a head and shoulder pattern on the 4hr chart, depending on how the next candle closes we might get a confirmation to enter to the downside.
Even though the EURO is way overpriced it is still gaining against much stronger pairs, however, EURO looks to be slowing down after the initial move yesterday we can see the double top at the Resistance Zone.
Gbpusd looks like it's making a bullish flag pattern, depending on the result of BOE interest rate decision today we might see price break the channel to the upside.
didn't see the bearish flag pattern, further, on the weekly, the pair is a huge bearish flag pattern with lower highs. probably wait for a retest of 1.33 before entering or see what price does within the next candle.
Usdcad looks like it's going to carry that strength into next week, with the bounce of 61.8 and the trendline. it might retest the zone before starting the move. potential Tp at 1.35
Gbpcad clean and simple short, we might see a stop hunt to the highs first before the midweek reversal comes in. patience is key for this pair as we saw a lot of fake confirmations on the 4hr chart. This is drawn on a weekly chart.
Eurusd bounced of the weekly 61.8 retracements this week, we saw Bulls come back into the market after Draghi speech and push price higher. Euro is still substantially weaker due to subpar economic performance and no clear signs of an economic recovery in the Euro area. Euro should weaken against a strengthening Dollar, as we can see from the charts the bullish...