ChartAddicts

ChartAddicts

Reading price, we can see we have been on an uptrend with impulses in our favored direction. The last few candle closures have shown strong wick rejections to the downside. If price manages to maintain above this new support zone, we can anticipate price to reach 1.59000. However, if price breaks support, we must reevaluate price action. Due to the uncertainty of...

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Reading price, we can see that EURUSD is on an uptrend with strong shifts in momentum in our potential direction. Price has cleared previous swing highs and is testing as new swing longs with a double bottom and rejection and key psychological areas. If price holds above this zone look for longs to 1.23000. If price breaks, we must reevaluate price action. Due to...

ChartAddicts

Reading price action, we can see that we are in a uptrend meaning we should be looking for long-term buying opportunities. Price has recently broken resistance and is testing as new support. If price closes with the current rejection candle, we can anticipate price to push higher. However, if we break support and the trend line, we will have to reevaluate price...

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4hr Time Frame: Reading price we can see we are testing areas of support for the third time with a double bottom formation in confluence with long wick rejection. If price is able to hold, we can see bullish movement to 84.500 and if it breaks that we can see price reach 85.500. However, if price breaks support, we must reevaluate price action. Due to the...

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4hr Time Frame: Price looks like it is ranging in this market and testing a strong support zone. Reading price we can see that we are getting signs of wick rejection at this area that has reacted multiple times in the past If price manages to hold we can anticipate longs to .86300. However, if price breaks support, we must reevaluate price action. Due to the...

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4hr Time Frame: Reading price action we can see that we are on a long term down trend and a short term up trend that is looking like it is going to reverse. Price is testing a key psychological support and resistance zone in confluence with a rejection candle. If price holds below this zone, anticipate shorts down to 1.24000. However, if price breaks above, we...

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6hr Time Frame: Price is on an overall down trend which means we should be looking for long-term selling positions. Price has broken support and is testing resistance with signs of rejection. If price holds below resistance, we can expect price to fall to 1.52500. However, if price breaks above, we must reevaluate price action. Due to the uncertainty of market...

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12hr Time Frame: Price is on a long-term uptrend and has broken above previous areas of resistance as new support. At the same time, we can see price is creating an inverted head and shoulders formation in confluence with long wicks pointing to the downside. If price holds above this zone, we can anticipate longs to 1.40000 and potentially 1.417500. However, if...

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Reading price action, we can that EURGBP is on a long term down trend so we should be looking for long term shorting opportunities, we can also see we had a huge shift to the downside with a potential retest of new resistance. If price manages to hold below this zone, we can look to sell it down to .85750. However, if price breaks back above current resistance, we...

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6hr Time Frame: Reading price action we can see EURUSD has shifted in momentum and has created higher swing lows in confluence with the break of the counter trend line and potential inverted head and shoulders. If price manages to hold above this zone, we can look for longs too 1.23000. If price breaks the current support zone, we must reevaluate price action. Due...

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Reading price action, we can see EURGBP had a huge shift in momentum to the downside, clearing .88000 key psychological support. If price pulls back and tests as new resistance in confluence with signs of rejection look to short this down to .87000 key psych. If price breaks above .88000, we must reevaluate price action. Due to the uncertainty of market fluidity,...

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Reading price action, we can see USDCAD has been making a series of higher highs and lows. Price created a double bottom at 1.27500 key psychological and reacted however we failed to clear 1.28500. soon after price aggressively snapped back to 1.27500. If price breaks below, we will be looking for shorts down to 1.27000. If price manages to hold look for longs...

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Daily Time Frame: Starting on the higher time frame we can see price has cleared strong areas of resistance and testing as new support. Reading the previous daily closure, we can see that price is reacting to 1.78750 key psychological support. 4hr Time Frame: Scaling down we can see price is testing support in confluence with the trend. If price manages to...

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Daily Time Frame: Starting on the higher time frame we can see price is testing a strong area of demand as price has reacted multiple times from this zone in the past. Reading the last few daily candle closures, we can see price is showing signs of slow down and potential reversal if we hold. 4hr Time Frame: Scaling down a time frame we can see price has had a...

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6hr Time Frame: Reading our price chart above we can see price is trending up with that being said we should be looking for long-term buying opportunities. Reading the data, we can see time and time again price has faked out in one direction and snapped back in the opposite direction causing trader to get enticed thus generating more liquidity. Once you read the...

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8hr Time Frame: Reading price we can see that EURGBP was created a new swing low and has failed to make any new highs beforehand. after the double top formation at .92000 key psychological resistance and immediately reacted and broke through .90000 key psychological support. If price holds below .90000 look for shorts down to .88750 key support. However, if price...

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4hr Timeframe: Reading price we can see EURGBP is still creating higher lows. Although we can see strong shifts in momentum to the downside. A price approached .90000 key psychological support price could not break and close below for the 3rd or 4th time. Notice price created a double bottom and had a reaction. Price broke our first counter trend line and is...

ChartAddicts

Daily Timeframe: Reading the daily chart above we can see that price is creating new highs and lows and closing bullish. With this type of momentum, we want to be trading in line with the market! 4hr Timeframe: Scaling down we can see price is on an uptrend and testing strong areas of support in confluence with the trend line. If price holds above this zone, we...