The pair broke the 1.4500 level than was then a level of supply/resistance and rallied for sometime and it has retested the zone turned into demand/support confluencing with the 61.8 FIB level and the upward trendline on the Daily and 4HR timeframe. Slowly as today ends, price further confirms potential bullish moves as it breaks above the downward channel and I...
Price action signals potential bullish continuation with some factors showing confluence; 1) Trendline bounce for the third time 2) Bounce on the 1.28500 retest 3) Bounce on the 61.8% FIB 4) Closure above the 20MA 5) Morning Star Candlestick pattern 6) The breakout of the minor timeframe consolidation zone. With all these criteriaz met we await the retest of the...
BTCUSD finally broke out of the range its been stuck in for a month and it looks to retest the breakout of the support turned into resistance at 29600 level and selloff from there towards 28400 level.
Currently stuck in a bullish continuation flag on the 4HR timeframe. A breakout and closure above the downtrend line gives the buy signal. Waiting for a retest of the breakout if it occurs gives clear buy signals.
The pair escaped a consolidation zone on the 4HR and 1HR Timeframe. It has retested the broken demand turned into supply and currently found resistance at 1.67655 zone. We short the pair based on this breakout and retest criteria.
Price moving in an uptrend as it forms an ascending triangle chart pattern. Been held twice on the 1.23400 Supply zone and twice on the up trendline as it now looks to make a 3rd touch. Signal for entry comes after price gets rejected on the trendline to go long.
As price continues the downtrend in a series of LL and LH, it retested the broken 0.9200 and has found a double top resistance. As it was also moving in a consolidation channel on the daily and 4HR TF it brokeout of the channel and looks to continue the drops targeting previous levels of Support. I look forward to shorting the pair.
Gold looks to be in formation of a symmetrical triangle with a potential bias of going up despite failure to close above the the 2000 price mark. As the week opens I expect price to touchdown on the upward trendline on the 4HR Timeframe that confluences the 61.8 zone of FIB and with candlesticks confirmation price might go long.