Sitting perfectly in an important zone which can be seen clearly on the 4hr and daily charts. I will be sitting and waiting for this pair to breakout to the upside and potentially reach 0.7550 area. One to watch for now and sitting inside the watchlist, maybe a clear break of the 4hr trend line could be enough...
Entered into a long position with the Aussie Dollar this morning (as per my previous analysis) and knowing EURUSD moves in conjunction the analysis lined up for a long position on this pair also. Stop loss now at break even and looking at shifting it into profit as it reaches the higher levels later today.
A simple candle formation here, Aussie pushed out of the wedge during the Asian session and has maintained a strong upside movement through the remainder of today. I will be taking this pair up to the previous high of 0.77657 . A buy order outside of the wedge would have entered you into the trade whilst you slept and now into deep profit. Simple simple simple chart work.
See how this week closes, maybe a bounce from trend line. Look for some bullish price action on the daily come Monday and buy buy buy!
The last three days the 8k level has been bashed into numerous amounts of times. 8.2k seems to also be a small target down in this area but from my honest opinion, the institutions are having games at this lower price; allowing the rest of us to follow suit. Could this be the end of Bitcoin ruling the top of the table after all of these years? Ripple... Litecoin....
Trendiness can be your best friend sometimes... Perfect rejection of trend line and a swing down to my target. Another target hit and 40+ pips gained
Who else caught the swing of GBPJPY earlier in the week? Nice little setup down to the 147 level
What a trade this would have been. Simple setup, set a buy limit above trend line at a respectable level. If it breaks to the upside then your in, if it doesn't then your order will not be activated and you can continue to be patient. Upside move to 1.40500 possible?
Will we see a break of 23% retracement level? And a push below 8500 ?
The US Dollar has been motoring over the Loonie for a while now and it has reached a demand point which has shown to be a turning point. We could see this pair going down to possibly 1.25000 psychological level.
I caught the last drop from the previous high created and now price currently being rejected on the trend line. Who's going to catch the upside move?
I'm in this down to the demand zone and psychological level of .7200 - Gets busy later on with US news so will be watching closely.
WAIT for this pair to break the wedge, it's stuck in a consolidation period so hold tight and let it break either way.
Will we see a break of the 89.90 level to start the rally upwards and back into known territory for the Dollar? Could 92 / 93 be on the cards...
A clear break of the counter trendline with a consistent powerful show coming from the bears in this market. Do we go back down to the 6k mark? Or will we have trouble breaking 8600 - 8500 ?
Perfect pinbar candlestick formed on Tuesday showing some bearish control coming back into play. 10281 price is showing some resistance and a key level so lets see if the retracement now completes and breaks back through 38.20%.
Could Bitcoin have the potential to reach the key area of $5,800 mark?