GBPJPY is trading inside bullish pennant, the possibility of price breaking the pennant is high because the previous daily candle closed bullish but only if fundamental events didn't interfere. If 195.000 resistance eventually break, then price might push up to 200.000 resistance before making a retest for the bullish continuation.
GBPJPY is trading inside bullish pennant , the possibility of price breaking the pennant is high because the previous daily candle closed bullish but only if fundamental events didn't interfere . If 195.000 resistance eventually break, then price might push up to 200.000 resistance before making a retest for the bullish continuation.
Two logical scenarios are possible here, price can test the resistance and bounce back to retest the the pennant before continuation or break the resistance and continue upward movement.
EURUSD broke out of up trend and the down side of a pennant . though the sell might not hold for a long time but it portrays a sell signal
ALGO portrays a bull structure, most alt coins are currently correlating with bitcoin. Price broke out of bullish wedge which is a strong bull signal . We hope for retest of the wedge and upward continuation
LINK broke out of consolidation phase . IT also broke out of downward counter channel and 15.27 resistance level signaling a potential upward movement. If price eventually break out of the main channel ,the bullish trend will hold.
Ripple is about to fly to 3000.00. strong bullish flag spotted
GBPAUD broke a trend line , it is about distribution phase . Calmly waiting for the retest of trend for a potential sell opportunity.
XAUUSD IS currently trending down , uptrend is clearly broken .we are patiently waiting price to retest the trend and order blog for a potential sell opportunity.
USOIL is currently on down trend , it break a structure and retested it the first time , it is about to retest it the second time for a potential sell(distribution)
US30/WALLSTREET30 is on down trend. It made an impulse ,retested two times and it is about to continue with impulsive movement
Double scenarios are possible on bitcoin.If price eventually break above the trend-line, bull run will automatically be activated on BTC, But if bounced on the trend line and give a strong bearish signals , the down trend might continue. In general sense: BTC has a bullish outlook as it is trading inside a falling wedge. Double bottom happened on the support...
Hey traders ! 86,208,.80 is BTCUSD’s new resistance level, the pair remains bearish until price breaks the resistance level. We are looking for a sell opportunity around that level , let’s keep observing and monitoring price movements.
UK100 level with strong bull candles ,it is trading inside a bullish wedge and a break out to the upsides is being expectected
CADJPY is currently trending down ,it has bounced on the trend line two times, waiting for the third bounce on the trendline and possibly on the 200 Moving Average for a potential sell opportunity.
GBPUSD is currently trending up, it has matched the trend line the second time , patiently waiting for the bounce on the trend for the third time .
USDCHF is currently trending down, making a series of lows and lower lows hence we are anticipating a third bounce on the trendline for a potential sell opportunity
GBPJPY is currently trading inside a triangle , it bounced on the trendline for the third tine around a resistance level .Lets closely watch for a sell opportunity