LeonardoSousa

LeonardoSousa

EUR/GBP is reaching its descending channel so here are a few things to take into account: For Longs: -Price has rejected the big support zone below it; -It's making its 3rd touch on top of a descending channel; -If we can see a clear break of the channel and the 200MA on the 4H, we might wait for a re-test for a long position; For Shorts: -If price rejects the...

LeonardoSousa

-USD/GBP broke it's trendline and a resistance level; -It is now retesting that level so a good opportunity for a long position is on the table; Do always use stop-losses and remember this is not financial advice.

LeonardoSousa

Ethereum is currently moving upside on the 4H chart, however: -It is making a 3rd touch on its ascending channel as well as it is touching the resistance level of 236-240; -Price is way above the moving averages on the Daily Chart; -RSI is overbought on the Daily Chart; Right now, the smartest option is waiting to see what happens: -If we see a price rejection...

LeonardoSousa

-EUR/JPY broke it's ascending channel and has also already broken the 120.85-121.40 area which was acting as support; -Price has touched 3 times the upper channel line and 3 times the lower channel line; -Although RSI is oversold on the 4H chart, there's a big chance this is moving to the downside; -Look for entries on a retest and remember this is a volatile...

LeonardoSousa

Price broke a corrective ascending channel after rejecting the 1.19-1.24 resistance zone, so it will probably head down. Try to catch the retest of that channel on a lower time frame for a short position. A possible first target would be at around 1.10 and a second one at around 1.09. Do always use stop-losses and remember this is not financial advice.

LeonardoSousa

USD/CAD is getting really close to make it's 3rd touch on the upside, which coincides with the 1.464-1.468 resistance zone of it's descending channel so a breakout it's possible. Since this is a volatile market there are a few thing you should take into account: For longs: -Wait for a decisive candle close above the channel and the resistance zone and look for...

LeonardoSousa

AUD/JPY is being rejected by the resistance zone of 75.93-76.15 for the moment. We can't predict the market, so you should have this 2 scenarios in mind: Short: -Price has already touched 3 times the upside of the ascending channel and it might try to make its 3rd touch on the bottom of that same channel; -It's making kind of a head and shoulders formation; -For...

LeonardoSousa Updated 

Bitcoin is now trying to break out of it's descending channel. -Price has touched the upside of the channel twice and it's bottom 3 times; -It rejected twice the support zone of 6400-6700; For this to be confirmed as a real breakout and make a big move to the upside, wait for a decisive 1D candle close above the channel. Price might test the 8800-9000 zone...

LeonardoSousa

Here is a technical analysis of Advanced Micro Devices stocks: -AMD is now making its 3rd touch on the ascending channel which coincides with a resistance zone set by the high of May 2000; -RSI is oversold on the Monthy, Weekly and Daily charts; -Bearish divergence on the Daily chart; Considering the abovementioned facts, probabilities point for a move to the...

LeonardoSousa

As you guys can see, we are now trying to break this descending channel on the daily chart, after the rejection of the support zone between 0.828-0.828. Because this is volatile market and we can't predict the future, there are 2 possible scenarios: For LONGS: -We are bouncing on the 50 MA; -Wait for a confirmation of the break out, a good 1D candle close above...

LeonardoSousa

We have touched our ascending channel for the 3rd time and so we can expect a move to the downside. For confirmation, wait for a break of the resistance box/level in green and try to catch a re-test of that same level at a lower time frame. Do always use your stop-losses and remember this is not financial advice.

LeonardoSousa

We are now making the 3rd touch of the ascending channel and we have also rejected the resistance level, so price might break the channel to the downside. But since this is a volatile market, it's safer to wait for confirmation, a 4h candle close below the channel would be great. If we see a big rejection of the channel and a move to the upside, we can then look...

LeonardoSousa Updated 

We are aproaching the 1.11600-1.11825 resistance zone and we might be touching the descending channel for the third time, so 2 different scenarios are on the table: For longs: -Wait for a clear breakout of the channel and a re-test of the resistance zone. For shorts: -We have rejected the 200 MA on the daily chart; -Wait for 1D red candle close below the 200...

LeonardoSousa

As we are aproaching the apex this triangle formation on the 4H chart, we might see a breakout. For longs: -Wait for a 4H candle break to the upside and a re-test at the resistance zone 7800-7900; -Possible target: resistance zone 8800-8950, which might touch our descending channel; For shorts: -Wait for a break of the triangle to the downside and a re-test...