MCERs

MCERs

Trading breakouts is not only fun and exiting(whether or not it goes your way) but its a great test to keep yourself engaged and focused on the market, as well as the task at hand which is seeking out retests and confirmations for your next breakout play. In this example we can see this pair with gained strength, since picking up momentum from its move up from the...

MCERs

EUR/NZD approaching resistance (purple line) on daily chart, would like to see a break and close on the trend line(in black) as well as keeping price moving above that R. We seemed to be gaining momentum since the beginning of August with an ema flip (yellow shade) as well as the bears being rejected on the 200 ema on the first leg up to R

MCERs Updated 

USD/CAD creeping at resistance level (1.3339), for momentum to be kept we would like to see a break and close of purple line only if purple line holds on retest higher prices should lay in the future. On the downside if price finds rejection in the green we could head down to the range low.

MCERs Updated 

BTC doing the thing it always does up and down is currently at the .618 level from the swing high and lows from the previous days. Bullish momentum here could signal a reach for higher prices above the .618, if price reacts this way we could see the .618 act as support. On the other hand if BTC gets rejected at the purple line we should see prices trend further...