Price has reached my area of concern. Wait for confirmations, and look for a valid long entry.
BTCUSD: Price is making its way slowly to my area of concern @59000. That could be the spot to take longs, just in time for the big push up to new ATHs. Just keep in mind price is in a bearish structure (Rising Wedge). The support may crack and drop price. We'll monitor how price responds to that level when we get there. Meanwhile, I have been enjoying...
After a lovely uptrend, price looks to found itself on at the resistance line of a Bullish Wedge. Naturally, I expect price to head down to the support line of the pattern. Also, the PA shows price has broken structure, and is now retesting the previous lows on the HL levels. I would expect sellers to step in once price reaches between the 50 fib and 618 fib...
Just gave another chance for additional entry or initial entry for those that missed the original. Formed an M pattern, and retested the neckline.
Is BTC going to make a deeper retracement, and give an opportunity for a long entry? Perhaps?? With this idea, bear in mind I am late to cryptos, and playing catch up. I'm just applying some technical analysis to the market, and seeing how it goes. Let me know how I'm doing. ; ) HIt the LIKE button, and subscribe, if you want to support my efforts and enjoy...
AN seems to be giving the opportunity for a long position that eluded me last week. The bounce off of the demand zone, the breaking of the intermediate highs, shows strength in this pair.
A Pre-London set-up!
Pre-London Setup!
Keep an :eye: on this one, as it has entered my area of interest, near the 618 fib level, aligned with structural support, and OVS on Stochs. This is a strong uptrend, so looking for buys only. Wait for wick rejections from the level, and a bullish momentum candle up... like a bullish engulfer, a hammer, or morningstar formation. These are the confirmations...
AUDNZD has broken resistance and has come back to retest it as support. I look for price to continue upwards from this point. Please leave a comment or suggestion. A "LIKE" would also be nice! May pips be upon you.
Price had made a double top. Will it break the high? Or will it fall from this level like it did previously. The NFP is due in a few hours. We'll see how things go afterwards. This is a delicate situation..... Like and subscribe, people! Also, please leave me a comment! I want to hear from you! Thanks!
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With a weak USD, GU is moving up, closing above the resistance line of this multi-year Falling Wedge. That close signals more bullishness to follow. A close above 1.3400, breaking the minor resistance price has created, and I will look for a valid long entry.
Price came down a bit, revealing the wick of that very same candle, then it filled that wick with the next bullish candle, closing in on the HTF TL. It is likely going to reject from this TL, which goes back to 2007. This may take a week to develop, but it is something to watch!
OANDA:AUDJPY This is a LONG idea for this pair. It will take a minute to complete, but the wait will surely be worth it. On the last leg to complete this continuation pattern. I the 200 EMA will act as dynamic support when that leg comes down, and price will likely bounce to profit glory! Of course, one could short this pair to the support side trend line,...