Price has broken the bullish wedge pattern and has retested it as support, also confluent with the 23.6% fib level. Moving averages have crossed over to the upside on the 4 hour chart. Target 1 is the -27% fib level, ~143.000
This pair has been in a strong bullish uptrend since mid- April, which incidentally is the first point of the bullish trendline. Since breaking the triangle formation in may, price has shot up, breaking the previous highs of ~189.654. This pair is all bullish and expected to rise further, however currently I am waiting for price to retest the previous highs of...
This pair has been in a bullish uptrend since Septermber 2014, abiding by a nice structure of higher highs and higher lows. During April and the beginning of May the pair was in consolidation, whilst being capped by a triangle formation. Since then the pair broke out of this formation and reached what would have been a target for many, the previous high of...
Drawing a daily fib, price failed to break the 50% level (also confluent with previous resistance, now support) on its bearish leg down. What followed on the 50% fib was a bullish engulfing candle indicating potential upwards momentum. Currently there are two drawn trendlines. If there is breakout of the inner trendline on the smaller timeframe it will warrant...
Potential long set up on the cable with a few confluences in place. Price currently lies in a region which is previous resistance, but now potential support. Inverse H&S pattern, where breakout has occurred with the retest at current support. The support level is also in line with a third touch of the trend line. Price is also sitting around the 38.2% fib,...