Price has again broken through July's monthly resistance level and has continued this upward momentum. I plan to hold this trade overnight while anticipating that price will reach my intended target at 1.32656.
After a rather long spell of weeks and days of consolidation and multiple rejections of the support level priced at 1.30040, price has broken through July's monthy high level priced at 1.31710 which was a strong level of resistance. - Analysis will now be to see how price reacts and whether we can continue this bullish upward movement. - New target is for price...
DE30 Trade Idea. Currently price is bullish. Price has broken above the resistance level which now may slowly turn into a support level. Waiting for a possible retest of this level and a further confirmation before placing a buy trade. However, price has also met the daily high level and we could see a possible trend reversal should price fail to continue its...
Following my previous usd/chf trade analysis on the 10/07 price has now broken out this channel but has failed to remain above the channel and to possibly project to the upside. Price has now crept back into the channel with what looks to be a downward bearish movement however we are now seeing some bullish movement. Overall I speculate price will continue the...
Price is currently bullish however has failed to break out of this current channel. Overall trend on the 4H is bearish. Expecting price to remain in this channel with a projection towards the downside. R/R: 1:8
Speculating price to make a possible retest of the above resistance level and a failed breakout to occur resulting in a downtrend continuation. Overall GBP/JPY is looking bearish.
GBP/USD has made a series of higher highs and higher lows to confirm the uptrend. We have been met with a strong bearish engulfing candlestick to possibly hint at a trend reversal as shown. Thus, I am speculating price to drop to the downside. Should price drop below the current support level placed at 1.26091 this may produce a good trade setup. R/R - 1:4
eur/usd - long - Possibility of price breaking past this diagonal trend line for a possible trade setup. - R/R - 1:3
Price failed to break through the daily high for eur/usd at 1.13425. Price currently is in a bearish session. I anticipate price will try to break through the support level placed at 1.13304. I also speculate that price may retrace to the upside as opposed to breaking through and continuing the bearish movement.
Gold broke through the resistance level placed at 1797.136 and traced to the upside however failed to breakthrough the new resistance level placed. As a result, price struggled to break through this new level and started to break down towards the downside. Expectation is that price will continue towards the downside however I suspect a possible return to the...
Price on gold seems to be finding it difficult to break through the daily high resistance level placed at 1797.136. Speculating a sharp drop towards the downside forming thereafter as a result.
Strong breakout from the support level at 1.25040 causing a strong bullish spike. Expecting price to continue this bullish run.
Update. Price failed to break below the previous day's low causing it to become a strong level of support. Thus, price traced to the upside causing a bullish trend. I speculate that price will continue this uptrend. Also, waiting on a new higher low to form as a trade setup to enter on a buy trade.
Analysing whilst speculating to see if price breaks below this daily low (134.024) support level and makes a new low. However, a possible buy opportunity if price traces to the upside.