Waiting for the price to break the upwards sloping trend line and then get a retest as new resistance. We would like that retest to coincide with the TOP of left shoulder and have price move lower. This is one to keep an eye for down the track. Aussie RBA statement release had already been priced into this market. No breaking news and rates remain on hold in...
Its not looking good for the flagship Crypto. Selling off is occurring everywhere across a lot of markets, not just the crypto currencies. Could we see price go to near initial float prices? Many hope not. Leave your comments below
88.50 TO 88.0 IS THE LAST POINT FOR PRICE TO GRAB HOLD AND REVERSE TO THE UPSIDE.
Head and shoulders Short term long trade, counter trend going by the weekly and monthly time frames. Waiting for the entry to develop roughly where my LONG ENTRY box is. It may not be precisely that location but thats what i'm waiting for. Its more important to get the area correct rather than the exact turning point. Watch those 4hr and 1hr charts and the 50...
We have the upwards sloping red monthly trend line. The blue weekly level. The orange daily trend line all aligning. DOLLAR LONG IS ABOUT TO GET SOME SERIOUS SUPPORT.
After the coming weak i think we have the dollar hit a monthly upwards sloping trend line which has acted as support for the FXCM DXY previously. Despite the government shut down, I can see a zone where we may get support occur with the bounce off the monthly Trend line. I have defined my line in the sand with the rectangular area. If nothing else we may see a...
WEEKLY AND DAILY TIMEFRAMES ALIGNING. WAIT FOR DAILY PRICE TO GET BACK TO AND TEST .76500 ZONE (+/- 200 PIPS). THIS ALSO ALIGNS WITH THE DOWNWARDS TREND LINE/ SKEWED NECKLINE OF THE PREVIOUS HEAD AND SHOULDER PATTERN. WE WOULD HAVE A TRIPLE TOP AT THE (.76200 - .76400) LEVEL. THE DAILY 50 EMA WOULD BE ALIGNING WITH THIS AREA. DAILY STRATEGY :- PROTECT THE STOP...
Head and shoulder within head and shoulder. Pure price action. Please feel free to put out PROs and CONs.