The expected coming alt season may be at hand, if we can see dominance continue to drop from this zone. This coming week should shed more light on that direction.
BNB looking for an upward move back towards the ATH in the short term.
There is a bearish pressure on GBPUSD and with an expected stronger dollar, we will be taking this sells with a R:R of 1:3. On the technical, you can see the rejection from the previous daily high levels and a break below a certain support region.
Price has been rejected this week at the zone at 1.07921 and has now formed a double bottom which will potentially lead to a trend reversal. There was a lot of trapped liquidity at the lows and we should see a lot of it play out over the period of this trade as there will be a greater momentum on the pair. Good R:R, trade with proper risk management.
The break of the structure has provided an entry on a buy, the resistance turned support shows confirmation of the bullish movement. A good RRR of 1:2 is in place.
I expect price to follow through from the breakout and break the next resistance at 1.08738. With a good RRR and proper risk managment, this trade is good take.
Rising wedge pattern formed on the AUDUSD H4 frame, market has reached a good support and will most likely take a huge sell. i will try and update on this trade when market opens but if I don't you can enter the sell.
USDJPY is on it's way to a new low, the breakout from the ascending triangle has been confirmed and once the pair has properly retested, it will provide a perfect entry. There are 3 take profit points but I have highlighted 2 on the chart using 2 short positions. The trade represents a solid RRR.
GBPJPY is still meant to maintain it's bullish momentum so price may not fall just yet, but we will observe a break of this structure to know the next move on this pair. The rising wedge isn't as proper as i would expect but we will still monitor market movement for now.
There has been a retest of the CADJPY H4 head and shulders trendline, makung a good entry opportunity
This is a 2nd outlook that the trade is already active, so I will be watching the retest of the breakout closely and will try to update as soon as possible.
Bitcoin is about to reach new heights after breaking out from this zone. After a proper retest, I will send a signal to buy this pair. The move should come with a lot of momentum.
H&S Formation as well as the clear price action indicating a crossover and retest of the trendline and support.
USDJPY has continues it's bullish run from the head and shoulders after a solid retest and now a breakout provides a entry to buy. I will try to send a signal if i get a better entry
AUDUSD has made a retest on the larger time frame, this breakout simply provides a good opportunity to get in on the buy.
With a little downard push towards the trendline, the trade will be active. It may take some time, but I expect a bullish run after that. Good RRR of almost 1:5.
The trade is not ready so short buys may be taken on this pair. A retest to the resistance should be the necessary pullback for the continuation of the downtrend. Scenario 2, to be safer is you wait for the break of the support and then sell the retest to the newly formed resistance.
This trade shows the break of the trendline on the D1 and the inverse head and shoulders as a confirmation shows the bullish movement on this pair