Have been trading the BTCUSD using trendline only. A bounce back to $5000 is possible if price break resistance trendlines but if resistance hold intacts then short.
Resistance trendline holding intact, price will move to support trendline.
Resistance trendline holding intact targeting the next support trendline at 148.50
Failed to break the resistance trendline, price is moving downside to 131.100
I believe there will be a retracement back to support trendline if the resistance trendline holds intact.
If the resistance trendline hold intact, I believe there will be a retracement back to 2400 area due to RSI Divergence.
Failure to break the third point trendline will take the pair back to 1.26500 area but a break of the third point trendline will invalidate my view
BTCUSD is trading within a channel and a break out of the upper channel will invalidate my view Target 1800
EURNZD rose to 1.58200 due to the Consumer price Index news, I sent out a trade recommendation Which net +200 pips but was unable to update here. This is another opportunity to buy at 1.56554 with stop loss at 1.55473 target 1.60000 area
BTCUSD broke the third point trendline at 2510 . The pair is currently retesting the trendline it broke on 3rd July. If it fails to penetrate back then upward movement back to 2544 cant be ruled out. On the downside a break in will take the pair to 2000 zone.
GBPUSD is trading within a channel and a break of the trendline resistance will take the pair to upper bollinger bands. On the downside a break out of the lower channel will invalidate my view.
On the upside the pair is currently trading within a channel and the RSI failed to break the upward trendline. I expect the pair to target the upper bollinger band at 0.76900 On the downside a break out of the channel will take the pair to lower bollinger band and that will invalidate my view.
Triangle break out, price might test the triangle. My Stop loss below it.
Going short targeting support at 1.74200. MACD cross over in 6 hours chart Pair trading in middle bollinger bands. On the upside a break above the channel will invalidate my view.
EURCAD is trading within a channel and break of the upward trendline prove the pair is targeting the lower channel point at 1.45500. On the upside a break above the channel invalidates my view.
Trendline break out !!!