After a brief break in the market, oil started with a gap outside of the ascending channel. Therefore, I believe that it will take a short tumble down to the support line or very close to it. Like and comment! What do you think will happen to USOil?
You can see two things looking at this chart, a head and shoulders pattern and a descending channel. Once AU breaks out of the bottom of the channel and breaks the head and shoulders neck line, it will be a great time to get into a short position. What do you think? Like and comment!
LTC is in a rectangle right now, and short term that means it will come down a couple pips over the next couple 1h candles. After that, we should look for a breakout depending on whether it breaks support or resistence in the rectangle. What do you think? Like and comment!
Looking at the day chart, US30 has reached the top of the channel, and one of two things will happen. One being it will break out into a buy and the other being it will fall to the lower end of the channel. I believe it will fall to the bottom of the channel. What do you think? Like and comment!
NZDUSD is in a descending channel and I believe it will break out and be a great buy. We have to wait for confirmation on the buy, though. Once it breaks out the top of the channel, it should be a good time to buy. If it breaks the bottom it will be a good sell. What do you think? Like and comment!
Right now, Gold is in a square, but it looks like it could also be forming an inverted head and shoulders. We can wait for confirmation on which trend it will follow by seeing if it breaks the neck line of the head and shoulders or if it bounces off resistance of the square pattern. What do you think? Like and Comment!
BTC is in a rectangle, but the last couple candles have fallen into a descending wedge, a bullish pattern. I think it will go down to the bottom of the wedge and bounce off short term. Then I think it will make its way back up and breakout above the rectangle and the wedge. What do you think? Like and comment!
US oil is in a descending channel, and the support line help strong. I believe it will bounce off the support line, hit the top of the channel then fall through support making it a good candidate for a sell. What do you think? Like and comment!
The 1h chart for Ripple is in a head and shoulders, the right shoulder is formed but it has yet to break the neck line. If it breaks the neck line, Ripple will continue to fall even more. What do you think? Like and comment!
I think GBPUSD will fall, bounce off the support line, then become a great buy trade. We will have to wait for a channel break out break we can confirm bullish movement. What do you think? Like and comment!
XRPUSD is nearing the end of a symmetrical triangle. I believe a big bullish move is coming to soon. Ichimoku's cloud is showing an area of low support/resistance coming up and the lagging span is heading towards a bullish bias. What do you think? Like and comment!
XRP broke the neck line, but encountered some resistance lately. I think it will finish the fall and land at about .21128 according to fibs, If you got an entry by referring to my last XRP post, you would be up around 110 pips (.22223 entry). Hopefully we can catch a few more pips! What do you think? Like and comment!