GBPUSD after hitting the weekly resistance at 1.34 couldn't break above. The price has been held on the uptrend by an ascending trendline. IF the price will break below the 1.33 level we can look for a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Hello my friends, I got another setup coming for you today. Another pair with JPY which is GBPJPY. I am using daily timeframe for this setup so don't expect price to move quickly along with our direction. Noticed that price already break below the ascending trendline with a solid candle close from previous candle. This upwards movement was only a retest of...
adaniports is failing to sustain above resistance level of 362 and is taking support on ascending trendline, which if broken, there can be shorting opportunity in tomorrows session around 359 for target of 356 and even it can fall down further to fill up the gap
Technicals: MACD: Death cross has already been established with no signs of potential golden cross to be seen. RSI: RSI shows that there is a little bit more space towards the downside before reversal.
usdcad weekly chart now approaching the key ascending trend line where we can look for potential long opportunities
Price has come out of the Daily Demand Zone and is currently at 1.7590 and is going upward in an Ascending Pattern. The pair turned bullish when the Euro increased in strength last week. Buyers are pushing price upwards into the Daily Supply Zone. The Bulls have filled the Gap/Void between 1.7554 and 1.7590. Anyone who sold at FOZ and did not exit should be in...
After experiencing another rejection from the previous resistance area, price appears to have shifted in momentum. We are moving downwards and expecting to see the price slow down around the 0.618 Fib retracement level. It also corresponds well with our previous resistance line (which is now acting as support), and on top of that, there is the respectable...
will we get a break of this ascending trend line and a move towards the downside going into next week?
USDCAD - Ascending Trend line has broken and a rejection off the 50% Fib indicates a move towards the downside for UC
As last post suggested we broke down off the top of the now 4day descending channel with double resistance strong arming an already weakening price trend. With the current downward trajectory there will be chance for some support to bounce BTC back up starting @ $9140 in an attempt to re-engage resistance. I wont pretend I didnt see that insane $400+ price swing,...
Wow what a ride! We saw BTC test the 5 years ascending trendline twice now and both times it held, though not without a fight the first time. After touching down a second time the price went fairly viral and has been running on an impressively strong 10-day ascending trendline now. That little trendline is so strong that we broke through the top of the channel of...
Two major adjustments here to my previous TA for BTC. I realized that the trend that kicked off this run to $14k was actually a continuation of the trend that started @$250 in 2015, this caused the line to slightly tilt clockwise pushing the date to the right for intersection of this multi-month descending channel and the overall ascending trend line which I...
Hugely positive development last month in BAC. Stock finally broke above the descending trendline it had bumped up against repeatedly in 2018. I think you have to back up the truck on any pullback to the ascending trendline.
Bullish price action reversal on the H1. SL below the weekly pivot s1 and TP around older week pivot R1.
Price Action (Technical Analysis): We see Sellers are beginning to gain confidence as price was rejected when entering our Resistance Zone. It is common to see Price Copy its Previous Pattern, we seen price attempt in the same pattern to break our Weekly Resistance and instead brought back down, Buyers are attempting to break above one more time but from what I...
Morning traders We have a clean simple trade setup on long British Pound versus Australian dollar with an ascending trendline holding after multiple taps since the start of July following a Bullish Engulfing line on the daily at end of month. Additionally we have an ascending support on RSI and a crossover on Stochastics pointing to the support line once again...
The weekly stochrsis ascending support trendline has performed phenomenally this entire bull run. It still refuses to submit or bend the knee. Each time during the bullrun i seemed as if the big 31-41% correction was finally about to happen the fall was stopped short as the bullish momentum was bounced up off of this trendline. Once again this has happened to our...
nzdchf has reached weekly zone (purple) and is in line with ascending trendline which has shown very big moves to the upside.