NZDCHF 4HWatch for a break of the demand zone price has been rejecting, & a break & retest of the counter uptrend line for a downtrend continuation down to its previous lows.
Break
AUDNZD 4HPrice created a inverse Head on Shoulders pattern, recently breaking above the neckline & now price is retesting broken resistance as new support now. NZD press conference shortly will be watching price action...
ETCBTC Ethereum Classic Bitcoin Next Buy PointETCBTC Ethereum Classic Bitcoin
First important resistance lies at 3378-3385 - once it can clear
this range it should start to attract more buyers and begin to
fly higher still spiking into the 3530-3597 range - maybe not a
bad area to hang some limit orders
GBPJPY 4HPrice is a bit choppy right now after moving in a downtrend for the past few weeks, now I will be waiting for a breakout & price to pick a direction. Price could go back to the 151 area of down to 148 & lower potentially lets see how price moves this week
AUDNZD 4HPrice in a downtrend, now coming back again to reject off a 4 hour supply zone, & I will now watch for a reversal signal to enter short down to the previous lows & a new possible lower low..
EURGBP 4HPrice now retesting broken support, & broken trendline. Price came up for a lower high, now is it time for a new lower low?!
USDCAD 4HPrice broke though daily support with a bearish engulfing candle, & the previous candle before was a doji candle on the daily rejecting the 200 Ema. This is a big bearish reversal sign, so now I will be watching for a reversal candlestick to the broken pink zone retested as resistance, for potential entry! : )
USDJPY 4HDaily support broken, retested as new resistance & the downtrend continues.. Watching for a reversal candlestick pattern to 38.2 fibonacci resistance, for potential re entry first target is the previous low, & its possible price may make a new lower low this week
GBPCAD DAILYDouble top here to weekly resistance, also a potential shooting star rejection from this weekly candle closure to a strong zone.. Will be waiting for a break of support & the 4 hour uptrend line for shorts down to the initial daily uptrend line.
USDCHF 4HPrice under daily resistance, now I will be watching for a break of the counter uptrend line for potential entry.
AUDNZD 4HPrice broke its counter trendline with a bullish engulfing candle. Price now going towards a supply area, where I will be watching for a reversal candle to continue the downtrend, or a break above for a deeper retracement up to daily resistance (Purple zone). On the watchlist for the upcoming week!
GBPCAD 4HPrice broke daily resistance & validated as support, price should now make its way up towards 1.80000
USDJPY 4HPrice now getting close to its descending trendline & resistance, now waiting for a reversal candlestick to go short or a break & retest of resistance & the trendline to go long for a deeper retracement
EURCAD 4HWatching price for a breakout of bounce.. Price is rejecting off a strong weekly zone, we could see a potential reversal with cad pairs.. I will let price action tell the story
GBPAUD DailyAfter price made a false breakout, now we can see price may be coming up to make a triple top, where ill be watching for a rejection candlestick to enter short or a clean breakout & retest of the ascending trendline for entry.. Patience is key
AUDNZD 4Hprice following a nice downtrend, will now be watching for a break of support & retest rejection for continuation down to the next area of daily support..
EURUSD 4HPrice getting close to its ascending trendline, that will be the decision point for this pair whether price will bounce or break support & retest for a deeper pullback .
XAUUSD 4HApproaching trendline support, this will be the decision area whether price will bounce back to the upside or break & make a deeper pullback.
Correction incoming? How uptrend breaks fool peopleWe saw nice gains in the last 6 days, but was it easy to think long all the time?
BTC has pulled off two times the exact same trick to fool people into thinking bearish!
That pattern is "designed" to make it look bearish and get longs out and draw shorts in.
Then of course another big uptrend starts, fueled by people who buy in again and stops of shorts being hit!
In the chart I have shown how the structure works:
1. There is a nice big 1.leg up, clearly uptrend
2. Then several things happen, which make it look bearish:
- break of the uptrend line
- prices move below EMA
- 2 legs down (red arrows)
- finally there is even a support broken after two legs down
3. Now a (big) bullish candle marks the start of a new upward move, which then establishes a new 2. equal length leg up
Conclusion: If you see an "easy" short entry after a strong uptrend in Bitcoin, think twice and do not expect a big reversal right away.
These bearish structures are often the start of the 2.leg and can be very profitable entries (green arrows), but they are "harder" to take because of the more scary bearish signs.
What is happening right now?
Prices have reached the target of the last 2.leg at 11650. A little double top at 11550 was broken and we have a clear uptrend channel. It might look like super bullish, but this often a point from which a correction starts. The first downside target would be the 11240 level, which is the breakout area. There is also a possible bigger range, which gives a target of 10800.
CADCHF 2HI am active on this trade, price broke back above a supply zone, now validated as support. Very good risk to reward ratio & potential swing trade here.. Stop loss is the red line
Trade safe & let the pips be with you :) !
Re Analyze of EURUSDWaiting for a clear break of the trend line with a retest or a bounce back from the trendline.
There is quite a bit of news for both the Euro and the US in the coming hours so very minimal stop loss with minimal lot size .
EURNZD 4HSeeing a good potential short opportunity here.. Price retesting broken support as new resistance, & is at the 50% retracement level. Will be watching for a break & retest of the 38.2% fibonacci level for entry
