GBPCAD 4HPrice is in a tight range currently, we could see a potential breakout to the downside to retest its broken trendline, before continuing its uptrend.. Watch price once at the green zone
Break
Lisk View After The RallyFollowing the previous idea on Lisk , it has reached the final upside target near $40 and rejected it. Now the picture of the further development of Lisk against USD is not that clear. After rejecting $40 resistance price went back and currently testing the support at 527.2% Fibonacci, that is $28.
It remains to be seen if this support level will hold or not. Break and close below the $28 should push Lisk further down, perhaps to the next support level at $20 area. While if the $28 support will be respected, there are all chances that Lisk will continue the uptrend and could go up to $56, that is another 100% growth potential.
All-in-all, currently Lisk is not the most attractive coin as the downside pressure remains. Only a break above the $38 could confirm the continuation of the uptrend.
GBPAUD 4HNice potential short this week, double top at strong resistance. Now will be looking for a break of that trendline for potential shorts down to recent lows or a new lower low..
EURNZD 4HPotential break of the downtrend channel & resistance broken. Now coming for a retest before making a strong move to the upside!
EURAUD 4HPrice made a strong move & broke above its downtrend line, now looking for entry on the retest of the 38.2%/50% fibonacci level for buy opportunities. If you take a closer look the retest could form a nice inverse H&S pattern, showing great confirmation! : )
Trade safe!
GBPNZD 4HWatch for a break & retest of the downtrend line for potential longs, price closed with a strong bullish engulfing candle, & bounce off a strong weekly reversal zone, price could now be ready to change trend direction will be watching closely..
CADJPY DAILYPrice broke its channel to the upside, came back to retest & looks to have closed back above 89.000 Key level. CAD rate hikes this coming week we may see a strong move higher !
ETHUSD 1H BREAK-HOOK-GOPair is in a current break-hook-go long
Price needs to breakout current swing high
Buy Stop @ 1418.80
Take Profit @ 1634.11
CADCHF DAILYPrice looks to have broke its daily downtrend, rejecting daily support with a doji candle as well. 20 MA crossing over the 50 MA showing some bullish momentum is about to take place. Lets observe..
EURNZD 4H4 hour candle close breakout confirmed, now looking for shorts down to the next area of support..
GBPAUD 4HPrice is stalling, trying to build back some momentum sitting between daily resistance & weekly support, waiting for a break below for a continuation of price's downtrend..
XAUUSD 4HPrice respecting its uptrend line, making its 3rd touch before pushing to the upside. Price broke its CTL, now coming for a retest, & should continue up to its next area of daily resistance ..
USDCAD 60Price broke its higher time frame counter trendline & is coming back for a retest. Now looking to create a lower high before continuing its downtrend..
USDCHF 60Will be watching for price action to choose a direction, currently I believe bullish but will wait for more confirmation..
EURCAD DAILYPrice getting close to reaching its ascending trendline, & is approaching a strong level or support. Will be see a break or bounce?! I'm anticipating a bounce.. but time will tell
AUDCHF 2HCTL Broken, higher high still waiting for completion. Resistance level now turned support ready for a continuation higher now !
Possible long for Ethereum - Dollar ETHUSDAs we can see a flag has been formed, now we have to wait till it breaks. After we may see a swing to the resistance line around the 850 zone. A retest of the line that has been broken and another swing and break of the 850 line is possible.
USDJPY DAILYInteresting look here on this pair, it seems like price is failing to break 1.12200 area of support, watching to see if price can break the CTL for potential longs on this pair. Watching to see how this plays out closely
CADJPY DAILYWaiting for a daily closure above 89.810 for buy opportunities. Price broke back up above weekly resistance, now should move up towards the next level of resistance.. Waiting for further confirmation.
XAUUSD 60Price is in a clean moving consolidation between 1325 resistance & daily support at 1305. Price is sitting on a supply level, where we can get either a break below back to the bottom of consolidation of a break higher to weekly resistance 1337 (New higher high). NFP tomorrow I will not be looking to trade but It will give me an idea on whats next for the US dollar..
Trade safe!
BTC buy on the breaksBTC bitcoin is behaving as usual, nothing surprising. Looking at how it moves when it breaks a resistance we can clearly see today is no different. A pending order on the break of resistance would be great. You could buy down at support as well but that maybe a little more risky. Watch for a good price action rejection sign if you do. Good luck!
GBPJPY 4HLooks like price is having some trouble at daily resistance 152.500, & is now in a 60 pip range between support & resistance.. We have pound data coming out in 30 minutes which will give us a better idea of what price action is looking to do. Will be watching to see if price can close back below the 61.8% fibonacci level & trendline for shorts
XRP preparing for a big moveBreak-out confirmed. First two stops are on the chart. Good indication for huge upswing potential if price action hits these. Volume is picking back up after the holidays. Set your stop and enjoy the ride!
