EURAUD 4H (Break or Bounce?!)Price is back at its daily uptrend line / Daily support. Watch price action during London session to see whether price will break or bounce from the decision point it is at now.
Break
BCHUSD Flag Formation: Next long set-up on breakBCHUSD Update
What a difference a week makes. Within hours of the last comment BCH had fallen away to a low at 1631, 7 points
lower than the perfect entry point at 1638, before ripping 300% higher in 6 days flat. Facebook eat your heart out.
Now it's in the process of making a flag formation which will stay good so long as the rising dynamic from the beginning of
the move holds up price on all tests. A break above the upper parallel that's containing this downwave will be worth
following for another retest of the highs...
And on the flip side of this particular coin, if that dynamic from the 'lows' at 1766 gets broken at any point now it will
then fall away further down the same parallel to 2420 where it should bounce once more.Although it looks more likely to
break up rather than down from here, we don't really have to second guess this right now. The chart will tell us and we
can follow.
LTCBTC - AB=CD anticipation after Few day high break in H1if price breaks this high - anticipating pullback and continuation into AB=CD formation corresponding with historical highs.
EURNZD DAILYPrice broke out of its daily channel to the downside & is back up retesting the broken trendline. However, euro is very bullish right now so I will not consider taking this trade until further confirmation & rejection of the level price is testing now .. Price may pop back up into the channel again we will have to wait & see
GBPCHF 4HPrice back down at daily support again & has been ranging between the 61.8% & 50% fib level.. Price tried multiple times to break the level its at now but quickly pushed back to the upside, & has rejected this support level since the market has opened. So I am anticipating a bounce from here a break of this support zone will send this pair steep to the downside
AUDNZD 60Simple support & resistance in play.. Watching for a close above CTL for buy opportunities ... :)
GBPCHF 4HPrice is at daily support / trendline support. It is very likely that price from here can see a bounce back to the upside, however if we get a break & retest to the downside I will be looking for potential shorts..
TenX Pay is trying to break its resistance lines. Hope it will clearly breaks the downtrend line and also breaks the red horizontal resistance line in coming days. Happy Pay Days ahead!!!
NZDUSD 4HPrice finished off the week with a bullish engulfing weekly candle close, rejecting at a key weekly support level. Seems to have broke out of its 4 hour channel as well as breaking & closing above daily resistance turning support. I will be looking for buy opportunities if price can stay above daily support its above now .!
AUDJPY DAILYPrice is in a downtrend making lower lows & highs after breaking its weekly uptrend, price may touch the 61.8% level before continuing to the downside.. Expecting a lower low this upcoming week...
GBPNZD 4HNice potential setup, price trapped in a small range & is due for a breakout shortly. Watching for a break of the uptrend line & retest for shorts.. A break of resistance may send this pair to the top of its channel..
HOFT - Upward channel breakdown from $40.43 to $32.43 & LowerHOFT is breaking down from an upward channel formation. Twiggs money flow is deep on the negative side, and there was some insider selling. We think it has good downside potential if it breaks its recent support label around $40.43
* Trade Criteria *
Date First Found- December 14, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $40.43
Exit Target Criteria- 1st Target $32.43, 2nd Target $25.13
Stop Loss Criteria- $45.13
Indicator Notes- Twiggs money flow deep on the negative side.
Special Note- Some insider selling in September
Please check back for Trade updates. (Note: Trade update is little delayed here.)
TRMB - short from current price to $32.57 & $40 May-18 Puts TRMB is just breaking down through support from a beautiful upward channel formation. Money flow is very negative, and it has massive insider selling.
We think it has very good downside potential. This would be a good stock short however, we would also consider $40 May-18 Puts.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- May $40 puts
Exit Target Criteria-1st Target $32.57, 2nd Target $28.63
Stop Loss Criteria- $44.17 or $42.13
Indicator Notes- Moneyflow divergence
Special Note- Massive insider selling, big on % wise
Please check back for Trade updates. (Note: Trade update is little delayed here.)
EURAUD DAILYPrice now near its daily uptrend after moving over 200+ pips this week.. Price is rejecting nicely, could we see a bounce from here!?
GBPCAD 4HWatching for a break above resistance for potential buys. GBP news in the am coming shortly, could see a strong move to the upside
USDJPY 4HPrice broke its uptrend line, FOMC meeting went bearish & the dollar will continue weaker I believe.. Watch for a potential retest to the 50% fib or a break & retest of the support price is at now..
CADJPY 4HPrice is looking to break lower to the downside, I will be watching for price to break the 38.2% fib level & retest below the CTL for potential shorts, further confirmation needed so I will wait until price plays out : )
EURNZD DAILYPrice is now at a decision point (Uptrend line) where im watching for a break & retest or a bounce to the upside, as it looks like price is sitting on the 50% fib as well. Will need extra confirmation because the 50 fib is not always 100% accurate..
XAUUSD 60 (GOLD)Simple support and resistance in play, price broke a strong area of daily support & came back to retest, now looking for a continuation of the downtrend to the next level of weekly support at the 1225 area..
EURCAD 4HPrice rejecting daily resistance multiple times, showing there is a higher probability of shorts.. However I will be watching for a break of the CTL & retest before entering short. If price breaks above the resistance its testing currently, I will look to buy up to weekly resistance. Lets see how price action plays out!
