GBPUSD: Potential Reversal at Key ResistanceGBPUSD is currently trading around 1.2966, with an upward trendline providing support. The chart shows a potential approach towards the resistance zone around 1.3043 (highlighted in red), which could act as a barrier for further upside.
If GBPUSD reaches this resistance and fails to break above it, a downward reversal is possible, with a likely target back towards the lower support levels around 1.2950. The green zone around 1.3000 also represents a critical area where a decision point could form—either confirming a continuation upwards or signaling a shift in momentum towards the downside.
Trendine
Bitcoin Shows Upward Momentum, Targets Key ResistanceBitcoin (BTCUSDT) is displaying an upward trend, currently trading around $69,078 as it nears critical resistance levels. The chart suggests BTC is consolidating within an ascending channel, with immediate resistance expected around the $70,000 mark. A break above this zone could propel BTC towards the $72,755 target, signaling stronger bullish momentum.
Analysts highlight that maintaining support above $68,730 is crucial for sustaining this upward move. Market sentiment remains cautiously optimistic, with traders closely watching for potential breakout signals in the coming sessions.
TRENDLINE STRATEGY!! TRADING WITH TRENDLINES IN 2022This tutorial video discusses how to use trendline as a trading strategy on any timeframe or market including FOREX, STOCKS or CRYPTO. DROP A LIKE AND SHARE WITH OTHER PEOPLE.
P.S NOT A FINANCIAL ADVISOR... JUST FOR EDUCATIONAL AND LEARNING PURPOSES ONLY...
$AGLE Next Target PTs 1-1.50 and higherAeglea BioTherapeutics, Inc., a clinical-stage biotechnology company, designs and develops human enzyme therapeutics for the treatment of patients and families with rare metabolic diseases. The company's lead product candidate is pegzilarginase, a recombinant human Arginase 1 that is in Phase III PEACE trial to evaluate the safety and efficacy for the treatment of Arginase 1 deficiency. It also develops AGLE-177, a polyethylene glycol modified, which is in Phase I/II clinical trial for the treatment of patient with homocystinuria. In addition, the company's preclinical pipeline includes AGLE-325 for the treatment of cystinuria, as well as other research programs. The company was formerly known as Aeglea BioTherapeutics Holdings, LLC and changed its name to Aeglea BioTherapeutics, Inc. in March 2015. Aeglea BioTherapeutics, Inc. was founded in 2013 and is headquartered in Austin, Texas.
BTC - Has Bitcoin broken a multi-year trend to the upside?I keep going back to my Weekly chart because every time I study it I seem to find something new. As you can see on this chart the baby blue line is a multi-year trend in which the price has either been forced to stay below it or on one occasion bust North above it. There are just too many touch points IMO not to be significant. Also notice the two yellow arrows. The one on the left points out the first time BTC rose above this line followed by a touch-back to test the line. Then the price rocketed to almost $20K. Now look at where the blue line and price are today. If this line is accurate, we are currently on the top of it. The question is whether we are setting up for another violent run North like before, or, will the Bears manage to push the price back below the line?
Full Disclosure: I'm still long and plan to be for quite some time.
I hope you like this new long term perspective.
Good luck!
USDJPY - Is The Dollar In Trouble ? After seeing a series of higher highs and higher lows in a corrective ascending channel, we've now seen a lower high made which could potentially break structure. This was also the 3rd touch off the descending trend line around the 78.6% Fibonacci level. We then saw a break & retest of the ascending channel off the 61.8% Fibonacci level giving us the perfect entry for a sell.
I have an entry and will be looking for more retracements to enter on this pair. News may also play a role as we have the FOMC Press Conference, announcing economic projections and Federal Funds Rate, as well as the first quarterly GDP statistics. These are volatile news events so take note of the date and time. There is also plenty more data coming out for the USD so I believe we can see the Japanese Yen being treated as a safe haven.
As always, trade with risk management and have a great trading week !
Instagram: keownarcher
AUDNZD - PUT THIS ON YOUR WATCHLIST RIGHT NOWThis trade may be turning up faster than anticipated. My original prediction stated that it would probably fall and retest its trend line break, but it seems that this pair may just be headed upward without it. Watch this one! If I see a candle pattern I like I will go long and update this post.
FSLR BREAKING DOWN ON WEEKLY; GREAT SHORT R/RFSLR has been behaving very well within technical levels on the weekly, and has been trading in a range for a few years. A strong weekly trendline has just broken, and if it can make NEW LOWS on the daily, it will head to 45.43, next area of support where it will probably bounce. a decent stop would be above the dotted trendline above.
I could see it crashing through 40.52, which is huge weekly support, testing from below, then heading to 33 area in a few months. This will take a long time to play out.
let me know your thoughts.