8miles

8miles

A new look at the AUDUSD. Price did not break to the upside. Its still going down and has broken two trendlines. A break of the third one should send this pair into oblivion. Definitely to support at .67 and the next support after that is on the weekly chart at .60!! Keep a close eye on this pair.

8miles

USDCAD looking to break its uptrend line. I already posted last week that I was going short with this one and my bias is still the same. My little yellow support line was my decision point that if price broke below it I would be bearish on the pair and thats whats exactly happened. Price actually retested that broken support line and made for a nice resistance. A...

8miles

Heres some updated analysis on the EURUSD. Price broke out of the pattern, broke and retested a little mini trend while forming another one lol. I'm still short this pair, looking for it to finally follow through and make its way down.

8miles

BTCUSD making a pendant consolidation pattern on the 1hr chart. Since BTC is up trending i am expecting this to break to the upside but look for a break in either direction. Since there is both support and resistance when it breaks wait for a retest of broken trend line.

8miles

AUDJPY bouncing off a pretty strong support zone for upward trend continuation. Its bouncing off the uptrend, retesting broken resistance which is now support, and if you look left the horizontal line has been touched many times including on the weekly chart. Looking for targets at around 73 for first and 74 for second before falling again. If price doesn't hold...

8miles

EURGBP currently breaking out of pendant pattern to the downside and retesting the trend line. Looking for this pair to move further to the main trend line at around .90

8miles

USDCAD just broke its uptrend making new lows. Currently about to make a new low and ultimately aim for 1.3021. We have lots of strong support areas before we get there so it might take some time. Maybe a few pullbacks or maybe a straight drop through. USDJPY and USDCHF just made some significant drops last week after breaking trend so hopefully the USDCAD will...

8miles Updated 

NZDUSD is currently moving up towards previous broken support which is now resistance. After that strong bearish candle to the left our current little uptrend is most likely just a pullback. Look for break of trend line to the downside. White lines are support when price moves down so be careful.

8miles Updated 

A wedge pattern has formed on the 1hr chart for the EURJPY. Price is likely to break to the upside, but look for a break in either direction. Upside targets are around 119.80 for first targets and 120.40 for second target. Wait for a pullback if breaking to the upside but if breaking to the downside there most likely won't be a pullback considering theres no...

8miles

AUDUSD has recently broke a downtrend line and is currently looking to break through a major resistance line. Looking for upside move to about .69 with stops around .6740. If stopped out price could continue its down trend and make a new low under .67. Entries could be either at the break of resistance or wait for the next pullback.

8miles

Pendant pattern forming on the 1H chart. Looking for a break in either direction for entry. A retest would be the best entry after price breaks either up or down. After price breaks through it still has either support or resistance so be patient. Upside targets around 1.1380 downside target would be 1.1113 for first target and around 1.1025 for the next....

8miles

Usdcad looking to continue its downtrend. Next level of support is around the 1.28 area.

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Following this thing on the 1 hour chart we have a bullish move upwards followed by a pendant shape consolidation. I am looking for a break upwards out of the range for an entry position.

8miles

On the 1 hour chart we have a bullish move upward followed by a pendant shape consolidation. Looking for the move upwards out of that consolidation for entry position.

8miles

DOPE/USD consolidating on support after this downtrend. A break upwards would have this thing heading back to previous resistance or a break of support can downtrend even further.

8miles

Looks like LENS broke previous support. Shorting opportunity, maybe?

8miles

Will this break up, down, or stay in range?