Adefxc

Adefxc

I am currently bullish on Bitcoin, after moving from the past few weeks of consolidation, before breaking out of the 42000 Resistance zone. Then testing the 48000 R-level before falling back to retest the 42000 which could now be used as the new Support zone. A break out of the 48000 (upper trendline) could be the break the buyers need to push the price up to the...

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AUD/CHF has been on a steady uptrend and that could be tracked with the Ascending channel. But I am anticipating a short position at a breakout below the lower trendline. This is a breakout strategy - And it is very important to watch out for a fakey. Nevertheless, all things being equal, the target is 300point below 0.69200.

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I am still looking forward to selling XAU/USD. Gold broke out of the symmetrical triangle just to form a new head and shoulder pattern. Trade setup A break below 1900 would be a good mark to join in a long-term SHORT Position towards 1800 and down below 1780 previous support zone. PS: It's expedient to wait for the price to break below the shoulders...

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I forecasted a falling wedge on XAU/USD a few days ago, but because GOLD couldn't touch the underlined lower trendline, the price got corrected at a dynamic support level which automatically switched the Wedge to a Symmetrical triangle. The breakdown that happened on Tuesday was due to news ascertaining the fact that the bears are still in the game (fakey)....

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GBP/AUD has successfully tested the 1.2715 support, and the sellers are exerting a huge amount of pressure to break the support level (as shown in arrow 3). But any successful rebound toward the upside of the market. A break above the upper trendline would initiate a new bullish wave and this could be a huge spike because we will all be buying. LOL. I am looking...

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The pair has a reversal potential on the downside of the market. If the retest of 1.5985 resistance level is a success, the price could take a new reverse and begin a short phase with a mark towards 1.5646 to complete the second leg of the range, and retest the lowest of the year. Plausible Note, the pair is technically using the 200-SMA as a strong resistance...

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The GBP/CAD just broke above the upper trendline and that indicates that the bulls are in the game to push the price up. A further 4H break above 1.6715 would be a perfect entry confirmation for a Long position. You might want to stay close to this one.

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The pair has a reversal potential on the downside of the market. A short position below 0.8315 has a mark towards 0.8210 to complete the second leg of the range. Key Note, the pair is technically using the 200-SMA as a strong resistance ahead.

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XAU/USD has got a few more laps to complete inside the falling wedge, and being below the 200-day SMA is a strong indicator for the bearish continuation for the yellow metal. A Bearish setup, Sell stop - 1915.00 Take Profit - 1860.00 Trade with appropriate risk management.

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After a successful rising wedge, I suppose we can only expect a breakdown, which would ultimately follow with a further downtrend. EUR/JPY short position could be well anticipated.

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The AUD/USD had been on my radar for over 2 weeks now and I have been waiting for the right break to long the pair as heavy as possible, the last week's 100% correction to the spike that happened a week prior to last was really convincing. But it all went down really great because the price has risen back to the same bullish zone. The Friday bullish flag...

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GBP/CAD has been a very stable monument inside the triangle, representing a steady correction and rejection inside the pattern. But, a breakout from the upper trend could initiate a very strong uptrend. But, if the pressure is heavy on the 0.6670 support level, it might get broken, and then the price dip a little bit more. Moreover, there is still a chance for...

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If the current 1.3950 support level failed to hold the EUR/CAD price and pushes it back into the triangle, a short position is well anticipated. A Sell Stop order is good to catch the breakdown after the first 4H candle successfully breaks below the support. You might want to check it out.

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EUR/CAD in an obvious symmetrical triangle, a breakout from the upper trendline and 200-day SMA at 0.4100 would initiate a bullish run. If that did not happen, the triangle might get widened, or a deeper surge could emerge. This is worth looking into as well. A Sell stop order above 0.4100 could be set for a long-term target at 0.4500.

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If the 1.1020 resistance failed to push the price back inside the triangle. EUR/USD bullish break out is a possibility, and it worth anticipating for!

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The GBP/USD is in a descending channel which could mean bearish trend exhaustion. Arrows 1, 3, and 4 show a potential bullish run. Moreover, before a long position could be confirmed, the price would have to break out the upper channel (trendline) and probably retest the Arrow 3 support at 1.3090 and use the 200 SMA as support as well. If any of that did not...

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EUR/CHF against a technical Double-top pattern which could instigate another surge in price like it did Feb 22nd. But it's best to stay clear of any fake breakdown. A strategic Sell Stop order below the 50% fib zone will be fine. Sell Stop - 1.0180 Tp - 1.00300 SL - 1.02300 RRR - 1:3 Use an appropriate lot size base on your capital (Risk only 1% of your...

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I believe Aussie still has a few more bullish runs ahead of her. The only way bears could change the course of the bullish momentum is if they manage to push the price below the 50.0% fib level, which would technically compel the price below the 100-day SAM. More so, the bull still has the 200SAM to use as technical support, which also liaised with the 61.8% fib...