MRS_Watanabe

MRS_Watanabe

The BTCGBP has breached pink sliding parallel resistance active since late April and may recapture the Blue Lower Parallel am looking to see if close on the next few 4hr bars remain above this line. I do not mind a dip bellow to pink line to check if it is still support, bounces there would be very bullish indicating a potential GBP40.00 move up Meanwhile...

MRS_Watanabe

I am looking for support along the green line, if we dip down and find support that is bullish, as it would confirm what was resistance is now support. A bounce would target the next level of resistance, No need for large stops here, and target is shown on the 240 minute some $40 above so risk reward is good.

MRS_Watanabe

am watching for a potential breakout above resistance line in pink. if it returns to the line and it becomes support then may test circled resistance.

MRS_Watanabe

This is a validated bullish fork, so far have action at the Lower Parallel line April 16th and June 9th providing support. There is one near touch and rejection bellow the Median Line 24th April. 2 red arrows point to a parallel line above the lower quartile with perfect touches. Of note is the perfect bounce off the lower parallel and finding support once...