TWLTrades

TWLTrades

We have seen a break on the ascending trend channel following a double top formed on this pair. We have plenty of room to the left for this pair to make a move to the downside. Break below the previous day low combined with the cross of the 5 and 50 day MA on the 4HR chart gives extra confluence.

TWLTrades

We have seen a break on the descending trend channel following a double bottom formed on this pair. We have plenty of room to the left for this pair to make a break to the upside. Break above the previous day high combined with the cross of the 5 and 50 day MA on the 4HR chart gives extra confluence.

TWLTrades

Following on from a substantial downtrend in this pair, we can see that price has broken out of the descending channel and been ranging sideways for the last 4 days. Price is now consolidating within a small ascending channel. This is a pivotal area for this pair as any break above this could signal the beginning of a large correctional move to the upside. If...