BTC daily chart in a contraction zone and towards the end of the pennant pattern
Breakout is expected to happen soon and also pay attention to the support & resistance levels
Highlights:
- Last week GBPUSD broke out the inverted head & shoulder pattern indicates more bullish move on the upcoming week
Market Trend:
Price broke out resistance forming a new higher high
Momentum:
Bullish on the daily timeframe
Opinion:
- For buying opportunity, the price must stay above the current support level at 1.3000 area
- Look for price to...
Highlights:
- Price on daily chart formed the pennant pattern
- Momentum is strengthening indicates a bullish bias
- Wait for price to breakout for a trade setup
- Be aware of the Support & Resistance level after the breakout
Market Trend:
- Consolidating in the pennant pattern
Momentum:
Bullish momentum on Daily chart
Opinion:
- Long if price break to the...
Highlights:
- Price has broken to the upside of the consolidation on the daily chart
- Previous resistance has become support now
- Price retesting the support level
- Momentum strengthening shows bullish sign
Market Trend:
- Price formed higher high & higher low indicates an uptrend market
Momentum:
Bullish momentum on Daily chart
Opinion:
- Look for Long opportunity
Highlights:
- Price has broken previous resistance and becomes the new support at 0.70319
- Price retest and show rejection on the new support level
Market Trend:
- Overall uptrend bias
- Short term downtrend on Daily chart
Momentum:
Bearish momentum on Daily chart
Opinion:
- To continue uptrend, the price needs to stay above the support level
- Look for Long...
Highlights:
- EURUSD broke below the Head and Should pattern on the daily timeframe
- Price retest the resistance level
- Look for Short opportunity
Market Trend:
The trend turned into Downtrend by creating Lower High and Lower Low
Momentum:
MACD stays bearish on the Daily timeframe
Opinion:
Bearish bias, expecting more downside move on the upcoming week
