Confluences: Resistance and level 61.8 (fibonacci). Red lines: H1 levels. Gray lines: D1 levels. Like, follow me and donate for more ideas!
After the breakout and re-test of the structure, the market formed another structure. There were fundamentals involved, such as the independence day in the USA. Considering a a positive PMI next week, I'll be expecting a breakout of the last high (0.69520) and a retest. The pull-back is where I'll be placing my position. Follow me for more ideas!
USD/CAD is problably going to continue its downtrend after breaking the pennant. We still need to wait for confirmation. Follow me for updates and more ideas!
GBP/CHF might break the triangle and enter into an uptrend. We still have to wait for confirmation. Follow me for updates and more ideas!
After breaking the triangle, AUD/USD might enter into an uptrend. We still need to wait for confirmation. Follow me for updates and more ideas!
By analysing S&P 500 index historical data, we can conclude that there is a very strong resistance at 0.618 in the fibonacci retracement. We need to wait for the confirmation, but there is a high probability for the start of a downtrend. Follow me for updates and more ideas!
Visa is inside a triangle and it formed a cup and handle pattern. Analysing its moviment we can see a strong resistance, so it might break the support. This idea is very similar to Bank of America (BAC). Follow me for updates and more ideas!
In the chart, there are 2 possible movements. As you can see, they are buy-positions. There are 2 resistances and 1 support. By studying the history of this pair, you can notice the high probability of the reversal of the trend, but we still need to wait for confirmation.
Once it reaches the price indicated in the chart, it is time for opening a buy position.
A very possible movement for TSLA. If it breaks the triangle, we can wait for a long position.
After showing that it might not break the resistance, we should wait for a down-trend.
This is a very interesting setup. There are many resistances, and now EUR/AUD might turn one of its resistances into a support. We still need to wait for confirmation. Follow me for updates and more ideas!
High probability for a long position in USD/JPY. Follow me for updates and more ideas!
After returning to the strong support at 1.92143, GBP/AUD should start to move in an uptrend. We have to wait for confirmation, but it might reach somewhere near 50% according to the fibonacci retracement. Follow me for updates and more ideas!
Let's see if USD/CAD can break this resistance. We have to wait for confirmation, but there is a high probability for the start of a downtrend. Follow me for updates and more ideas!
It might break the ascending triangle. We still need to wait for confirmation. Follow me for updates and more ideas!