ENJ could pump again after the 10% gain it's had today. expecting those prior highs to get tested once more before signs of any breakout
BTC USD Breaking out on the hourly chart with strong confluence on H4.
USD CNH Following USD CAD with the same chart structure and loss of buying volume
USD CAD showing signs its ran out of bullish momentum and will return down at least to the indicated red line on the correction.
If price comes back to the entry point and continues to show downside pressure shorts will be entered to the next key support area.
Price is pushing to the upside and could reach 1.0813 but faces resistance just above 1.07895 where the TP is placed.
If the DXY continues to show strength expect the USD to push up higher against the Canadian dollar
Once ETH brakes 1300 I expect the upside to continue to 1700+ in the short term.
BTC Long term trend being respected and now looking like more upside is on the cards.
Bottom formed, Looking like a push back to higher levels.
CAD JPY still set to break to the prior highs made in Feb 2020
WXN Trade Idea UK100 Entry: 6780-6785 Stop Loss: 6740 Take Profit: 6900 Risk/Reward : 1:2.53/3 depending on entry We recommend that you take profit whenever you feel happy. Strong Support created on H1 and price failed to break down, additionally bullish pressure and price action indicating the upside.
Consolidation after the breakdown is DXY drops lower then the Euro should recover against it.
MACD is running out of buying pressure and has hit a key resistance area
Price action favoring the upside as price continues to increase
Price has found support on the moving average and the MACD is looking slightly oversold. meaning we could see a resurgence in price back to former resistance. If that resistance turns support we're set for a breakout also.