The neckline has already broken. I'm waiting for a retest of support before going long. There is also bullish confluence on the daily chart with the previous daily candle closing as a bullish engulfing candle.
With each test of this major support zone, the market is losing more and more buyers. Since buying momentum is depleting, i'm anticipating a sell. I'll wait for a break of the support zone and retest before selling.
'Market has broken resistance and shown bullish signs at support. I'm expecting a continued bullish move until the next level of resistance. Entry: 1.09 Target: 1.104 Stop Loss: 1.084
Potential head and shoulders on the 1 hour chart. Wait for the right shoulder to close, break through and retest before selling. Yesterdays daily candle closed as a bearish engulfing candle adding confluence for a sell.
After 2 rejections at a major resistance level, the market is now consolidating at that same level. This indicates that sellers had 2 previous attempts to lower the price and were not able to do so significantly. Now that the market is in consolidation, it indicates that there are no more sellers left and the market is likely to make a bullish move. I'll be...
The daily chart has printed 3 consecutive days of bullish signals ata a major support level. I'm expecting the price to rise until the next resistance level at $800. I'll wait for the price to drop until $685 -$700.
This market has respected this zone at 1.587 and has found both support and resistance. Yesterdays daily candle closed as a bearish rejection of resistance. This could be a continuation of this bearish wave pattern and i'm anticipation a move until the next level of support at 1.578.
The market is back to this level of previous resistance and has formed a bearish flag. The daily candles are looking bearish indicating a continuation of a down move. If be looking to short if either the lows (1.352) are broken or we get a retest of the highs (1.358).
The market has been in a bullish trend for a while now. After consolidating at resistance, the market has finally broken through. I've placed a limit order and my target is the next daily resistance level. TP: 1.0088 Entry:1.0035 SL:0.999
AUDCAD is still very bearish. The daily candle just broke support with a lot of bearish momentum. I'm expecting more downside but i'll wait for a retest of previous support now resistance before looking for a sell. This will allow for a favourable entry.
The market has broken support with strong bearish momentum. DXY also looks set for a bullish continuation which adds confluence to this move. If you're not already involved, wait for a retest of resistance before looking to short. This will allow for a better entry. The target is 0.7400 which is the next major support zone.
Bitcoin was in consolidation at resistance for the previous week. When markets consolidate at resistance it indicates to me that there aren't enough sellers to push the price down. The market has finally broken resistance and daily signals are looking bullish. The next major resistance zone is at $11500.
A bearish head & shoulders at a daily resistance level has completed on the 4 hour chart. The neckline has been broken, i'm waiting for a bearish rejection of the neckline in order to confirm a sell.
If you missed an entry to this trade you could wait for a retest of this minor resistance zone before looking for a sell signal. I'll be looking for a re-entry when the market reaches this zone.
The market broke through a major support level and is still looking very bearish. DXY is also very bullish and we could see continued dollar strength. This may be a catalyst to take a sell on a lower timeframe.
The market has broken through a major support zone and looks very bearish on the daily chart with yesterdays candle closing as a bearish pinbar. I'm expecting a retest of resistance before a continued bearish move down.
The market has been conslidating at resistance for the past week. With each test of resistance there seem to be less sellers left willing to push the price down. This is a strong indicator that a bullish move may be coming.
Yesterdays daily candle closed as a bearish pinbar rejecting resistance. This indicates that the buyers tried to push the market higher but failed. I'm waiting for the support zone to break before looking for a sell. NOTE: The market has been consolidating at resistance indicating a lack of sellers. DXY has also been very bullish and shows no signs of bearish...