take look at the chart for usdjpy . has not broken downtrend, however new higher low is a bit skeptical. possible sell off in sight
Have you noticed that most AUD pairs is starting to look very bullish as if the currency value for AUD is going to get stronger. Here we have the audusd breaking out of a downtrend providing a good trade opportunity. when you look at the chart you will see that right before the breakout there was some resistance, Price did retrace to .618 level but there...
GBPJPY has broken out of the strong bullish trend started in March and found support in the 159.900 to 159.700 area. Price also made a complete .5 retracement then started making lower highs while forming a solid support around the 162.587 to 162.261 levels. In price pattern this is called a descending triangle. So where will price go next? we will have to...
Bullish outlook ahead. We had breakout our downtrend . Price may continue in upward momentum to retested rejection level
Gbpjpy just broke out of consolidated channel. Looking to go long after retesting break.
Double bottom former on the 4h time frame .. expect bullish movement to retrace to last level of support.
Strong breakout on the downside for USDCAD. Now that it has retraced , we are expecting the second swing completion to happen. The 4h timeframe confirms strong rejection of further movement upwards.
GBPNZD showing rejection after retaking the last support before breakout on the 4h timeframe. Expecting to drop some more..
Sell the upswing, pair made slight bullish move and showed rejection on major level.. sell away…
Look for support where rejection was prior break out of downtrend then go long. Cheers!!
Patience is the key to this pair.. wait on the breakout of the downwards trend line before going long…support on retest is very important..remember add this to ur potential buy currency list
Most pairs are still in sell off from new covid variant…. More so from the first impulse sell chart data dictates it should complete a second swing.. the two possibilities are a pull back to last level of support to turn resistant..or a sudden impulse drop… look for price reaction at top and bottom of channel after breakout before entering… cheers
Consolidation activity downward, normally this signals bears not as strong again… may have a slight pullback before completion of second bearish swing. Watch for break out on the downside of channel and enter on retested if no pullback occurs
Breakout out of uptrend on 4h. Bitcoin may have a sharp decline on its way
Rejection forming a downtrend channel, potential sell continuation.