Chainlink recently pumped breaking its all time high before having a cool down. The cool down led to a falling wedge pattern with odds on the bullish side.
Measured move from descending triangle puts us at the 9700 price range wheee I expect consolidation before the next move.
This pair formed a double bottom on the H4 Chart and has also hit a key support. Stop Loss: 0.9101
During a downtrend usd/chf dropped to a key level, started to recover and during a uptrend broke out of the initial downtrend. Looking at it now looks like the breakout was false and has now dropped back into the downtrend channel.
Upon breakout of the uptrend leading to a key resistance, we see this pair start to fall. A shorting opportunity may present itself only after confirmation with your strategy. I’m looking for confirmation of a reversal after retesting the trend line or near that area.
I’m expecting EUR/GBP to bounce from support level (blue line) to retest a past support/resistance (black line) before continuing to trade down.
If this pair continues to resist the trend line we could see a rally back down. It’s also possibl’that It retests the 1.722 area before dropping.
This pair broke out The past down trend near a support and now looking to potentially bounce with a new uptrend starting.