The DXY is finding support at a previous level of resistance, and supporting the trendline as shown on the chart. If price can hold supportive at this level, an elliot 5 wave would be confirmed for an in-play move. Message me to join our telegram chat for free. Over 500 members and over 87% trade success on our daily signals. Happy Trading! Gavin
EURGBP is below the 200 & 50 ema on both the hourly and 4 hour. Additionally, it has just rebounded off of the 50 ema on the daily chart. A break and retest of the trend line nearly confirms the breakout for me. I will just be waiting for two more solid closes on the one hour or another bearish close below on the 4 hour.
As you can see, 4 hour candles break below support level and fail to close above after retesting this level (highlighted in orange) nearly four times. Previous to that is a head and shoulders pattern bouncing off of a long term trend-line I have marked up on the daily chart, creating a lower high, continuing the downtrend. Additionally, price respects the...
XRPUSD breakout mode More Updates as price action continues
Consolidation after an impulsive move down, selling the breakout -- 15 minute time frame
Triangle Breakout, Pull-back and go
USDCAD looks like a buy zone, consolidation after a strong breakout to the upside
Potential Buy setup on the 4 hour GBPAUD -- 61.8 retracement to the upside of the trend channel
Potential Bearish Bat Pattern on the EUR/GBP 4 HR chart
Selling the triangle breakout, pullback and re-test
GBP/USD Continuation of this uptrend to finish off the Elliot 5 Wave, and potential AB=CD pattern.
Looking for a solid retracement off of the upper trendline to confirm the harmonic and .786 fibbo retracement.
Selling a rising wedge and more importantly the continuation of the trend already in play.
I'm already short on this pair from 1.62486 - however, a bearish flag/pennant formation is forming and I believe there is still room to get in for a little over 200 pips. Stop loss can be placed above the flag (inner blue lines) or above the crossing MA's.