As you can see the price broke the resistance trendline and i think its on its way to retest the broken trendline. i will be waiting for the retest and the go for a long. my needed confirmations are an engulfing bullish candlestick on the 4hr chart.
GBPUSD is in a mixed a view right now on the monthly chart the price is at the top of the descending resistance trendline which suggests that there could be sell opportunity.However if you look at a smaller time frame daily or 4hr it the price suggests a different view. On the 4hr the price respected the support trendline and made an bullish engulfing candlestick....
As you can see from chart the price broke the ascending support trendline and also retested and went down however due to the NFP last week it shot back up making a small double top. I will be looking for sell when i see a bearish engulfing candle stick. Furthermore on the daily chart you can see the bullish ascending pattern where the price respects the support...
In my opinion when price reaches the 95.000 or 89.000 the price should show signs of reversal indicating a possible bullish run. As you can see at the date 07/12/2017 prices made its bullish run from that point 95.000. Will history repeat itself?
DXY broke the resistance trendline and price retested indicating a possbile long opportunity.
the long term daily support trend line was broken and now being retested, if it respected the retracement it will be a very nice short opportunity. View this for weekly view where you can see a clear trend and a break of the trend.
Resistant trendline broken and im waiting for the retest of the trendline in correlation to the 78.6 fibbonachi retracement level.
resistant trendline broken and im currently waiting for a retest of the trendline to buy on USDJPY.
bitcoin showing possible shorting opportunity
simple and easy setup for silver as its making a baerish flag and the upside down pole is already there.
possible shorting opportunity on the audusd easy set up.
Upward trendline broken and being retested is this another possible wave downwards?
After a great run upwards USDJPY is making a flag and a precise rebound of the 61.8 Fibonacci and the 1hr and 4hr resistance trendline has been broken. This could be a possible long opportunity.
The break and retest of the trend line is a great opportunity to go short on this pair on the daily theres three black crows bearish candle stick pattern which also suggests a bearish trend.
litecoin is forming a very noticeable flag after a huge surge up. Lets wait for the flag to finish see another bullish push. However if it breaks to the downside 210.00 is a minor support area so could be a consolidation forming.
GBPAUD formed a double top on the daily chart creating shorting opportunities i am going to wait wait for a break of the up trend line and retest of the trend line.
XRPUSD is on a big uptrend from reversal at 0.60000 making a higher highs and higher lows just like an uptrend should however isit the end of the bullish trend or just a consolidation phase for the sudden uptrend. Between 1.13734 and 1.19951 is a big resistance zone as the price tested that zone several times and dipped down however those dips are getting smaller...