The movement of BTCUSD towards 98499.4375 price line is yet another test of the line it reached numerous times in
Emerging Triangle detected on LTCUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 120.57 and it is expected to move to 117.3133.
This trade setup on NAS100 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 22259.9682.
XAUUSD has moved higher by 12% from 2588.17 to 2898.66 in the last 57 days.
XAGUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
GBPJPY is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 23 hours. If it tests this line again, it should do so in the next 5 hours.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 2877.2885 but consider reducing the size of your position as the price gets […]
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