This trade setup on XAUUSD is formed by a period of consolidation; a period in which the price primarily moves
ETHUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 15 days and may test it again within the next 19 hours.
GBPJPY has broken through a resistance line of a Ascending Triangle chart pattern. If this breakout holds true, we may see the price of GBPJPY testing 196.7880 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]
A movement of 6.32% over 2 days on XAGUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
FTSE100 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 support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
USDJPY is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 9 days and may test it again within the next 2 days.
NAS100 is heading towards the resistance line of a Triangle and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]
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