Skip to content This trade setup on USDJPY 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 144.6464.
The breakout of GBPJPY through the 194.0700 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBPJPY could test 194.8174 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
BTCUSD is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 19 hours.
EURUSD is trapped in a Rising Wedge 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 […]
The breakout of S&P500 through the 5861.2402 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, S&P500 could test 5884.4248 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
