It would be prudent to confirm the breakout that just occurred. Do you consider the move through support significant? Do you have indicators confirming that the price momentum will continue? If so, aim for a target of 9498.3282, but consider reducing your position size as the price approaches that target.
S&P500 is approaching a critical level that could be a key deciding factor for what comes next. We may see this trajectory continue to test and break through 6890.1602, unless it loses momentum and pulls back to current levels.
XAUUSD is trapped in a Channel Up formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
NAS100 reached 25660.0126 after a 3.61% move spanning 4 days.
The movement of ETHUSD towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
USDJPY is moving towards a key support level at 153.8345. This is a previously tested level for USDJPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.
BRN/USD is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If BRN/USD continues in its current trajectory, we could see it […]
Emerging Rising Wedge detected on GBPJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 203.079 and it is expected to move to 204.0703.
