Bitcoin to test 23000 for a downside extension Bitcoin to test 23000 for a reversal lower. A break below this level is required for the downside extension as the instrument is unable to break above the 25000 and is reaching the confluence of the upside resistance/downside support. A confirmed […]
Bitcoin struggle for a reversal Read More »
NZDJPY is testing the strong resistance NZDJPY is testing the strong 86 upside resistance. A break above this level is required for the upside continuation and rejection here will leave the pair in the familiar triangle range with a price action heading to the 84 test, Note: look for
NZDJPY reaching the upside resistance Read More »
FTSE is breaking below the rising wedge support FTSE is breaking below the 7460. This is a rising wedge support. A break below this level with a confirmation will mark the end of the upside swing and will confirm the bearish reversal formation which happened several times in the
FTSE rising wedge breakout Read More »
EURUSD downtrend channel upside resistance rejection EURUSD has been rejected from 1.0350. This is a downtrend channel formed by the impulsive 5 waves lower which is leading to 0.9500-0.9600 target zone. A break below 1.02000 will now lead to a downside acceleration and the downside extension confirmation. It will
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GBPUSD downside support hold GBPUSD has been rejected from 1.2250. This is a downtrend line and a previously broken strong downside resistance. A break below 1.2000 will confirm the downside continuation and will lead to a price action acceleration. Note: look for the short trade entries with the stop
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