Theres is a long-term broadening wedge/channel, and we are close to the top. Watch for clear reversal, and this could be a profitable short. Word of caution: GBP pairs are extremely volatile in these weeks, given the BREXIT soap opera. Use wide stoplosses.
Break of triangle will determine the direction for the next few weeks.
A not-so-obvious formation. Most likely rejected now from top, one more swing, and then breakout to either direction.
Retesting upper wedge border, then possibly continuing downward.
Retesting previous trendline, then continuing downtrend.
If weekly candle closes below the trendline, a long term downtrend can ensue. Key levels on the chart.
A sloppy, but valid h&s is in the making. Short target is a key level, which is also reinforced by the 200 EMA.
It is time the forint regained its strength. Today's pinbar is a good entry point, the levels are clear.
A minor pullback along the way, but 200EMA seems to be rejected. I prepare a continuation short on this one.
200 EMA support held, and broke out of slight bearish trend. This pair is a buy for me.
Trendline broke, and middle BB is passed. Possibility to go long.
Testing the middle MA of the BB. Still within channel, possible reversal and continuation of the downtrend with a lower high.
Recent price fall confirmed this structure, I see NZDUSD descending more on the long run.
We may have a rejection from the channel top, although I will wait for the daily close. Other yen pairs are turning to the downside, this momentum can catch the nzdjpy, too.
This market has been ranging for months and no sign of termination here, albeit recent bullish move widened the channel a bit. Yet now the channel top has been rejected with a classic bearish pinbar, a short is my choice here.
Price has perfectly rejected the upper side of the triangle. We will see if main support around 6000 holds, and if triangle breaks (which is very near), then which direction.
...just drawing a few lines. It seems, that BTC is unable to go up, but "struggles" in the opposite direction as well. A wedge maybe forming from the general old uptrend and the downtrend since december. Breakout will depend on psychological factors most likely. Lightning network is almost complete: cointelegraph.com