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BTCUSD bulls bewareBitcoin has opened the trading week above the $8,000 level after selling failed to build on last Friday’s losses below the $7,900 level. The BTCUSD pair faces a major challenge moving back towards its 200-day moving average, with the $8,500 level interim resistance. Overall, bulls must be cautious today as a head and shoulders pattern is present on the lower time frames. • The BTCUSD pair is only bullish while trading above the $8,500 level, key resistance is located at the $8,810 and $9,100 levels. • If the BTCUSD pair trades under the $8,500 level, sellers may test towards the $7,900 and $7,300 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
EURUSD SELL TO 1.0975 GOAL 50 LIKES & 5 SUBSThis is a pair that I discussed on #planyourtradetv on Youtube that you can view on Sunday's at 4pm here is a link from that live stream so you can get the full analysis here at youtu.be if you like the analysis subscribe and drop a like. To break it down: The EURUSD is on a downtrend in the monthly It recently broke a head and shoulders pattern to the downside and hit a daily D at 1.10850 and retraced all last week right now it is flirting with the neckline of the pattern around the 1.1200 area the only things that it has going good for it is the 200 EMA has started to look like support, however, with the large wicks made to the upside there is cause to think that this will be short lived. With that being said I am looking to sell based off the rejection of the neckline and the 1.12000 area retest targeting 1.0975 (Correction: Retraced to the .86 Fib) with my stop at 1.1300 4 Star Trade FOREXCOM:EURUSD If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time. What are YOU fighting for? bit.ly Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
Short
by CarterKyleCapital
EURUSD | Bull BiasYesterday during the Fed news segment as the long positions gathered, a large number of long orders were filled around our set supply zone - Due to the large spike up and the slow reaction back down, it can be assumed that the trend is now bullish and we are witnessing a pullback - The resume of trend is expected once price has returned to our supply zone and a divergence occurs within the RSI - Price is expected to reach previous daily high at 1.13974 , while invalidation is set at the 1.13257 area
Long
by WinterFieldFX
EURUSD CLOSELY WATCHING 1.1431 LEVELThe euro currency is back under strong downside pressure against the US dollar, with price now trading closer to key weekly support. A successful break below the 1.1431 support level is likely to accelerate EURUSD technical selling, breaking the recent bullish double-bottom. A break below the 1.1431 level could also trigger a bearish head and shoulders pattern with a sizeable downside projection. The EURUSD pair is strongly bearish while trading below the 1.1480 level, key support is now found at the 1.1431 and 1.1380 levels. If the EURUSD pair trades above the 1.1480 level, key intraday resistance is found at the 1.1500 and 1.1550 levels.
by OctaFX_Official
ETHUSD APPROACHING OVERSOLD TERRITORYEthereum has moved sharply-lower on Monday, with the second most popular crypto losing a further fifteen percent of its value since Friday. ETHUSD is now approaching oversold trading conditions after reaching the bearish head and shoulders pattern downside projection, close to the $300.00 level. Furthermore, the MACD and RSI indicators across the four-hour time frame suggest that the ETHUSD pair is now extremely oversold. The ETHUSD pair is strongly bearish while trading below the $311.00 level, key technical support is now located at the $302.00 and $295.00 levels. If the ETHUSD pair trades back above the $311.00 level, price may correct back towards the $330.00 and $338.00 resistance levels.
BITFINEX:ETHUSD
by OctaFX_Official
GBPUSD FURTHER BEARISH BELOW 1.3101 LEVELThe British pound has fallen sharply lower against the US dollar, after Chief EU Negotiator Michel Barnier rejected a key part of the United Kingdom’s Brexit trade proposal. The GBPUSD pair is now testing key support and is likely to weaken even further if price falls below the 1.3101 level. Sellers will try to target the 1.3000 support level, while buyers will try to stabilise price back above the 1.3177 level. The GBPUSD pair is strongly bearish while trading below the 1.3101 level, key support is now found at the 1.3050 and 1.3000 levels. If the GBPUSD pair holds above the 1.3101 level, buyers may test towards the 1.3177 and 1.3211 resistance levels.
by OctaFX_Official
BTCUSD BULLS NEED TO HOLD PRICE ABOVE $6,700Bitcoin continues to trade towards the $6,650 resistance level in early Monday trading, after finding strong technical support just the $6,400 level on Friday. BTCUSD bulls now need to break above the $6,700 level to validate the bullish inverted head and shoulders price pattern across various time frames. BTCUSD sellers will attempt to break the key $6,400 level for a technical test of the $6,220 level. The BTCUSD pair is strongly bullish while trading above the $6,700 level, further upside towards the $7,000 and $7,400 levels remains possible. If the BTCUSD pair moves below the $6,400 level, sellers will likely test towards the $6,250 and $6,058 support levels.
BITFINEX:BTCUSD
by OctaFX_Official