Charles-OW

Charles-OW

On Monday, I posted an idea for this pair, predicting a bullish momentum after a break of structure. This new idea is a continuation. After price broke the resistance area of 1.05000, I saw what resembled a cup & handle pattern on the 1H timeframe. With the bullish momentum this pair currently has, I'm going with the bias that the pattern will hold, allowing price...

Charles-OW Updated 

On the lower timeframes, price has broken through my ascending trend line. Now price looks to be consolidating between the resistance area of 150.500 and the support area of 150.150. I plan to get in when price comes back into the resistance area.

Charles-OW Updated 

On the daily timeframe, price is retesting the previous support area that was broken, which now is a resistance area.

Charles-OW Updated 

The last time price reached the 21.80000 resistance area, it was sold off aggressively. This time round, price wasn’t sold off as aggressively when it reached the resistance area. But the fact price still rejected the area, gives me a sell bias for this pair.

Charles-OW

This pair has been in a long bearish move. By the looks of it, its finally broken through the descending trend line. I'm expecting a retest of the trend line before a continuation to the next resistance.

Charles-OW

Possible break and retest of the trend line before a continuation to the upside.

Charles-OW

After price broke the support area of 0.92550, it created a descending triangle. Before market close, price broke the triangle to the downside. Now with the market open, price is still underneath the triangle, so I’m expecting a retest of the triangle before a continuation to the downside.

Charles-OW

On the daily timeframe, this pair looks to be in a break and retest pattern. Since price broke the daily support area of 1.42700, I believe price is still bearish and will be until it reach the support area of 1.38200 area.

Charles-OW

Possible break and retest on the weekly timeframe. Previously, the area of 1.22000 was a strong resistance area. So I'm hoping the area will now become a strong support.

Charles-OW Updated 

By the looks of it, this pattern looks like a descending triangle. With this pairs long bearish momentum on the daily timeframe, I’m expecting the bearish momentum to continue after the retest of the pattern.

Charles-OW Updated 

With this pairs most recent bearish momentum breaking my ascending trend line, I believe the momentum will continue to the 112.700 support area.

Charles-OW Updated 

With this pairs very bullish run on the 4H timeframe, it has made what looks to be a bullish pennant. Hence my buy trade.

Charles-OW

For most of last year, this pair found it difficult to break the resistance area of 1.22000. It finally broke out of the area at the start of this year. Now price looks to be in a break and retest situation. With that, I’m expecting price to reject the new support area and produce another bullish rally.

Charles-OW

Possible inverse head & shoulder pattern on the daily timeframe. With last weeks late bullish rally, I believe price now has the momentum to break through the resistance area of 1.70600.

Charles-OW

Possible bullish pennant on the 30M timeframe. With this pairs recent bullish momentum, there's a strong possibility that this pattern will hold.

Charles-OW Updated 

With a bearish impulse breaking through the support area of 1.68900, I believe this bearish momentum will continue after a slight retest of the area.

Charles-OW Updated 

Price has broken through my triangle to the downside. This looks like a possible break and retest of the pattern.

Charles-OW

By the looks it, price has broken through 2 support structures quite aggressively. With that, I’m assuming that the bearish momentum will continue.