Author: Magnus Macdonald
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*Bitcoin – Daily Retracement
This is the first time I have looked at Bitcoin …and that’s because the last time I looked at charts it didn’t exists on the platforms. But a chart is a chart – so what do we have here? — Trendline— S/R— 50Fib— Round Number (100,000) Has some nice space from the drop yesterday.
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*EUR/JPY – Watching Retrace Area
Looking on Daily chart at possible retrace: — Previous Resistance (and minor Support)— Two Round Number: 175 (better number), 174 (better S/R)— 50Fib— Trendline Possible issue is the price gap from 4 weeks ago is still open. Price continued up.
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*GBP/USD – Big Retrace
Have been watching a couple of areas on this pair for a few weeks – finally moving down to the upper of the two levels today. It has been a fairly swift move …so (right now at least) lots of space overhead should there be an entry. Currently there is: — S/R— 1.3000 Round Number—
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*USD/CHF – Diamond + DBLHC
Daily chart. Saw this DBLHC …but was looking for a retracement. Retracing. Watching for bar formation (and ideally round number, S/R) Diamond has broken – but price coming back down. Level now is a nice blind-entry point (but this is not in the Trading Plan yet …so need bar formation). Really nice PinBar …but pullback
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USD/CAD – Chart From A Few Days Ago
This is a chart from a few days ago. Wasn’t watching in too closely.
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*EUR /CAD – Watching Retrace Area
Daily approaching a point of interest. — Trendline (+Channel)— 50-Fib— Round Number— S/R
Recent Posts
- *Bitcoin – Daily Retracement
- *EUR/JPY – Watching Retrace Area
- *GBP/USD – Big Retrace
- *USD/CHF – Diamond + DBLHC
- USD/CAD – Chart From A Few Days Ago