5% drawdown from the right shoulder of a Head and Shoulders pattern setup can be expected as drawn on this 15m chart. Price action in a parallel channel and downward impulse wave to fill the wave-iii. Chaikin Money Flown in a negative divergence as diving below zero plus Fisher transform 2H bearish crossing suggesting time correlation in 16h ahead.
Analysis: - Supply & Demand Zone Opinion: Price will return to previous demand zones before pushing up again Bears will get excited again believing the bear market has continued Sadly this will only be a short term pullback which will then lead to higher highs Bulls be prepared with cash ready to go but for now bias should shift to short term short...
We can see a divergence as it matures. We can expect a correction in the trend and take short positions.
Hi! This is my first post, and do let me know if you think I'm wrong on any of this. As we can see on the RSI indicator, EJ pair is curently very overbought. Furthermore, we're facing a probability of a double doji close on 1h chart. Currently, EJ seems very exhausted, and to me it seems like it is only a matter of time before it tests resistance at TP1 and...
Canadian Dollar/Yen Japanese find up a resistance zone in the price that may to develop a drop that will extend to the $95.14 JPY. We forming a lower low using this downtrend line in H1 timeframe Meanwhile, we have a nice setup that CAD/JPY forming a possible bullish rising wedge what we can to short now to $95.14 JPY and then entry to the bought zone in those...
Feb is closing with a big red candle. Looks like another 700-800 points fall in this Index is inevitable. This is going to come down to the support line. On a daily chart there are gaps at 5330-40 and 5020-30, where the first gap is already filled and waiting for the second gap to be filled.
The bearish scenario for BTC comes into play, no one knows how fat it will be, anyway, if you've been long so far, congratulations and recommend taking money off the table. HAPPY DAYS . Below us is a value gap that cannot be ignored .. OK , the bulls made a higher high broke the bearish structure , but for growth it is necessary to make a higher low .. Especially...
Canadian Dollar look in the possible neutral market that we can't to trade, but I believe that there're a lot bullish sentiment that the trend want to continue up. But, I'm take care what I see, because we could to see that CAD/CHF down a little to $0.6902 CHF, and then, in that yellow zone it's a smart point that we can to buy, another possibility it's that...
Aussie look bearish from this point, but after this bull trend. Aussie look a potential correction from this point toward yellow zone, what it's the smart point to buy, but institutional will make all possible to take a lot liquidations about long position. What you will need to take carefully, it's very surely that Aussie will experiment a correction to $0.7060...
Sell axis bank Below 891 Target 873 858 841 816 Sl 917
U.S. Dollar/Yen Japanese look bearish in this side very clearly that could to continue drop following the speculating news that I share in my twitter. We see as first two past bearish candlestick in H1 timeframe forming like a medium bearish candlestick with a down wick and a up strong rejection wick that formed,this it's a strong indication of the bearish...
In this moment, we can't to trade Ethereum as we don't know what will happen in both sides. But taking an idea. we can to develop our trading plan for Ethereum price. In H4 timeframe we're using both perspective that may to happen. Bullish case will be when Ethereum make a pull back in the grey zone and confirm it with a bullish candlestick signal, but with...
In this 2nd analysis, EUR/GBP still bearish in H1 timeframe. But if you watch the 45 minutes timeframe, you can to see that it's more bearish. But this it's a good opportunity to short EUR/GBP now. Trade Information: 1) Entry Price: £0.8814 GBP 2) Target Profit: £0.8836 GBP (21 pips) 3) Stop Loss: £0.8764 GBP (50 pips) 4) Risk/Benefit: 1:2 Good luck!!!
In this analysis, we see that Euro look in the bearish side, but I will going to explain each timeframe what happen here. In daily timeframe, we see very clear that Euro/U.S. Dollar break up the EMA 200 and market structure indicating a bull market incoming. Based in this clue to trade to long in swing trading. But if you're analyzing the H4 timeframe, it's...
USDJPY is showing a strong bearish sentiment on the weekly and daily charts , heading towards the next support zone of 126.137. On further inspection is a downward parallel channel on the 4 hour chart . Price recently reached the diagonal pivot line of the parallel channel and got pushed down . Recently, price retested that pivot line and is now ready to continue...
Ethereum doesn't climb as I expect, but the price action it's tell us that we see now a drop toward $980 USD. But, taking action that we're forming a new chartist pattern called bullish rising wedge in Daily timeframe here: But now, I've taking a perspective that this could be another opportunity to buy in the best zone lower. Based my opinions. But in lower...
Australian Dollar/Canadian Dollar it's in the range formed as the past symetric triangle fell, but Aussie still bearish what I hope a bearish return from this smart point. What I was shorting AUD/CAD from $0.9142 CAD, but I decide to short from $0.9177 CAD as hit my break even and loss only 31 pips. But not bad, as this trade it's only developing a possible drop...
ADA still in the downtrend and appear that bears are taking control in this trend. what ADA price it's around $0.25 cents, and based in H8 timeframe, we see a potential short toward $0.21 cents. The H4 still bearish and H8 too. What this it's a great opportunity to sell ADA based in price action. Meanwhile, if we closed up with a bearish signal in Daily...