FX:NZDJPY The same as other yen crosses it was testing an important support before having a sharp rally higher. Confirmed the trendline from the start of 2015 right at the major resistance level with a massive shooting star on the weekly chart. This level was the neckline of the head and shoulders top which broke down with a huge breakaway gap so there’s a...
Shooting star formed, could be a potential signal for the next move down. Have yet to enter yet but will be looking to jump in! :)
Other warn today with this spinning top and this shooting star not yet complete on the green rectangle. I think the bull force run out of steam. Soon we will see the price fall.
I thought before elections that Trump winning would bring a sustained uptrend on XAUUSD as well as on XAGUSD but this doesn't seem to be the case. Isntead we made another shooting star that signals the beginning of a new period of lower prices. Plese observe the last time we had that kind of traded volume on this asset, it was the very same day we made another...
After exuberant buying on copper these last few weeks the bears have finally taken over which is visually shown on this strong shooting star formation. we could potentially see a bearish move back into weekly support.
A current short setup with the NZDUSD with a bearish engulfing pattern on the weekly chart following the previous shooting star pinbar on the weekly chart. These have strong confluence as they are at the 50% fibo retracement level and also at or below the 200EMA. As a speculator, I speculate we will see this return to or go near to the previous low of 0.6200.
Looks like a really clear bearish signal rejecting previous S/R level, a Fib 68% retrace level and a long-term downwards trendline. A previous bearish engulfing signal on 26/8 failed as there were still too many over enthusiastic bulls around after the pairs phenomenal upwards move the previous week, causing the price to drop to do a fib 38% retrace and attempt...
AUDUSD was firmly rejected yesterday, following a false break above trend-line resistance dating back to April 2013. Pair traded to new highs on Thursday, before finishing the day decisively lower, printing a Shooting Star bearish reversal candle. Sellers will now look to push the pair lower to the .7535 - .7480 daily support zone. Breach of yesterday's high at...
Quite the shooting star on the last 12 hour candle, Monday it's likely going to retrace a bit and then I'm looking to get in around the 0.5 Fib of the last daily candle. There's USD CPI news on Tuesday that you need to be careful of when entering. Good trading all next week!
See 12 hour chart, shooting star formed on major SR area, good probability short setup here.
AUDUSD sell setup for next 6 weeks .236 retracement of weekly down AB Boundary Bearish Shooting Star/ Pin Bar followed by Bearish Engulfing Candle Target 1.618 Fib Extension Stop15 pip above Previous High BUT I WILL GO TO 1H AND 2H TIMEFRAME FOR SMALLER TRADE USING FIB, COUNTER TREND LINE BREAK, SUPPORT AND RESISTANCE AND PRICE ACTION
Its good area to short GBPJPY around 138.5's with stops around 140's which will offer us very good risk reward to go short.
1) On the weekly chart a nice shooting star candle 2) Break of this upward structure (green line up), is likely a start of bearish move 3) pitchfork indicates we likely see a move towards the median line again 4) This pair is strongly correlated with other other AUD pairs (see related idea), also indicating downward movement is highly probable. You can enter...
BANK OF BARODA BEARISH CANDLE WITH RSI DIVERGENCE TRAINGLE IN 30 MIN
Silver seems to drop lower for a correction. SL at 21.000 TP at around 18:00. wait to see how the market closes tomorrow. Or get in when the price drops below the spinning top on the daily.
Hello Traders, As we are drawing closer to the EU referendum, and a potential BREXIT I would like to post my bias. We have an abundance of confluence supporting a continuation of the overall bearish trend of the GBPUSD. We have the 200 EMA acting as resistance, which has held after being tested on a number of occasions. We are currently at a resistance zone...
Price @ .5 fib level of down AB Swing Testing 3 strong resistance around 1.4626/ also resistance level of the Ascending Triangle Price tried to break up the down trend line twice, but retrace back below Testing last bearish engulfing CFL and Spinning Top 5 Days ago there was a Bearish Shooting Star