Cheberyak21

Cheberyak21

Buy indicators: Break of downtrend channel + retest. formation of H&S pattern + break of the neckline. Over MA(125).

Cheberyak21

After consolidating and then breaking of structure, the price came back to retest the support and potentially try to reach new heights

Cheberyak21

We observe a clear uptrend structure. creation of higher highs and higher lows Now, it has broken through a big resistance level and now is trying to retest it as a support level. There is also a clear and respected trendline.

Cheberyak21

Confluence of sell signals: +broke out of the channel and now is retesting a resistance level +under the 20 EMA +creation of wicks around the resistance level +from March to April: the creation of LL and LH +uncertainty about the value of USD

Cheberyak21

Major resistance line + on the verge of being overbought(RSI). First and foremost, need to wait to see if the price is going to be rejected from this line before possible opening a short position.

Cheberyak21

Divergence + smaller size candles which means exhaustion on the buyer side + overbought

Cheberyak21

Flag pattern + broke out from the channel , now it is retesting the upper resistance before taking off.

Cheberyak21

If the price breaks the neckline of the inversed head and shoulder pattern, we can aim for the upper key level zone.

Cheberyak21

Possible drop.

Cheberyak21

H&S pattern almost created and it is close to a global support level. It would be great to wait to break it and then open a short position. Please do give your opinion if you have one about my idea. I am all ears :)

Cheberyak21

Just throwing my idea to you guys in order to have feedback on whether you approve of it or have any comments about it . :)