PHANTAMINUS

PHANTAMINUS Updated 

The pair is not indicating any sign of reversal or change in direction, presently it is still going to the MOON. On the other hand, if a massive decline or surge in selling power appeared, then a move down to 86000 level could be expected. What do you think of my opinion?

PHANTAMINUS

We can see a triangle pattern, upon breaking the pattern we could have an idea on the direction, but i will love a scenarios whereby selling pressure unveil.

PHANTAMINUS

Based on My analysis, i see an ongoing move until (0.88700) at this point we will see some resistance, favorably before the psycho-level of 89000. Overall on the Daily structure market is in a downtrend but we are still riding with the bulls.... Let me know of what you think ?

PHANTAMINUS

it can go 2 direction after breaking the consolidation

PHANTAMINUS

As soon we see a breakout it will be a confirmation for our entry but usually this kind of setup rarely provide a retest structure, so let's see how it play for the short entry.

PHANTAMINUS

The formation of an reverse h&s is happening but at this stage we will not jump into it. We still need the last shoulder to be visible and a break of the neckline to support our thesis will be the trigger set.

PHANTAMINUS

A clear retracement is being formed now.... we just need a breakdown of structure and we can open a short position.

PHANTAMINUS

We can see clearly that a well formed double bottom is in progress, and this point we also see a potential breakout scenario happening. Just to be on the safe side, a quick long entry could be executed after market opens to validate the double bottom.

PHANTAMINUS

The sellers are clearly trying to take over in this scenario, a break of the support line and retest will emphasise a bearish structure.