Pipshaw

Pipshaw

Easy double top pattern spotted, H4 timeframe and Daily timeframe many wick rejections easily spotted in that key zone. Expecting price to continue to the downside

Pipshaw

Current directional bias on higher TF (Daily) is currently an uptrend, indicating that this could be a push to the upside. A lot of wick rejections present on 1st support line showing supper line is quite strong. Furthermore double bottom reversal pattern for extra confluence appearing. expecting price to increase here.

Pipshaw

No clear idea on where price will move to however current market trend is quite bullish so therefore could expect price to push towards the trend line acting resistance and then come back down to support to retest again or potentially break

Pipshaw

Trend line acting as a brick wall and has been respected x2, can expect price to come back to that trend line and shoot back up. Patiently waiting for price to retest the key level and then would make sense to go long. Furthermore RSI is near overbought area so could expect price to come back down as extra confluence. Directional bias on the weekly is currently an...

Pipshaw

Market directional bias is currently bullish, however looks like it has been countered by a very strong bearish candle. Furthermore can be seen as a little double top too which could indicate a slight push to the downside. Key level is also present on the strong bearish candlesick as previous history shows us numerous wick rejections present.

Pipshaw

Double bottom formation. Expecting the current downtrend to reverse back upwards and then continue to rally downwards due to the overall bearish trend on D1 timeframe

Pipshaw

Seems like a triple top formation. Price has failed to break resistance 3 times with multiple wick rejections. Can now expect bullish sentiment to take over and rally to the downside 1:5 RR

Pipshaw

Support showcasing dominance multiple wick rejections. Price failed to break past previous high signifying strong resistance. Looks like a double top formation expecting rpice to rally down with strong bullish sentiment to the support line. 1:% RR

Pipshaw

Clear bullish sentiment on higher timeframes (Weekly & Daily). Price attempted to pierce through support however very strong wick rejection. Expecting price to continue to rally up to 0.779 zone and push back down to form new LL. 1:5 RR

Pipshaw

Higher timeframe signalling uptrend pattern. HH and HL formed, however price failed to break previous HH and formed LH instead signifying a change in direction of market. Expecting price to hit around 1.204 and to form another LH and then continue to push downwards after. 1:5 RR

Pipshaw

Significant push to the uptrend with higher lows and higher highs forming. Expecting this third Higher Low to push price to resistance 1 and possibly break Resistance 2 turning it to support to form new higher high. Similar pattern on lower timeframes, H1, and M15 too.

Pipshaw

Noticed the level 1.38 as a key level in the market. If price reaches this level and does not break could be an indication for a push to the upside and Buy zone would be extra confirmation to buy and take profits at resistance /1.42 level. If price continues to go down I would wait for the 1.38 zone to be broken and look for a retest to place a trade. Waiting for...

Pipshaw

Strong resistance, x3 wick rejections showcasing strong resistance. X2 bounces on the dynamic support, expecting a push to the 1.21000 zone, and then a push back up to the resistance.

Pipshaw

Clear bullish trend. Expecting price to continue going to the upside as there hasn't been any break of trend so far. Higher highs, and higher lowers have formed too (3) extra confirmation to expect a continued bull run

Pipshaw

Highlighted wedge pattern. Clear bullish run, expecting a break of bullish trend into bullish pattern.

Pipshaw

Strong support & resistance. Multiple wick rejections on the support. Expecting bullish engulfing and break of resistance. Higher timeframes, H1, M30 respecting same trend.

Pipshaw

Long position, after retest expecting to push upside after breaking resistance

Pipshaw

Short position GBP/JPY