📈 Overview: CHFJPY's uptrend encounters challenges with a flat top, bearish RSI divergence, and a bearish market sentiment above 90%. The neckline break signals a potential shift. 📊 Technical Analysis: Flat top, RSI divergence, and neckline break indicate a possible reversal in CHFJPY's upward momentum. 📉 Trade Strategy: Traders may consider a short position...
📉 Overview: GBPNZD is currently in a robust bearish trend, offering traders an immediate entry opportunity. Our analysis, grounded in DOW Theory, underscores the strength of the downward movement. 📊 Technical Analysis: DOW Theory principles highlight a consistent pattern of lower lows and lower highs, affirming the prevailing bearish trajectory. 📈 RSI...
USDCHF got again rejected at the top of the range! This idea is based on my previous Idea on USDCHF that we made profit but we scratched. Sell again at the top of the range. 5.88 R/R
This analysis uses daily timeframe , and here are some reasons to support seeking a sales position: 1. Currently XAUUSD in bearish position 2. The price in bearish resistance 3. The price also in fibonacci retracement area 78.6 4. The price has the potential to develop a pattern AB=CD So, we can wait to seek a sale position like waiting for bearish candlestick...
AUDJPY is reversing. The pair set a lower high and lower low on a daily breaking a solid support. It looks to me as a classic bearish reversal pattern. I expect a bearish continuation at least to 89.6 target level. Please, support my work with like!
"AUDJPY is in a downtrend, retraced for 10 weeks into the weekly supply, and formed a 4-hour choch. Currently reacting at the Fibonacci 0.618 zone. Took the trade after a 15-minute confirmation. Let's see how it unfolds! #ForexTrading #AUDJPY #TechnicalAnalysis"
oh, yes today was a volatile day, while Powell gave his testimony, the market moved a bit up and down.. With the news yesterday, that the increases may continue, the market was in a panic since a few weeks ago It was assumed that there would be no increases. Surprise the Fed did it again. But currently the market must price in .50 and who knows if .75, what I...
USOIL Daily candles are showing buyers exhaustion while being at an exhaustion zone and maintaining bearish structure. I expect to see some sell pressure take place to continue overall trend.
US Index NAS100: Continuation of current bearish pressure. Structure is still maintained to continue selling price in this area.
GBP/JPY Price is showing an increase in sell pressure and has broken its previous bullish structure on higher timeframes and is now trending bearish currently.
The security shows continuation of it's bearish trend after a sharp bounce from its bearish trend line. Sellers can seek the opportunity to sell on the dip till the next respected trend-line support of 67.7. (please note: the energy is formed a falling wedge pattern and might change its trend into bullish, so be mindful).
Hi there! So, I heard that the economy is in a bit of a rough patch because the FED is raising rates, there's some quantitively tightening happening, and there's a potential recession on the horizon due to a supply shock from the Russia-Ukraine war and China's pandemic restrictions. It looks like we might be heading into a recession, which is sooo not good news....
Keep your eyes open. Structure forming a triple top pattern for now price still looks bearish Thanks for reading AS ALWAYS TRADE SAFE AND STAY SAFE
Descending channel - lower highs and lower lows. On Eurusd bearish trend.
That's my ultimate speculative map for a potential downtrend anatomy for LINKUSDT. We have a reversal Head and Shoulders top in formation, which a pullback to neckline can occurs in a retest of broken dynamic trendline. If the price remains bearish, a test of the volume point of control POC can be expected. Then a potential downtrend in a parallel channel...
Descending triangle are break both side upside and downside so, in that situation we should wait for break and retest than we enter in trade I wrote Both possible scenario target on chart Take trade after retest and set SL according to your Risk management I hope you enjoy my thoughts If yes, hit like and follow buttons
Head and shoulders pattern is made and breakdown In daily time frame.. After retest done price will drop to 1100$ But market is very choppi know so, keep tight SL I hope you enjoy my thoughts If yes then don't forget to like Thanks
This movement we saw going in to Memorial Day Weekend doesn't give me confidence in the market reversing out of this corrective movement. There are many factors that make me think this is just a breather before we see more down trend. I will need to see more levels shattered before I see a clear uptrend. For now, I'm just playing the directional momentum, and...