this formation is quite rare but Im always looking for it in any chart or time frame, do not take it blindly wait for a break out formation or confirmations such as rejection or retest of broken trend line or dievergences for now im still waiting too what is going to happen
Recently started trading Ichimoku on the GBP/USD. With the Tenkan-sen below the Kijun-sen, a bearish future judging by the cloud and the Chikou span being below price indicates a continuation of the bearish trend. on the 4 hour price is trading close to the Tenkan-sen just awaiting the signal and confirmation to short this pair.
please give me any feedback i am...
Price reversed from a 4hour resistance zone and it broke out of an ascending channel. Price is currently retesting that broken channel and it has the potential to drop towards the ascending trend line. We will be waiting for a sell setup on a lower time frame to confirm the down move.
I have spotted an amazing bullish price movement confluence for BTC. In the 1W Chart I spotted rejection towards the 2770 EUR Support Zone, and now the price made a Double Bottom pattern ( A strong price action reversal pattern. ) When I moved on to the Daily Chart I spotted this huge Head & Shoulders formation occurring with a Neckline ( Brake out line) @...
Levels on watch for $BABA. Looking for it to make a weak recovery attempt to around ~$177.50 before failing and heading back to support around $165.50.
Here we see the GBPJPY is following a channel pattern and as we can see on the image , potential scenarios that could happen to the price is shown in the image. Lets wait and see what happens...
Patience is key!
Please, if you have any opinions regarding my analysis, let me know as I am always looking for ways to correct my mistakes in my analysis.
A/U Started to sell off and retraced back to 618 and TRIED to retest levels but was not successful. Price also broke horizontal support close to the 0.70600 area. Bearish crossover on DMI AND bearish MACD confirmation. Elders Force Index is not showing signs of bears backing away. Take profit at 0.69802
Price topped out it looks like, quick reversal will take place before price continues to be bullish. Looking for a retracement back to the 0.5 levels on fib where we see previous consolidation. DMI bears have also just crossed over the ADX and DMI bulls, this confirms that bears are in power right now. I would not enter until a little more confirmation to the down...
Hey guys,
What do you think of XAUUSD 61.8 has been hit, my first analysis was that the price should go to 1360 now with the fibonacci it comes exactly on the -27.00 which is 90% correct if the price the 61.8% respected
what do you think, first hit the trend line or the rise upwards.
The indicators indicate down momentum can still be strong that it goes first to...
Hello friends,
as you can see we have a big bearish W-pattern every lower-low is 50 pips lower which is perfect, price has broken the trendline but has a rising wedge on the point of falling all indicators indicate overbought to be 1st target fibonacci level 61.8 is 325 pips 2nd target next keylevel 1.86500 which amounts to 540 pips.
let me know your opinion,
good luck
EJ has hit the support zone within the larger wedge pattern.
A small consolidation occurred last week and price started to push upwards towards the close.
This week should see price pushing up towards the resistance zone and then a major move will occur for the EJ.
Just looking to trade with the key price action.
