Three rejections of the ascending trendline and rejection of the 50MA and 0.618 FIB
Still in a downtrend with several rejections of trendline, creating new lower highs, failing to make higher highs. Perfect wick rejection of the 0.618, which lines up nicely with the 50MA, descending trendline and the resistance area.
Rejection of ascending trendline and 0.5 FIB. Also rejected 50MA on the 1 hour. Nice small stop loss for this one with an open TP.
Break of descending trendline, creating a new ascending trend, forming new higher lows and higher highs. Nice rejection of 50MA and 0.71 FIB
Double bottom, new higher lows forming, looking for a buy back up to the 50MA at least. 0.618 FIB lines up nicely with the ascending trendline which price is currently rejecting.
We have seen a break of the previous support and looks likely to be turning into a resistance zone. Looking for a pullback and a rejection of the support - turned - resistance before entering a short, entry likely to be around the 0.618 FIB
Were looking at a change in direction for this pair. We have seen a break of the descending trendline after a lot of bearish movement. Forming a new higher high, likely to be a small pullback/retest before making further upside movement. A good entry would be in the golden pocket area/rejection of the 50MA.
Several touches and rejections of the descending trendline as well as the 50MA. Currently sitting in the golden pocket of the fibonacci.
Three clear rejections of the descending trendline, Currently in the 'golden pocket' area of the fibonacci. Would be looking for a nice close below the 50MA before entering a short on this pair
We have had a rejection of the 50MA, if we get closure below the 200MA and 0.786 FIB, will be looking to go short on this pair.
Rejection of 50MA, which also lines up with the 0.786 FIB. Several rejections of the descending trendline
Lovely long wick rejection from the 0.786 FIB and descending trendline. Would like to see break of the EMAs to confirm a short position on this
Break and retest of ascending trendline, rejection of 50MA, 0.618 FIB and the previous support, now turned into resistance zone. Looking for a sell down to the 200MA which lines up with previous descending trendline
Rejection of both 200 and 50EMA on the 4hour, as well as break of the ascending trendline. On the 1hour we have had several rejections of the descending trendline
Price broke but failed to close above the descending trendline. If we get a clear rejection of 50MA and trendline, will be looking to go short.
My previous analysis on this pair was for a short trade. Unfortunately I missed the trade, however was pleased to see my analysis was correct. I still see further downside potential on GA. I am now hoping for a pullback to the trendline which lines up with the resistance area and in the 50MA region. If we get this, I am looking for a longer term trade.
Daily - Expecting a pullback to the most recent area of support, which also lines up with the 50ema. We have seen several rejections of the descending trendline and the most recent resistance area. 4HR - If we drop down to the 4hr we can see that price broke the ascending trendline, if we get the pull back expected, and a retest of the descending trendline, I...
Closed above the most recent support area and 50EMA. If next candle opens above the support, will be looking for a short term buy up to the next resistance, with a nice small stop below the most recent low.