So far this long term short trade is going very good, caught a decent first entry and a perfect second entry (yellow circles). Now there are 2 things i will watch:
1) If we move up and break the red zone, i will close half and wait for a re entry.
2) If we drop and break that big green support zone, i will increase 50 to 100% at the yellow circle. So after...
As market break the Bearish Trendline, a recent resistance line at 0.9687 became an important level to look at, if AUDSGD fail the break to the upside of the parallel trendline is a high possibility that AUDSGD will be trading lower than 0.9569*.
I'm certainly more bearish than bullish on this counter as for now.
This is not a picture perfect failure test trade but the 0.65 fib, potential double top and potential top of a weekly bearish flag here packs an extra punch for this trade offering a great reward beyond the first target.
I noticed a bear flag pattern on the GBP/NZD currency pair, coupled with a head and shoulders pattern. Both scenarios should be reason enough to look for potential shorting opportunities on this currency pair
D1 - Price reached a critical zone, bearish divergence, moved lower and broke below the trend line.
Currently it looks like the price is retesting the trend line breakout.
H1 - Bearish flag, once we get a valid breakout below the bottom of this flag, we may then start looking for sells with bearish evidences.
Crude Oil Short
After seeing the first drop at 60.25, oil has been declining ever since.
And a bearish flag pattern is seen on the 1 hour.
I see this as a CP (Continuation Pattern)
To tie in this thought, I also see compression into demand where buyers keep buying until it reaches an area where supply exceeds demand and it quickly falls,
Within that blue...
On the weekly total crypto marketcap chart we are currently either still in a symmetrical triangle that could also be a bear pennant, or currently up out of both a daily falling wedge (in yellow), as well as the much bigger weekly falling wedge (in green). Bullish and bearish price target projections are posted accordingly and are color coordinated with their...
Almost everyone has noticed the bad news about the KHC, which is owned by the legendary investor Warren Buffet. The fundamental analysis could still point to further weakness, but the technical analysis might be a bit more optimistic.
We can see some nice patterns on the shorter timeframes (1H-4H). After the big drop, a consolidation triangle had formed, which...