First, let take a look at daily chart. On daily TF, GA has formed a nice doubletop. Now on H4 TF, waiting for breaking the flag before taking any decision. Wish you trade safe and sound.
EURAUD is giving us a nice opportunity to sell the market. After completing a large ABCD pattern, and reversing from resistance, a bearish continuation pattern is forming. We have a nice bear flag (blue) along with a partially formed head and shoulders pattern. The smaller BC impulse found resistance at the .618 retracement of the AB leg + structure....
cadusd has broken ascending trendline and made a bearish flag pattern. Waiting for price to break out so I can enter.
The market is at a turning point now it seems. Going to keep this one short. 2 options here, it's either a bear flag or a double bottom. For the double bottom we need to see it move inside of a small bull flag as we can see on the left. So needs to stay close against the neckline of the W bottom for a while, maybe a few hours. If that will happen, a break upwards...
Just many things that don't add up the past week since the Bitfinex dump. There was panic when the news came out, which looked very bad at first sight. But 4 days have passed with sideways price action, which is not really confirming that we have panic in the market. OI' back to it's level from before the dump as well now. Now assuming that many people have an...
Our analysis on the 18.04 indicated a Double Top Reversal Pattern from which we expected the EURUSD downtrend to resume. The currency pair effectively continued falling towards 1.114 before reversing towards 1.116 and consolidating between 1.114 and 1.116 on low trading volume before resuming it's downtrend as trading volumes increased. We therefore see that a...
Oh no! Bearish Flag on it's way. I hope it will not complete, or you will have to delay your moon landing schedule.
The price seems to be starting to form a bearish flag, it is still in its early stages, it should give us an idea within a couple of hours if the price is forming a bearish flag or not. The price had recently dropped a lot, this had cause the RSI to move into an area of being oversold. The price is currently in a period of consolidation, this would allow the RSI...
It seems like this pair is going to be moving down even further than it already has, this comes from the fact that a bearish flag is forming. The flag had started to form as the RSI hit the oversold level, meaning this could very well be a period of consolidation. An eye should be kept on which side the price breaks out the flag, it is very likely that the price...
gbpnzd has been bearish for some time but price has created two bearish flag patterns while staying in a consolidation period. Inside that period, a rising wedge occurred.
Here are my BTC/USD notes with major supports and resistances on 1W chart. ------------------------------------------------------------- This notes are only for education purposes.
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.
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...
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
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.
The Price has formed a bearish flag after the rupture of the trend. We are expecting the Price to continue its bearish trend and go further down RSI and MACD divergence is shown in the graphic
IT seems like NZDUSD will form bearish flag pattern
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.