The EUR/AUD pair is currently in a downtrend after being broke out from a symmetrical triangle. It is currently facing pullback which can be construed as a bearish flag pattern.
We expect the pair to be bearish once it breaks the flag pattern.
Bear flag! currently breaking to the downside, wait for today to close and then look short for the next couple of weeks. about to be a large move to the downside!
Atos is showing us what appears to be a beautiful bear flag.
The rejection at ~116.85 looks like a wonderful setup. I'm looking at a target around 100.
Price breaks down the support and its forming a BearFlag ,using the bear flag pattern i will be looking to short the trade when it breaks from the flag ,means when it breaks the previous lower lows.AND THE FIRST target will be 1.5550.
The old adam and eve neckline we broke up from before was holding very strong support after the bearflag breakdown but could only hold for so long before it gave way. Are next 3 big supports are 7.3k the 4hr 200ma(shown here in blue) the 1 day 50ma and the 7k psychological. The bearflag breakdown target could send us all the way to 6.9 or even upper 6.8k. However...
Nice little bear flag forming on this pair here. With the Aussie maintaining it's poise in the face of a hawkish FOMC and falling commodities, the dovish BoE will drive the pound down which I believe will be the catalyst for this flag breaking out nicely.
Good luck!
Ever since Ethereum has crossed the neckline of the major inverted head and shoulder, the buy volume has been lacking, including on the break out, barely pushing through the neckline at first as opposed to other cryptocurrencies. I can identify a couple things that are more probably to happen to Ethereum.
But before I do that, I would like to say that I am...
This pair has been forming what seems to be a bear flag for quite some time now. With the Kiwi now finally showing signs of life, my bias is that this pair will break out down soon.
Hey guys,
I feel the need to give you an update on ZRX.
A small support has formed at the 14.8k levels,which has been confirmed 3 times.
No matter how this plays out,we got a bear flag forming on the 1h candle chart,so i'd recommend you to stay out of ZRX for a while,unless you are already in.
You should also use that purple line as a strict stop-loss...
Ladies and Gents,
I'm already holding short positions from previous posts (refer to links below) but will add bigger position if the bear flag triggers.
The strong impulse down leg and consolidation is forming a tight bear flag pattern.
Take profit shown at GREEN line.
Reduced stops shown at RED line.
Lower R/R at just over 1:1, but in my opinion is a...
H4 - We are now at the top of the bearish flag. Expecting one more spike up before continuation lower.
M15 - I'd like to see bearish divergence forming as well (on the MAs) before considering sells here.
82.30 is very strong zone. This is where we might expect the price to bounce off and continue lower.
The monthly chart of AUD/USD is currently in downtrend.
It is the process of forming a full Elliot wave .
The correction wave 4 has happened in the formed of bearish flag and it has given a valid breakout.
Hence,we expect the counter to be bearish in the upcoming days.
Not an advice,
Just my own observation. I think this is a bear wedge which will initiate a 1 wave out of a 5 waves sequence downwards.
But hey, anything is possible and this is again not an advice.
price is currently consolidating in a potential flag pattern. i anticipate the Euor to continue to lose value, but before it continues its puch down i believe it will retest this strong trend resistance before it falls back down to test the monthly support. From there i believe price will drop to the 1.10 area, or a minimum of the flag pole.
FIERCE SELLING INTO EVERY RALLY BUT FRIDAY'S RUNUP AT LEAST LEFT A LITTLE GREEN ON THE TABLE
THE REACTION TO RISING WEDGE BO DOWN IS ONGOING, INDEX RESPECTED PRICE TRENDLINE THURSDAY ~24K
EXPECT ANOTHER RALLY ATTEMPT ON 7/02. DON'T EXPECT IT TO GET MUCH ABOVE 24460, THE WEDGE MIDPOINT.
TRADED RIGHT AT MIDPOINT ALL FRIDAY BEFORE DAYTRADER SELLOFF, WHICH WE SEE...
H1 Chart got a failure breakthrough bottom which was bought back very quickly. But the flag (bearflag) is still aktiv. So we have to take care with our next turns. Maybe a small position for breakout is possible. If u watch H4 the Bearflag is also forming...
As you can see, we need the double volume for the green flag that for the red flag. thats not really bullish.
my previous analysis i posted a small accumulation period with target over 7k. that acumulation period turn out to be inside a bigger BEAR flag. with first target on 5600$
The dump should start around June 22 or 23, we will make a double top near 7 k before falling down.
Alternative variant: brekout 7k we go to 7.4k aprox and stay sideways while altcoins...
On the Daily Chart it looks like the next Bearflag is forming. Possible that we will se 6300 Dollar and then leave the flag bottom. Second Scenario is that this is really the bottom, and we can grow from there. But i think we need to go down and come back with a big pullback to get the 6300 and then 6800.
For this Bulltrap the Range would bring us to 5804 Dollar.
