Hi Traders! There is a bear flag pattern on the EURUSD 4H chart. Here are the details: The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel. The 20 EMA has been broken, and we are getting bearish momentum candles forming, and we are awaiting a possible test of the flag's channel to the downside. Preferred...
Hi Traders! There is a potential bearish pennant break on the AUDUSD. Here are the details: Price is currently on the 20 EMA, and with market swings with lower highs and lower lows, the price action suggests that this is a bearish setup. We are looking for the market to target the trendline support with a possibility of a break below to target levels near the...
Hi Traders! EURUSD looks to be continuing to the downside, and there is potential for a support price break. Here are the details: The market continues to swing lower with lower highs and lower lows; the price has also broken below the 20 EMA recently. We are looking for the market to remain below the 20 EMA to continue downwards towards the support area....
Hi Traders! SPX looks to have fallen short of the record high, and there could potentially be a big pullback that is about to occur. Here are the details: There is an evening star candle pattern currently on the 1W chart, and this is the first week the market's weekly open price has opened substantially lower than the previous week's closing price in about 8...
Hi Traders! AUDUSD has tested the 6-month high but has failed, and there is a potentially big pullback that is about to occur. Here are the details: After the range zone breaks to the upside, The market was in an aggressive bull rally to tray and test the 6-month high but has exhausted due to a strong bearish presence at the 6-month high. The next signal to...
Hi Traders! There is a pullback on the bullish momentum we have had over the past few days on GBPUSD, and there is a head-and-shoulders pattern on the 2H chart. Here are the details: The market is rapidly approaching the neckline, and there are opportunities for short entries to target a break below the neckline. The market has also broken below the 20 EMA,...
Hi Traders! USDJPY is under more pressure as we head into the final trading days of the year. Here are the details: The price action here on the 4H chart is extremely bearish. The 20 EMA has been broken, the market swings are getting lower and lower without any bullish pullbacks suggests that there are hardly any bulls in the market at this current time. We...
A short trade opportunity recently presented itself on the kiwi-dollar trading chart 📉. This is indicated by the bearish engulfing candlestick 🕯️ pattern just on the 0.60210 horizontal resistance level. This indicates a false breakout (fakeout) of the same level, with potential price move in the downward 👇 ⬇️ direction. Sufficient downward momentum should see...
A bearish trade opportunity recently presented itself on the kiwi-yen trading chart 📉. This is indicated by the bearish inverted pin bar just below the 88.957 horizontal resistance level. This shows a rejection of the same resistance level, with potential price move in the downward ⬇️ 👇 direction. Sufficient downward momentum should see price dumping towards...
I am anticipating the top of this intraday indecision uptrend. The 4 hour has been creating weak candles throughout this bullish push to retest 38.2. or the bearish engulfing for the daily Lower high. Intraday on the 1hour chart price presented a shooting star at a retest of a prior shooting star. I placed my stop loss just above some prior highs in that area.
Price action pulled back to the dynamic neckline resistance from the major Head and Shoulders in formation. From the chart pattern perspective, this phase can considered a important turn-point, which psychological terms can rise interests for the bearish-side and growth of bearishness of market. In addiction, retroactive Fibonacci retracement potential fractal...
BTC's new range? its still bearish. > 4h Adam and Eve pattern. > btc didnt hold above 21200 last day > rejection from importatant level > quaterly results are bad > 6 month chart will result in panic selling and capitulation if btc rallies up then any long above 23k (above this range) is safe. if that happens we target imbalances on top till 28k-39k. everything...
Microsoft Short Term - We look to Sell at 260.71 (stop at 269.78) The primary trend remains bearish. A sequence of weekly lower lows and highs has been posted. We can see no technical reason for a change of trend. Preferred trade is to sell into rallies. Further downside is expected. Our profit targets will be 238.72 and 230.00 Resistance: 267.00 /...
This shows the marketcap of the whole crypto market. This is what I expect to see. If this scenario plays, then we can say for sure we are in BEAR market.
From the $34.50s to $47.23 sell off. The 1.618 suggest $55 is the next swing. From what I see today AMC peak at $44 and start to show bearish signal. I expect harsh retracement. Ideally I would love it dip around $40-42 and consolidate goes up. But if it has a harsh reaction $37-39 is the bottom. AMC atm most likely will form a smaller symmetrical since the...
1 hr TF Staying below 257 is a pullback territory for LTC down to 239-236 because of Hidden bearish divergence on 4 hr TF which will be active as long as LTC is below 257.
This is my Bitcoin price prediction for daily timeframe.If this trade plays well,then this is a high risk/reward trade for sure.
Hello All, hope you are having a great day! Welcome to today's "Aglogains - Daily Trade Series" ETH USDT has rallied up to 3533 making new short term higher highs, proving the strong continuation of the uptrend we have been seeing. If we look towards the left a bit, around the price range of 3520 to 3560 ETH USDT has seen a strong resistance. Since ETH has...