$XLM is facing a strong resistance area created by Fibonacci 0.5 level and the Mirror level at 0.14. Bearish trend is likely to continue and reach the support at 0.1$
One more leg down as expected. Posting part II of my analysis to show a beautiful Triangle on 15M chart. Price action shows pivot point reversal reacting to 0.707* (70.7%) of Fibonacci Retracement. Triangle confluence with 14.6% target. *0.707 is the square root of 0.5.
OANDA:US30USD US3O retested at 50% Fibonacci PRZ and had tested twice at that area and formed a bearish engulfing candle on the 4H and 1H timeframe. This confluence creates a confirmation for the continuation of the bearish trend.
OANDA:GBPUSD GBPUSD in an overall bearish trend on higher timeframes(DAILY,4H,1H). Price broke a key level of support to continue its bearish move. Let's wait for a possible retest at one of the FIB retracement levels alongside a bearish reversal pattern to go short on GBPUSD
OANDA:AUDUSD AUDUSD broke bullish structure on the 4H and DAILY timeframes. Let's wait for a retest at one of the fib levels, and a bearish reversal pattern to form to go short on AUDUSD
Although I'm waiting for my Bearish Shark Pattern on both 4-hourly and Daily Chart. I am more interested to wait for a shorting opportunity in this descending triangle setup. Either a retest of the descending trendline or a break and close below the support line could be a sign for me to get involved in this shorting opportunity. With that said, rules of filter...
Hello everyone. Here we have the EUR/USD daily chart. The trend here is still bullish, but we have to keep in mind that the trends of higher time frames are bearish, and we also have a few bearish signs on the daily chart. First, as you can see, the price tried to climb higher, but after that we could see the W&R pattern and the downward action started. Also, the...
LUNAUSDT tried to break and stay above previous ATH twice but failed. So it might possibly form a double top (M) pattern. On our previous post, we noted that there was a bearish RSI divergence. LUNA already started its downtrend and broke below the first support level. Next support level(s) are noted on the chart. * Not financial advice. Please do your own...
Hello everyone In this scenario price at NZDUSD currency pair haven't confirm any fact, but it's good to have NZDUSD in our minds. This pair might be good for trading later, we just need more data, more facts, before we hit a button for buy/sell. At the moment NZDUSD currency pair is in bearish trending and bearish territory. One interesting thing at this pair...
Hello In this case we are looking bearish trending adn confirmation flow on both daily and four hour timeframe. This analysis is presenting very strong and powerfull momentum flow, because both timeframes connect at once at the same timing. FLIPPING SIDE - Presents who has power on the market. At this moment we are count on bears. Daily confirmation - when...
UPL seems to have formed double top pattern and now it has come to retracement level of neckline after breakout and then giving clear rejection for the upside move. Also, we are seeing a clear reversal in the uptrend in the daily timeframe. so possibly can test previous swing high of 650
On the volume indicator, I can see distribution on the shares the bulls have collected their profits, letting the bears enter the rally, In January 2020 the GME stock has got a huge pump coming from social media like Reddit and Twitter, which prompted the platforms to limit the number of shares purchased as a maximum, and prevented some platforms from trading the...
Bears are always welcome in the oil market, we have seen a huge rally for oil in April 2020, some producers have made a big reserve of production. we always see that the market has always to correct the direction allowing some associated to collect their profits, bulls out bears in. for the next period we find bearish news looming on the horizon, -Omicron is...
So i legit stubbled on this one i have done no research or dug into it but i noticed something that right away caught my attention first i was on Unusual Whales FLOW page and i noticed 309 THOUSAND dollars on 2 option trades one being an Opening Position trade and smaller secondary one ( go check it out if you have whales ) one was placed same day mins before the...
Looking at ETHUSDT and TOTAL. The patterns are telling me that the Crypto market is going to go in to a Bearish trend or sideways consolidation period through the rest of the year, if not longer. I am definitely a believer in crypto currency, but for me, now isn't the time to buy...in my opinion. I'm going to keep an eye out for opportunities, but not going heavy....
Quick TA on BTCUSDT. Price needs to break above key levels before I'm bullish on it again. Looking at the bigger picture on the weekly chart. This recent run up was just part of the bigger flag formation. If price stays in this pattern, it could be late 2022 before we see the next rip up. If price breaks the pattern sooner....we would want to see it happen VERY...
EUR/CHF Short opportunity arising !! Note: Please do your own research before taking trade. Short: 1.08220 - 1.08117 Stop Loss: 1.08657 Target: 1.07000 - 1.069005
FOREXCOM:XAUUSD There has been a strong support level since April 17, after the breakout that occurred on April 13. Also in the meantime, we can see a near resistance/ support level I confirmed these strong and near level by circling each testing that occurred on the level Also EMA 10 & 20 period tends to become the dynamic resistance Also have same view on 4hr...