EURGBP failed to cross the flag pattern and its now forming its triangle structure and going to retest the bottom and it probably wins it and drop even more
Today, Bitcoin still bearish in H1 timeframe and we see that the trend it's going to make a reversal. So, I'm still in short position until the $17,020 USD. You can to put your short position entry in the market price with a SL at $17,800 USD and a target profit will be $13,400 USD. As we se in H1, we are into this bearish chartist pattern of continuation of...
SPX is losing its streaming on daily just like starting from 12 Oct each day closing lower than its previous. Near supports are 3510, 3487, and 3406. Definitely, this is base on technical unless some other news catalyst invalidates this trend.
Today, we see a sell pressure in the Euro!!! We see in H4 or H1 timerame a formation of the next chartist pattern!!! It's a Shoulder Head Shoulder Bearish pattern. Euro form a bearish channel in Daily timeframe as the supply continue. So guys, we could see a good short opportunity So, in H1 I hope a short entry with price action confirmation between...
I typically trade Gold on 1HR & below but this 4HR set up caught my eye Confluences: - Rising Wedge - Clear Downtrend - At an area of resistance - Trend Meets Resistance Ways to Enter: Conservative: Wait for price to close below that last area of support (1901.251) then enter. Aggressive: Have a sell limit at resistance area or sell once price reaches...
the detail is shown in the above Idea. USOIl is nearing to 0.78 Fibo level based on Gartley Pattern and Bearish Trend Will start .
Hello, traders. BCH is bearish on the way that we look on the chart, the price is below two important resistance points. The price seems to be forming an accumulation pattern on smaller timeframes, but we can't buy near some resistance points. Best Regards.
Hello, in this little analysis of macro-trend on monthly timeframe, we see the weakness of the Australia Dollar and I estimated that we are in the descendent triangle, that is a bearish chartist and then, we continue bearish from the year 2011, that cause an Australia's economical reccesion. So, our target and objective that we could to see is the $0.87...
At the moment of this analysis, we continue in sell Euro, so, very important is that tomorrow there will be a news of German Retail Sales, that news could be impact in the Euro. Now, looking the graphics, we see a formation of descendent triangle in H1 timeframe. So, my objective of this operation is just find down 40 pips with 22 pips of SL. Now, dont recall...
Background: The current bearish cycle commenced in February 2018 and it is still intact and has some way to go. In the short term it had some very messy sharp up and down swings, however, it is very likely that it has resumed a longer term bearish trend – see previously published chart in January 2018 lined below. Fundamentally , like most economies, Europe...
At the time I charted this but never published, it was a possible bearish set up. Now I am publishing it, it seems more the likely option to play out. The purple trend lines drawn are weekly and daily S/R. The dotted white lines, more recently added to the chart and also S/R. The MA lines shown are: 21MA in red, 50MA in yellow, 100MA in purple and 200MA in...
Nice R:R on this potential bearish trade. More downside could be expected for OANDA:EURNZD as this is moving in the descending triangle.
Audnzd made a strong push up and is at the resistance line of the bearish channel... watch for signs of a reversal. Tp 1 : 1.06724 Tp 2 : 1.05334 Tp 3 : 1.03802
The MACD shows a downward trend in T since February 24 when the indicator turned negative and continues drop for now. The signal (white line) is not close to the indicator, so it should continue its trend for a few days.
This is an update on the previous post I shared on EUR/USD, with a detailed explanation of the thought process. In this chart we have a bearish trending market as the root cause of a 3.6% decline in prices. A bearish trending market is defined by lower lows and lower highs. A red sloping diagonal line highlights the bearish trending market by connecting the...
W1 - Currently we have a bearish trend so until the bullish divergence is created we may expect this trend to continue. D1 - Price broke below the bottom of the triangle pattern, we also have clear trend supported by MACD and RSI. H4 - We have no opposite divergence, bearish trend pattern. H1 - Bearish trend pattern, we may now look for pullbacks and sells with...