in Daily Chart : Weekly downtrend line Daily Downtrend line MA100 > Sell Entry : 0.7150 Stop : 0.7190 (40 pips) TP1 : 0.7075 (75 pips) TP2 : 0.6988 (162 pips) Last chance to break 0.7 in 4H chart : Downtrend line Resistance level
in 4H chart: Head and shoulder pattern 4H resistance 61.8% of fibo retracement Touching top of the downtrend line > Sell Entry : 146.35 Stop : 146.60 (25 pips) TP1 : 145.50 (85 pips) TP2 : 144.20 (215 pips)
Daily Previous LH to LL; Approaching Golden Ratio 61.8 Potential Retracement Point before continuing Bearish Movement Reaching Daily Supply Zone
I am going to make it very simple in this publication by sticking to the most obvious and unavoidable visual cues. But I remind you under this description my "Related Idea" that lists my technical indicators. I reported in a previous publication, there remained a psychological threat: THE BEARISH TRENDLINES OF THE 2018 BEAR MARKET IN LOGARITHMIC SCALE. With the...
D1 - Price broke above the downtrend line and retested it. H1 - Double wave down, price reached the 100 fibo level, bullish divergence. Currently price has broke above the most recent downtrend line. We may now look for more evidences of bullish pressure in order to join the bulls.
H4 - Price is nearing the downtrend line and if we didn’t get a valid breakout here, we may then expect the price to respect this trend line and move lower again. continuing bearish divergence. H1 - We have a critical zone that has formed based on the fibo levels of the cycles and the H4 dynamic resistance. We may now expect one more push higher from the current...
in Daily chart : The resistance level at 111 Broken support level 61.8% fibo retracement Downtrend line > Sell Entry : 111.00 Stop : 111.30 (30 pips) TP1 : 110.40 (60 pips) TP2 : 109.80 (120 pips) in 4H chart : The resistance level at 111.1 Regular divergence
D1 - Price reached the downtrend line, if we didn’t get a valid breakout here, we may then expect the price to respect this trend line and move lower again. H1 - We have a critical zone that has formed based on the cycles and the downtrend line. Price has currently reached this zone, we may now look for possible sell setups in order to join the bears.
After TLT failed to break the head and shoulder neckline,the stock is following a second pattern that supports/reinforce the downtrend (Parallel Channel). This is a good setup to either buy puts or close current positions.
Secure that bag $$ Downtrend chanel, missed the top but still looks juicy
FX:GBPJPY reached a critical point today, big resistance at this point as it is an intersection between a downtrend and 50% fibonacci resistance ... we will go down for sure, with an entry on 142.450, a stop loss on at 143.988 (23.60% fibonacci) and a first target at 141.002, a second target at 139.512 and 3rd target at 138.591 ...
Sell: Entry : 1.135 SL : 1.1362 TP1 : 1.1325 TP2 : 1.128
OANDA:AUDJPY As you can notice recently, price action appears often disconnected with fundamentals. As for example the sharp retracement after the RBA no rate increase announcement or the last retracement in progress despite all news about US-China difficulties to reach a deal. In other terms, we may say that the Forex market is definitely no longer WYSIWYG...
In the last 2 months the USDCHF has created a Bearish Trendline. The price is now getting close to this Trendline and that sugfgests us that the price might be bouncing down again as it did in the past. Combined with RSI in Overbought condition and the MACD that is starting to form a cross, this makes a great Short opportunity.
AUDUSD - Downtrend Continuation move anticipated from the retracement. Great opportunity to short the market. Weekly time frame provides sufficient confluence of the downtrend and retracement raly down opportunity. 4H time frame on the other hand provides entry reason because consecutive bearish candles. Decent risk/reward ratio with potential with second target.
Closed under a long-term treadline. Thinking the next wave down is starting. 2 gaps to fill in the 2300 level.
D1 - Price reached the downtrend line. If we didn’t get a valid breakout here, we may then expect the price to respect this trend line and move lower again. H1 - Price broke above the critical zone, potential bearish divergence. If this turns out to be a false break, we may then start looking for sells with bearish evidences. If this turns out to be a valid...