in this pair my long term view is still bearish. W1 - Suggests down moves. However we are still moving inside a channel and price just bounced from it. We can see it back on top, until 1.3550 level is holding we will be looking for sells. H4 - Bearish trendline slightly higher. We may expect the price to find strong resistance around 1.34 level. Price is...
H4 - Breakout of downtrend line happened. Price moved higher after breakout. We can look for buys as long as the last low holds. Suggested strategies for this trading opportunity : sRs Trend Rider 2.0 and Forex Triple B 2.0
USDJPY on H4 chart is in a downward trend, where lows and highs are at lower and lower levels. Last week there was a correction of bearish impulse which began on June 2nd. This correction has reached confluence of resistance, where horizontal area 110.65 converges with downward trend line from 11th of May this year. In that place bulls gave up and pair returned...
USDJPY on H4 chart is in a downward trend, where lows and highs are at lower and lower levels. Last week there was a correction of bearish impulse which began on June 2nd. This correction has reached confluence of resistance, where horizontal area 110.65 converges with downward trend line from 11th of May this year. In that place bulls gave up and pair returned...
Currently got an outside channel test which even if it breaks above there's that huge downward trendline not far above which is bound to give us some resistance. Break above and then a test of that we could be looking at continued bullish action. Look for the cheap trade with tightest stops on the test of the trendline if this is the case.
Just sold AUD/USD into the direction of the underlying downtrend. - Price is currently trading at a major downtrend line - Price continuously trades lower. Indicated by red & pink support lines - 240H shows kind of triple top + Candlestick pattern
AUDNZD long term - we have a clear bearish trend. Short-term correction phase near FIBO 50% We might have a stall phase. placing an order to sell the break of fibo level. Technical indicator RSI+MA turning around OB zone, Once RSI will pickup a bearish momentum which will confirm the projected movement for a new short position. TG and SL on the chart!
It can take more or less time, I can't predict how the next candles will look because BTC market is moving fast.
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". This week I'm keeping my eyes on the Euro / New Zealand Dollar pair. Its been on a down trend for a while now and could be hitting...
Good push today, but need to close above downtrend line before further upside
eurjpy approaching downtrend line and at resistance watching for a breakdown
AUD has been trending very nicely to the upside but now we are approaching to a spot of resistance. We have a Gartley formation with an AB=CD move as a plus. Notice that also we have structure looking left and a descending trendline that until now has been respected. If the Gartley pattern completes, it may create a "fakeout" on that trendline. Going to keep an...
SHORTING @ 1.13960 SL 1.14120 TP @ 1.12230
Good day all, Here we are looking at a Bearish Cypher pattern that completed and are now ready for entries. The main trend line here is a Bearish trend and we are sitting now with a Bearish Cypher pattern. RSI is at extreme overbought conditions and we are sitting at overbought +- 80.0 level. We aslo have a shooting star at ARROW A and a Doji Candle at ARROW...
Seeing today's high test bar close rejecting a past level acting as both support and resistance within close proximity of a Fibonacci cluster (38.2% and 50%) drawn from two previous swing/cycle highs and rejecting the falling trend line for a third time highlights this end of day set up as a potential selling opportunity. Recent lower highs and lower lows...