Candlestick Rising Held as support as we have had completion of Inverted Hammer and Engulfing bull patterns at this same level. Connors RSI below 10. For Elliot folks, please check the count that it doesn't violate any rules, and the retracement/correction has moved back down into middle of wave 4 Price has retraced down into wave 4 of previous impulse wave. So...
This trade may be turning up faster than anticipated. My original prediction stated that it would probably fall and retest its trend line break, but it seems that this pair may just be headed upward without it. Watch this one! If I see a candle pattern I like I will go long and update this post.
Hey guys! So this is a quick counter trend trade off of the support up into the trendline. The candles are encouraging, and if the current candle finishes somewhat it looks like now, then I will be going long. I will update with Entry Levels! Check Out Our Focused Forex Chat! atlas-trading.signup.team
This Trade is a simple short, given the overbought strength into resistance. If I see some more bearish candles, I will be shorting. Will update with entry levels! Check Out Our Focused Forex Chat! atlas-trading.signup.team
This one I will be going short upon the completion of another bearish candle. Im looking for either a pinbar or engulfing candle to seal this one. I will be updating with Entry, etc. Join Our Focused Forex Chat! atlas-trading.signup.team
This one is all about watching the price action. The RSI isn't really telling us anything useful, but we have an interesting structure forming here. Traditionally, I'd be looking for a break of this resistance, but something tells me that if it breaks, it wouldn't be a violent move down. Instead, I'm looking for a bounce candle so I can ride this trade back up...
If this pair closes below the trend line tomorrow at 4pm, then I will be taking this pair short for sure. The strength suggests a break lower. This is a pretty simple trade! Join Our Focused Forex Chat! atlas-trading.signup.team
Coming off of this double top, we need to look at this crucial level. Depending on how the candles behave in the next few days, we might have a profitable bounce on our hands. I will be updating with candle analysis as we move forward. Just remember, trade after confirmation of the move! Don't waste your money betting just to be up 20 pips. Check out our focused...
Put this one on your watch lists folks. I'm looking for a downward break to sell if buyers get thwarted.
Here we see weak RSI, along with a strong break of a long term price level. I'm going to be watching the price action on this one, and if i see buyers thwarted, I will be selling short. Watch this one guys.
Depending on how the candles behave on this one, we might be seeing a classic Head and Shoulders pattern, which means that this extended pattern that has played out over the last few months could signal a YEARS LONG trend reversal for Sterling against the Euro. Watch the candles over the next few days, and we might have our answer. Look for Pin Bars and Inside Weakness.
Here we see a rising RSI, weak candles, all moving into a support. I expect to see a bounce in the coming weeks.
Just like CADCHF right now, CADJPY is seeing weak candles moving into strong resistance with terrible strength. This will be moving down in the coming weeks.
After a sharp recent rise, I'm seeing multiple indications of selling taking place, possible leading to a move down to the 84 area or lower. Obviously, this is negated by a push upwards towards 89.
$GBPUSD Cable slowly grinding up from what I believe to be the bottom (two bullish candles). Only time will tell... Used ichimoku kinko hyo as a technical indicator, on the 4h chart. Please see the chart attached to this post. Any comments, suggestions, opinions etc. are welcome. I remain LONG. GLTA!
We have european data coming out at 5 am and american at 8:30 that could twist this us so be sure to be watching in the mean while and maybe take some profits if things tart moving against you, i have those 2 as my trade scenarios red is my stop loss and the green is possible targets reaching to edge of the expanding channel. Short is where most profits can be...
Many confluences as the uptrend line is broken on the daily timeframe, fib line up with numerous indecisive candles. ETC. Please Like and comment feedback, it really helps, Thank you.