USDCAD FULFILLED -27.27% FIB LAST WEEK 1.31000 AREA SEEMS TO BE ACTING AS STRONG DAILY RESISTANCE ALONG WITH THE 200EMA DXY SHOWING SEVERE DIVERGENCE TO THE DOWNSIDE LOOK TO SELL UPON A PHASE LINE BREAK SHOWN 3:1 RISK REWARD TO KEY LEVELS 1.28300 AND 38.2% FIB HAVE A NICE DAY
The chart draw a head and shoulder pattern after inverted Head and Shoulder last February to April. Waiting for good News on GBP tomorrow. Since this is overbought, it needs to be breath around -15% to -50% (a nice entry for uptrend). beware of FED Announcement because this are main things that GBP become bearish. BREXIT is a bullish trend for this. Happy...
Alright, what we have here is a classic long candle and doji pattern inside a bear flag. This pattern indicates that buying power is diminished and a gap down tomorrow could signal a shorting opportunity with stop loss above the flag.
We are long now. See chart
USDZAR as been correcting this year and is potentially goin down to the upward weekly trendline. Im now looking for a basic structure trade inside the 4H trend that developed due to the correction. Pinbar and doji showing rejection inside the the expected area and risk reward is pretty nice.
This bearish gartley pattern talks by himself .The Rsi is overbought and have a divergence condition,the strong bearish trend and the doji candle in D chart is enough to get involve in this particular trade but leave just before the nonfarm news release just in case .
Please see annotated chart for details.
This pair is in a good and long trend in D1 time. But, in Monthly it is making a doji while touch the 21 mme. In the Weekly time the pair is kind of losing forces and it is a little far from average. Besides the trend of D1 graph, i want to sell. A made some lines and figures trying to show this "reversion" in the D1 (but according to the long term Monthly...
- Price respects monthly resistance level - Possible Cypher pattern in play - Daily candle is forming a Doji indicating price indecision.
Please see annotated chart for details.
FX:XAUUSD Is in the end of the bull trend, today bar present a doji at the 1250/1260 zone. in a few days can broke the trend line. Setup: Short Target 1: 1190 SL: 1290 Ideas, comments or corrections. They are always welcome
The daily shows a clear reversal signal with the doji candle and strong bull rejection. This can mean a good move down into previous SR zone of 75.5. Comments or idea's, please post them below :) Thanks for reading!
The 12 hour chart and daily chart show clear reversal signs, long wicks at the top where further movement up was denied. If former price action is any indication, price is likely to move to former resistance levels around 1.122 Comments or idea's, please let me know below! Thanks for reading and good luck trading next week :)