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Although this pair has been quite choppy it clearly has an overall bearish bias to it. You can see marked in red that this pair is continually making lower highs and lower lows. In addition to the clear down trend, the JPY has been very strong across the board in other JPY associated markets. For these reasons there is absolutely no sense in attempting to buy this...
Hey guys! After EURGBP broke through last week or so with an absolutely beautiful Complex Head and Shoulder's Pattern, I spotted that the profit target for the H&S Pattern would actually pierce through the 0.74850 Major Resistance Level! (Pink line). Weekly also show a sharp downtrend, with the H&S Pattern head directly touching the 61.8 Fib level What...
Daily Head and Shoulder Down AB Swing/ Retracement from .618 Target 1.618 Strong resistance @ 0.7500 Bearish Engulfing Candle Stick Formation
just a hunch. looking at the Supertrend, MA 13/63 cross, Arron. and the noises coming from there ... and some wishful thinking. no exit strategy yet, just ride it into the sunset
Hey gang! Whats up! Normally I would be wary of retracements on the Daily Chart, which leads to kind of a big move on the 1H chart! But hey, I found a descending triangle continuation pattern coming up! So hopefully this should net you a good short for those trying to get back into the current trend! :) Good luck people! May the pips be with you!
Who would dare buy the USD and sell the yen. I would. Monthly trend is down but price is at a large monthly DZ, not an area to be going short. Price is also at weekly demand then price gave evidence of over-extension with 3 continuation patterns in a row followed by the break of the MoM Trendline, leaving behind, a Demand zone I would dare to buy the USD up to...
POTENTIAL BEARISH BAT PATTERN ON CADCHF Over all trend is a downtrend. I have a potential bat pattern on its way but there's a key level in the way.. Lets see how price reacts around the 76.0 Area..
Prices are below KUMO Chico crossed its KUMO and just broke it + exhaustion on the last candle. Expect downside to at least 1.81300
Maybe for now , EU have correction and will go down you can short term but i remember keep look oppotunity for long at good price 1.13600-1.13200
The GBPUSD has been a in long term down trend. Here we have a descending wedge so probably the prive will want to bounce of the last level of the wedge which retests the resistance. However the structure outlined with blue line has a lot of potential selling power because it was recongnised by the market in the past. Because of the general downtrend bias the...