D1 - Price is bouncing lower from a key resistance zone. Bearish divergence. Most recent uptrend line breakout. H1 - Bearish trend pattern. Currently it looks like a correction is happening. Until the two strong resistance zones hold my short term view remains bearish here.
H4 - Price respected a key resistance zone and bounced lower. Bearish divergence. Lower lows. H1 - Bearish trend pattern. Currently it looks like a correction is happening. Until the two strong resistance zones hold my short term view remains bearish here.
I have a murderous intent on the GBPAUD, it is not because of revenge trade, heck, I don't even have any recent losing trades, and I've been trading for some time so I don't do that, but that is because I spotted something that many traders have missed out. RSI Divergence on both the Daily Chart and 1-hourly chart. To top it up, on the Weekly Chart, the GBPAUD is...
H4 - Strong bearish move. Lower lows. Currently it looks like a correction is happening. Until the two key resistance zones hold my short term view remains bearish here.
H4 - Price respected a key resistance zone and bounced lower. Bearish divergence. Lower lows. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two key resistance zones hold my short term view remains bearish here.
#BTC - Double Bottom Bounce Met With Key Resistance Bounced off the $16k support well - not hugely surprising and showing a pretty nicely double bottom here. We are currently challenging the consolidation level so it will be tough to break. We do have a bullish weekly pivot up to $18.2k which is a little bit exciting although $17k is going to be a beast of a...
H4 - Price is bouncing lower from a key resistance zone. Bearish divergence. H1 - Bearish convergence. Currently it looks like a correction is happening. Until the key resistance zone holds my short term view remains bearish here.
D1 - Lower lows. Bearish hidden divergence. H4 - Bearish divergence. Until the key resistance zone holds my short term view remains bearish here. A valid breakout below the most recent uptrend line would be the validation for this bearish view.
Isn't it amazing that the EURUSD still respect the Bearish Channel setup? Respect means that the market touch the furthest end of the channel and reversed. This show that the EURUSD is still bearish and it move in order, something to take note. On the longer term persepctive, I will be looking for shorting opportunity.
Key Resistance Level saw within the sell zone/ supply zone on the GBPJPY. As long as the market didn't break and close above the red box; 163.71 is the level I'm looking to continue to short the GBPJPY.
H4 - Price is blocked by a key resistance zone. Bearish divergence. Lower lows. H1 - Bearish trend pattern. Until the key resistance zone holds, my plan here is to sell pullbacks in the short term.
H4 - Price is bouncing lower from a key resistance zone. Bearish convergence. H1 - Bearish trend pattern. Until the key resistance zone holds I expect the price to move lower further in the short term after pullbacks.
GBPUSD's key resistance on the daily chart is at 1.1759, which coincides with the 4-hourly chart bearish shark trend trading setup. This give me opportunity to expand my profit taking level. Something for you to consider.
H4 - Price is bouncing lower from a key resistance zone. Bearish convergence. H1 - Bearish trend pattern. Until the key resistance zone holds I expect the price to move lower further after pullbacks in the short term.
FX:GBPJPY GBPJPY broke key level of resistance. Anticipating a retest of key resistance turned key support to go bullish on GBPJPY.
H4 - Price respected a key resistance zone and is bouncing lower. Bearish convergence. Currently it looks like a pullback is happening. Until the key resistance zone holds my short term view remains bearish here.
H4 - Price respected a key resistance zone and is bouncing lower. Bearish hidden divergence followed by continuing divergence. Most recent uptrend line breakout H1 - Bearish convergence Currently it looks like a correction is happening. Until the key resistance zone holds my short term view remains bearish here.
H4 - Price respected a key resistance zone and bounced lower. Bearish divergence. Expecting short term bearish moves to happen here. H1 - Bearish convergence. Currently it looks like a pullback is happening. Until the key resistance zone holds I expect the price to move lower further after pullbacks.