H4 - Bearish convergence. No opposite signs. H1 - Bearish trend pattern. Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
AUDUSD presented a shooting star at a key area of confluence on Wednesday. Price failed to break this confirmed evening star. Thus creating a volatile indecision bearish engulfing at the high. I will short upon a retest of the high or the presentation of a reversal candlestick on the back of the trendline if broken. Price is still pushing for its highest point....
Hello guys 👋 XAUUSD on the 1D timeframe on forex.com has reached its lower low on the bullish trendline. Also touched it support area. Very potentially XAUUSD will return to the top to reach its lower high.
I decided to publish a video about the recent trades taken and the aftermath. I believe that I see structure clearly, however my bias changes depending on the timeframe. I'll be ultimately bearish on Sunday and Monday, then decide I want to be bullish Monday night to trade up to the sell. I understand that counter trend trading is dangerous to the risk: reward...
Bitcoin is seeking its Lower High on the intraday 4H chart after confirmed the break of a neckline from a Head and shoulders patters. Price is currently respecting structure. The Daily shooting star at the back of a retested trendline suggests that there is sell strength near the neckline of this patters. I will be monitoring the 1H for a the re-test however the...
Gold is still completing a Double Top from a daily perspective. The Daily is forming a lower low. The 4H timeframe is also creating lower lows and lower highs which tells me that intraday is a sell as well. I believe the momentum is bearish and now is the time to capitalize on shorting opportunities such as this one. The 1h created a clear very strong lower low...
I enjoy taking a miniature move within a larger scaled move. What we have on AUDSD is a 4h swing low to create a lower low. then a retest up to 38.8% then a rather quick continuation with the bearish trend. I'm looking to short on a 30minute setup. Simple lower lows and lower highs will support my decision to trade this pair.
Could BTC maybe repeat is past moves from januari 23 and march 11 ? It seems like making a pullback back to the 24.000 zone ,what it also did on 16 februari ! What do you think ? Could we see BTC go make a 55% bull run in e few days ,to the 38.000-40.000 zone ?
Ladies and gentlemen, we have a clear as day Bearish reversal signal in front of our very eyes. Bitcoin has confirmed a double top pattern for the right shoulder of a massive head and shoulders. I'm looking forward to shorting the re-test pf a pivotal neckline. I'm projecting a decline of at least 3,000 pips over the course of the entire move. Price is looking to...
Here, the divergence caused the trend reversal. Now, we look at the LHs and LLs.
A+ setup with GU Strong support zone between 1.21497-1.21448 ... monitor P.A If 30m candle is an engulf will have to exit and manage loss accordingly... Play wise, price created a low and RT, found EMA R and bearish pinbar by London open indicating downside momentum ! Larger than average RR - 6.8
GBP/USD seems bearish as it follows a lower high and lower low pattern.
The pair continues its bearish rally on hourly timeframe with breaking of yet another lower low, and seems to be on it's way to form a double top pattern
Capitulation, VIX > 40+, the Big Dump of '23 maybe coming, and soon. .382 Fibo at 3908, NB: R/S line right there, 200 pips under last top. Unless JPowell indicates "No Time for Puts" on 1 Feb, expect a big disappointment. Bear will end when last bull throws in. No reason to think JP will suddenly pivot policy. He told us twice now the Fed wont ease up until...
The chart above shows a 12hr outlook of Silver (XAG). The light blue trend line shows the macro lower highs that are being printed and this line has been respected several times. The current price action is now in an area revisiting this downtrend. This does not mean a reversal is imminent but gives us an indication that this is where a reversal would occur if...
We have seen a rejection from premium of the marked range. I think Nasdaq has run out of steam and we will see lower lows. So my bias is short. A tap into the highlighted '' fair value gap'' would be good. I'm staying out of the market as end of the year tends to get messy and volume will be lacking. GOOD LUCK!
There are TWO W FORMATIONS 1. Price makes Low. Retraces- Then makes Lower Low to take out last of Liquidity then goes Long. This gives the Sniper 3 Entries: #DBPPlay #Switch or wait for the #BreakAndRetest 🥶💰 2. Price establishes LOW comes off the low make a higher low than goes LONG. Look for W SET UP. Another confluence is: If GBPUSD isn’t buying at the...
great sector, great business model with good fundametals. listed with 40% premium in its IPO lisiting. great to buy. since it has broken the trend of lower higher and lower lows. volume is also pretty high. a small cap company, which could prove a multibagger in future.