ETHUSD update: Bearish momentum continues as price revisits the 260 support level. I have been stopped out of my long, and will now wait until the market can show new signs of stability. At the moment, the next area of support is the 230 zone which is very possible until the momentum changes. I have been writing about the 296, 260 and 230 levels for some time...
Positive rate high for CAD today, lower high was formed during the last couple of days for this pair. Price broke through 50 fibonacci level, now expecting this pair to make a new lower low. First support target @0.8700!
Price pulled back to expected zone & is showing it is struggling breaking more to the upside. Lower high has been formed, Is it time for a lower low? Let me know what you guys think as I am looking into shorting this now! Thanks : ) Trade with care!
Price bounced off 93.00 support level, and is showing it cannot push above this zone. Seems there is a trend reversal taking place, getting ready to make lower lows & lower highs! Moving averages getting ready to cross showing downside & the Pound gaining strength. Will price head back to its daily trend line? I will be looking to enter short again after the...
Head on shoulders pattern came into play, price making new lower lows & lower highs. Breakout of support / uptrend line, & price rejected 61.8 level as well. I expect a possible pullback to broken zone before pushing farther down! Trade with care! :D
Shooting star rejection to pullback zone, still in downtrend channel. Looks as if price will go to its recent low or maybe even weekly trend line. Price still making lower lows & lower highs, Entered short after recent close of 4 hour candle..
Entry after break of counter trend line / support level. Pullback to 61.8 zone complete, now waiting for candlestick reversal...
After several attemps for long, bulls could not resist attacks of bears. Bears put price back again and again and keep in 0,95 area. Eventually the price build tension on the breakout area. SL and TP point as depicted.
Shooting star rejection to 61 8 fibonacci zone, showing sellers have pushed price & more downside is expected. Still in a downtrend !
Price pulled back to fibonacci level as expected & is showing rejection to this level, reversal candle forming waiting for 4 hour candle close Trade with care!
Expecting a pullback to fibonacci zone / down trend line before going short. If price breaks above downtrend line this will indicate long back to its daily broken uptrend line 143.00.. Short target @138.80 Trade with care ! & don't rush into a trade wait for confirmation !! : )
Price broke its support then came back to retest @38.2 making it resistance, I believe this pair will have more downside as price is making lower lows & lower highs. On weekly time frame a pin bar to resistance following by a bearish engulfing located, check it out!! Nice setup here
D1 - Price broke out at the bottom of the daily range. We can look for sells, if this breakout doesn't turn into a false break. H4 - Price has created lower lows. H1 - Bearish divergence has formed wait for a double wave correction and once the break out of the most recent trend line happens, look for sells.
H4 - Price created lower lows - H1 - TL breakout + most recent low to be broken down for the conservative entries. As long as last high is holding we are after sells.
1. Head and shoulder pattern neck line breakout 2. An illustration of Downtrend based on Dow Theory 3. Triangle pattern Breakout POLONIEX:BTCUSDT BITFINEX:BTCUSD KORBIT:BTCKRW
GbpUsd is bearish, and it will remain so for this month. I believe lows will be reached in monthly support zones. In any case, this trade is short term aiming the first TP on previous recent structure. Furthermore, the kangaroo tail has printed before the breakout as the doible top formation was formed. Ask questions & Give...
Price bounced off the gap created on Feb 23rd. instead closed the gap from March 16th. and is now making lower lows. what about that?
MA crossover, currently under Monthly R 1.2185. As long as it stays under monthly resistance bears should take control and break previous low ever recorded at 1.1900! First Tp weekly support and a little above lowest low ever @ 1.1931 It GU breaks the support level then it should drop further more to 1.1675 and make new lows. Interesting pair to be trading and...