Good day traders, Looking to short Crude. After a failed breakout on the 01-28 candle crude now developed a doji at the resistance line of this downtrend. Looks like CL1! is not strong enough to break the trend line, the bears are in favor. good weekend to you al,
It looks like the trend could not break to the upside after the blue (B)(C) leg, the trend looks to have more strength to the down side. It completed the blue ABCD pattern and did go up after the CD leg. but it could be another AB = CD (black) pattern after the blue one. If the price reaches the C point (structure level), and the RSI is reasonably high,...
Goodmorning traders, I've been looking on NZDUSD for a while now. saw this potentional head and shoulders pattern. Drawed an gartley pattern to it for some more confirmation. If the price come's to that point its a good short oppertunity. lets see how the price gets there and IF it gets there.. Good trading week to you all.
Hey traders, This idea is just my opinion of a good long oppertunity. The price broke out of the support area. this is an support trendline of the daily chart.. I will wait for the price comes above the previous support @ 1.12053. after that i think this is a good long oppertunity! good trading week to all of you! :D