A very large bearish engulfing bar has formed on the hourly charts after a failed attempt by bulls to push price higher early in the trading session. This has very bearish implications and near term bias remains bearish.
The case for the bearish rising wedge strengthened today as a bearish hammer has now formed off of the upper channel of the rising wedge. This market has been very strong as of late but the overhead resistance, rising wedge, and now bearish hammer should not be discounted. I think risk is to the downside right now (higher probability) unless price as able to...
Sell Zone trade it is, it depends on how this 1-hour candle close for me to make my call. This is still considered a trend trading for bearish traders hence I'm more aggressive in this trade.
In addition to that, it could pose an opportunity for me to get in a retest of the long at previous Point D completion of the Bullish Gartley.
Exact Entry, Stops and...
-GBPAUD showing signs of reversal after buyers pushed price up into resistance two times but sellers pushed down both times before the 4H candle close.
-This price action resulted in a 4H doji/pinbar setup AT RESISTANCE which is a bearish sign meaning sellers may be stepping in the market.
-There is also RSI divergence on the 1hour chart further...
Ascending triangles tend to be continuation patterns. When an ascending triangle fails that can portend weakness. I have already posted an ascending wedge and overhead resistance that would be downward pressure on the markets. This bullish ascending triangle was the silver lining in that cloud for the bulls but with a failure of that pattern, will it finally be...
Greetings guys. It's time to spread my BTC market vision.
First of all my ideas are based on VSA which stays for Volume Spread Analysis.
I have no doubt that Head and Shoulders will work out and we will reach the price of 5k-5.5k-6k.
But before that we should break through many resistance levels meaning that there are some retracements ahead we can try to earn...
This is a support and resistance trade, if this candle close on a long shadow candle or better known as a pin-bar, I'm going in on an aggressive short as:
1. Is a Trend Trading Opportunity
2. Market got well resisted by trendline
3. Major Resistance as red line
I've a duo target for this trade, exact level share to my subscribers, check it out on our October 2018...
Today we got stopped out of our short on the EURUSD. We got faked out, but the mister market is giving us another change :-)
Date Pair Direction Trade Trend Level Signal Entry
2018-12-04 EURUSD Short With trend Down Dynamic Resistance Fakey retrace