Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We...
Reasons For -Firstly after bouncing of 1.6000(Our key level) we have been very bearish as you can see -Also we have been putting in Lower Lows and Lower Highs -We have also cleared our key level at 1.55000 and have been putting in bearish movement -Now we are trading below 1.5500 the only smart thing to do is to sell as we can clearly see strength to the...
EURUSD was stopped by a trendline developed since mid December. With prices failing to breach that region, and breaking out of its bearish channel,I expect EURUSD 1.08136 levels.
The Australian Dolar and swiss franc is going short with rsi and Momentum
Hope this helped!!! KEEP THE RADARS UP!!!
Showing divergence and next monthly pivot we sell
Wouldn't this be nice! 125+ pips to upside target...Good Luck!!! KEEP THE RADARS UP!!!
GBP JPY long 200pips TP / 100 pips SL
After Fallinging through the bnottom of major support Gu formed a strong bearish channel which has broken and momentum has shifted as well as divergence. I am looking around the 1.47 area for TP.
Let's see how this plays out! 100+ pips up to Gartley D completion 100+ pips to downside target...Good Luck!!! KEEP THE RADARS UP!!!
After a fail to create higher highs, NZDUSD continues its downtrend to make possible lower lows
After a successful stop at the top of upper trend line, it seems that AUDJPY will continue it's path to go lower.
Looking like we have a long position forming. On the daily time frame we can see a long flag pattern forming. We could potentialy see a bearish movement to a key support level of around 1.0800 but unlikely to break that. Ill be watching carefully around the 1.1000 area where we see the TL to ensure we dont see a bounce. We almost have a 2:1 risk reward on this...
Hey Traders, During today's Weekly Market Watch identified a daily Gartley Pattern formation on the charts. Quite a deep retracement on completion of the BC leg. However a valid Gartley pattern all the same! The pattern is forming in the region of some previous support zone structure. Just Some Food-For-Thought MountianGuide.
A clear wedge formation could be seen forming on EURUSD. As prices fail to make higher highs, prices are currently moving lower. I suspect that the pair will break below 1.0813 support to make lower lows in the near future. However, it also does have opportunity to go higher as well, so be cautious. Please leave a comment and feedback on my ideas and be sure to...