we have an overall bearish bias on multiple time frames and currently have a head and shoulders pattern forming. I expect this pairto move lower if we break the trendline on the right shoulder
Weekly chart - Past 5weeks candlestick bar in range after strong bull 7weeks before. - Pin Bar formed after retracement. - Range inside bar with bullish probability. Daily Chart - 2x Rejection at daily/weekly Resistance line. 2 events (21/05/2018 & 15/06/2018). - Clear Sideway Range with 3x bullish pin bar formed. - Reversal bar formed recently at Daily S1...
Weekly chart Past 5weeks candlestick bar in range after strong bull 7weeks before. Pin Bar formed after retracement. Range inside bar with bullish probability. Daily Chart 2x Rejection at daily/weekly Resistance line. 2 events (21/05/2018 & 15/06/2018). Clear Sideway Range with 3x bullish pin bar formed. Reversal bar formed recently at Daily S1...
Price move sideway range from recent bearish trend. Past few candlestick bar on daily chart shows the pair taking a short breath after strong bearish movement. We might see a positive opportunity short bull for this pair towards daily 4hrs/daily resistance line. Hence looking for a affirmative signal to buy this pair.
price is currently accumulating volume in consolidation between a supply and demand zone. I am expecting price to retest the supply zone which is also near the 38.2 FIB level of resistance. We will wait to see how price react at this zone to determine our position. Aggressive entry would be after a daily rejection off this area. Conservative entry would be after...
EURUSD is currently in consolidation while also forming it's "right shoulder" I am expecting price to rise a bit more to the 38.2 FIB level near the supply zone. From where we will see how price react Overall analysis is down trend but we shall see as the market can do whatever it wants.
Here is a simple price action technical analysis on eurjpy short. There are some harmonic confluences on my other chart but here is a cleaner price action chart
EUR/USD Seems moving nearby it's support price @ 1.15294, It's high chances to sell until price @ 1.15088 upon DXY bullish infulence. Also there is a chances for little correction by bullish until nearby resistance price @ 1.15946 afterwords it may bearish until strong support 1.15088
these levels i think will be important to watch in the next week. could be setting up for a great head and shoulders, if not then the trend will be confirmed and it should keep chugging along.
Monthly candle showing bull after previous month wicked short. price should get to 70.00, if it rejects should hit 67.50 if it breaks 70.00 should hit 71.20 Friday burst off the consolidation looking to hit 70.00, still has some area to cover if it wants to test it. I haven't analysed oil much but on the monthly there is a obvious higher low on the 1st-jun...
GJ Pulled back up to the 50 fib level and resistance. Early entry to continue the trend. First target is 143.5 at the double bottom and target 2 is 142.4 to create a new LL at the 1.618 fib extension
with news and data released, price did crash for the day for USD, and with no econ datat for CHF for remaining week i see price continuing its uptrend following this correction
daily inside bar pattern looking for a break of the mother bar low to confirm entry
Price has Pushed back to the $0.55 level where it has found lots of structure this week. After initially hitting the 61`8 fib from the last little impulse leg, price has bounce from this level and broken out of the descending channel. Price has come back now to retest the trend line, If price respects this level I would want to see a nice break of the $0.60...
Based on what price is doing, we see the market moving in a bullish direction with a constant rejection of level 84.000 confirms the bullish movement.
Bearish trendline has been broken and the following day has closed bullish, this confirms bullish movement. Will be entering with caution.. Risk Management will be applied