On GBPUSD, price is heading towards the major structure zone, that is now acting as a Resistance Zone. After the price formed New Structure Low, we are in confirmed bearish trend on 1H. We see that currently price is in pullback mode, so I'm looking to hop on that bearish trend, at the end of that pullback.
-mid time frame is in downtrend with price action consolidating and wykcoff spring failure test above the 147.7x area with rsi positive divergence -lower time frame is showing a range bound tight action with positive volume pressure ready to test 149.x -higher time is in uptrend- pulling back and in area of support
higher time frame in defined uptrend and found support area after pullback-high probability mid time frame showing formation of ascending triangle- an inverse head and shoulders showing symmetry lower time frame in range bound consolidation- monitoring price action for break of first resistance area of 180.5x to target to 181.2x area
This pair should face heavy resistance between 1.27691-1.27795, with a few key fib levels clustered around this area. This area has been a reliable support/resistance zone in the past. The current rise is simply a pullback from the drop post-rate hike and this pair seems to be trading in a rising wedge structure. I am anticipating a break down of this structure...
Bitcoin is pulling back. Great timing to enter the rally. Question is WHERE exactly? Here are some potential entry points . In no particular order: $1,900: Confirmed support/resistance level (once). $2,200: Mildly confirmed resistance level and 38.2% Fibonacci Retracement level. $1,700: Pinpointed sup/res confirmation and 61.8% Fib level. The strongest...
Hudbay pulled back to a past support/resistance zone, along with the 50dma was which has been acting as dynamic support/resistance, where price was quickly rejected. Day late on this, but I'm going short on the pullback to the next support level, trading with the downwards trend.
higher time frame is showing defined uptrend with an over-extension on breakout pulling back mid time frame is showing markup to distribution to consolidation for the next leg down descending triangle is forming against downtrend line and multiple test of support is showing weakness possible breakdown to breakout level of 55.7x on higher time frame- first level...
-higher time frame showing healthy pullback in defined uptrend finding support at 53.3x area -mid time frame shows range bound action after a quick downtrend/ signs of accumulation are seen in range bound equilibrium -momentum is strengthening upward along with volume pressure -spring candle/pinbar found on mid time frame finding quick support at 53.3x area shows...
price pullback to 61.8 level and complete Butterfly pattern. Good to short
after price break the neckline, now price pullback. looks like it makes a right shoulder.
-long term time frame is showing defined uptrend with stagnant trend strength. Looking at oscillators for clues -intermediate term time frame is showing defined uptrend and strong breakout out of resistance area of 242.2x -int. term time frame showing price action getting extended and breaking minor upward trend line coinciding with rsi bearish divergence and macd...
The market had pulled back the previous broken structure twice and then had a big fall. Now the third pullback is coming. The broken structure locates at 49-49.2 levels which is also a Supply Zone. Meanwhile the 0.618RET works at 49.3. So it is good to sell at 49.0-49.3 levels when when the price pulls back. SL: above 49.4 TP1: 48.2 TP2: 47.7 and further more
higher timeframe is in uptrend with a weakening trend strength which means to resort to the oscillators intermediate timeframe is showing a strong uptrend with a flattening short term moving average- indecision/potential consolidation price action is telling me that there is a resistance at the 341.6x area with the triple pinbars MACD is declining and starting to...
long term trend is in a strong uptrend intermediate time frame is showing long term moving average rising with the medium term flattening looks like a shallow pullback with strong support confluences at the .236 retracement level and volume by price and dynamic support volatility is contracted and congested at said area looking for an advance upward rsi pulling...