Here we can see multiple opportunities for $EURUSD
As we can see, we got a harmonic pattern seting up, as well we gout some serious resistance.
The price just touched the support and spikes up to touch our target!
As we got double top in EURUSD we can initiate short positions. If first swing high is also taken into account we have triple top in EURUSD and if you note the RSI it showing bearish divergence which makes the double top more valid. Check your risk Reward before entering any trade. Hit Likes if you agree...Thanks for your support ! Happy Trading !
From what I am expecting is that the GBP/USD will consolidate in this 1.40-1.435 zone (unless there are some new fundamentals, and with Brexit 2 weeks away I will not be surprised. This is the zone I am looking to trade the GBP/USD in, until it breaks out either way. Anyway, expect lots of volatility next two weeks. This week is also a big one, so anything is...
Base on Fibonacci and wave theory, XAU USD reached a critical height of 61,8% retracement. It as also reached the line the past major summit trend line and the past major bottom trend line. Furthermore, it as reaches a critical past resistance ( The bigger blue line ). Due to these multiple factors together, I believe XAU USD should go short. Please like and...
Watch for bearish price action - the upward momentum is really strong though so be careful.
10% oscillation from resistance (dotted blue line) to support (other dotted line)
If bears can hold the market below the main inflection zone highlighted in red, the expectation is a test of the 1.1080 support area. This sets up a bearish opportunity with around a 3:1 reward to risk potential. Stops should go behind the 1.1240 swing high invalidation point.
Following on from my cypher idea on the 60 min chart, we have come back up into previous levels of resistance If this candle closes in the highlighted area I feel we will see movement downwards as we are in the oversold area of the RSI
If the price breaksout of the bullish channel with an area of consolidation or a pullback to the previous SR zones for a last kiss we can expect a sell. If not, the price could continue to make higher highers and get rejected at the trendline. Divergence can be seen on the MACD 4C confirming the halting trend.
We have a bearish opportunity on selling at previous resistance,there is also a bat formation wich means a high probability that the price is going to go down at that level. Hope you enjoy :)
HOPING TODAY USD/CAD WILL ATLEAST REACH 23.60% 1.2980 SEEMS LIKE ITS ON ITS SECOND ELLIOT WAVE UP?
Market is trading below a significant resistant since sept 2015 plus there is several possible patterns. In the red is a good area to go short. This market prediction is just my opinions. If you agree hit like button, or you can share your view.
I will be looking for a movement below the green support on Monday before placing a trade. Overall this pair is trending down and it has pulled back to resistance. I believe this is a good time to short with the proper signals. I will be paying close attention to RSI and MACD. I have 3 TPs shown. The green line is long term support on the weekly. Looking like a...
Technical : BEOB ON RESISTANCE ZONE, ENTRY ON BREAK OF DAILY CANDLE Pair: USDCAD Timeframe : D1 Trade : SHORT Entry now : 1.32144 Take profit 1 : 1.28376 Take profit 2 : OPEN Take profit 3 : OPEN Stop loss : At own risk
The Bat pattern appears on FX:USDCHF , which will finish its D leg soon. This gives a signal to go short. Moreover, there is a resistance level at 1.0008. Price respected that level few times and it is more likely it will do it again. T1 - 38.2% T2 -...