Set up: A confirmed 4 hour downtrend, price broke the very strong support at the 82.67 level and now heading to retest it as the new resistance. This level coincides with the Fib 61.8% retracement level which I predict will be the zone of which this retracement will end and price will continue the downtrend to the 81.00 level at which I've set up my TP. SL is...
AUDUSD Sell set up -
AU has been on a downtrend since Feb 2018. The market is now approaching the resistance line.
Looking for rejection of the resistance trend line and to make its move down resulting in a 220 pip trade.
On 4hr AU has found resistance at 0.070470. From that market is created a triple top.
Daily resistance trend line is just 6...
The ascending channel got rid of the lower limit
Now it is very important NOT to fall from this channel, because there will be a bid.
I expect the following movement (drawn by the blue line)
My script will be canceled if we break through the middle of the channel and go higher ...
The EURAUD pair formed a nice Head and Shoulders pattern and completed a pullback to the broken neckline.
Today's strong bearish candle has reached the lowest level since May 07 and suggests lower prices.
The H&S pattern projects a profit target around the 1.5700 level, which aligns with the lower zone of a recent sideways range.
Hi All ,
We looking a H&S that has lasted far too long & history taking time to repeat itself , however on this pair we should start seeing dollar weakness in the coming weeks & this pair would benefit from my Swing hall of fame . So the point of entry marked and SL and targets , TP1 is just at previous support . Move SL to entry when price move on our direction...
The cryptocurrency is declining and has formed a broad bearish channel with successive lower highs and lower lows. Thus, Bitcoin will be driven to the demand level which is around 8000.00 unless bouncing up at 11000.00.
Possible Targets: @8000.00 (-1500 points).
Advice: Stay bearish and short every high points while we don't break 11000.00 upside.
So on yesterday's post we covered the Daily chart and this just serves as a little update.
We have bounced as anticipated (see yesterday's idea) and we are headed towards the top of the A leg. However, there is always the probability that we won't head all the way up to that point and we could just start dropping from the new structure level highlighted just...
The energy security is subjected to a bearish pressure following an upward trend line and living a lot of room for significant movements. While approaching the demand level, an exhaustion can be noticed broaden by the decreasing daily traded volume. Nonetheless, odds of a breakout and bearish continuation remain medium/high.
Possible Targets: 52.000 (-4...
Well, we are on the earning day and i'm not sure if will be able to go down or not, specially that we made a bearish divergence on the 4 hours frame .. I'm not trading this but i'll see if we can go down to 134 before this week closing
As we can see the price has touched the trendline and showed a good price action and we can short this pair right now add to that we have an overbought in the stochastic indicator and that gives us more confirmation of the continuation of the down trend you can set stop loss in 0.9194 and target is in 0.9056