Bearish Butterfly pattern support USDJPY going down. if it stays under resistance lines 109.40/109.18. TP 1 ; 108.75 TP 2 ; 108.40 SL ; 109.66
Hi traders, Is it a head and shoulder pattern? Once it broken down the neckline, we may execute a short trade on oil. Besides that, oil has formed an bearish engulfing on daily timeframe. Thanks and have a good day. **Trade with care**
Hello Folks, Its a good setup so look for it. sell based on your entry strategy. GL.PEACE
I sold GBPAUD. The trendline is really strong and I don't think it'll pass it. On the 4-hour chart, RSI touched the oversold level. (70) I'm also short on other GBP pairs except for GBPCHF but as I said, I might not trade it. We'll see! Trade safely.
AUDCAD formed a double top on the 1.03000 level and price started to drop. Potential checkpoints where the price could bounce back upside to retest are the following black horizontal lines. A possible target where the price might hit and go back up for a retest is that green trendline. The most possible scenario is that the price might go all the way down to...
the pair approaching the D point in Bearish Cypher pattern, i ll put sell limit @ 0.9419/20 and Targets & Stop as on the chart.
Hey Guys, We may have Blue or Red: Blue: More downtrend. Red: One more up and then have an ABC correction to sell. Watch for these moves! - Hola Chicos, Tendremos camino Azul o Rojo: Azul: Continuación de la tendencia. Rojo: Un movimiento más arriba para hacer una corrección ABC y después caer. Estad al tanto! Carlos
Hey Guys, Here's the re-analysis and final prediction on EURAUD. Expecting downtrend after the breakout but still a chance to break uptrend out of the daily structure. Watch for both moves! - Hola Chicos, Aquí está en re-analysis y predicción final en EURAUD. Esperamos tendecia bajista después del breakout pero hay posibilidades de romper alcistas hacia...
USDJPY is giving us great chances to go long, if it breaks and retest structure on lower timeframes. If not, setup is invalid. Don't forget to trade with proper RM/MM and caution. Good luck guys
Hi guys, the price has been progressively making numerous higher highs towards the strong daily support level ranging from 1.0785 - 1.0834 since the beginning of the month (March). Right now, I am planning to go short on this particular currency pair as the price action is indicating that the bulls are starting to lose their momentum.
after hitting the target of the inverted head & shoulder. the pair is on its way to form another head & shoulder with the break of 1.3890. i put sell stop @ 1.3890 targeting 1.3650 and SL @ 1.4045
This scenario is very likely to happen with strong jobs data and the rate hike coming next week.
Chart explains it all, Possible short term buy to the upside but I'm only interested in the shorts! Appears to be either making a flat or triangle as a complex B wave for Impeding impulse C to the downside!. Thanks for looking and have a good week.
This is a short term sell to 0.7510 where I expect a violent rally to 0.7664 after that.