It will go down for sure after it breaks the second support line.
After a bearish week previously I am looking for additional trades short after profiting from the initial break of the inside trend line. A little retracement up to 1.2400 area could provide an optimal short opportunity with targets down at 1.2500 with a 2:1 risk reward. if market does not retrace, a strong close below 1.23113 will also provide a decent shorting...
According to Gartley patterns this pair ready for another dive. However, if you take a closer look on both of the RSI's are confirming as well. Check it out , and comment your thoughts. Goodluck!
Continue shorting AUDUSD with sell order a few pips below the previous S2 fib level and slightly past the lower BB (0.7511). Tight SL is set at previous S1 fib level (0.7545) and near the middle BB, and TP down to current S2 fib level (0.7458). Fundamentals as well as higher time-frame charts also support shorting this pair, though caution still for any...
harmonic pattern + short term support break out = great sell opportunity on short term
SPX 500, entering in sell zone,wait for a good signal before jump in.If it pass this area, look for sell at 2178.5
AUDUSD Pending sell H&Pattern in play near the resistance zone. We might just see the pair bounce again north from at 0.7675 and 0.7700. Atm RSI pointing Up but below SM /MA, we could see further downside as bears retake the reigns Price Action determines if/ when we go short, based on this pattern’s development!!!!!!
Thia pair has been inside a channel since 20th october and the price has reached the top line. That may result in a down movement. Furthermore, the MACD and RSI show that there exist a divergence that also may cause a down movement. Main trend is bearish and it may go down. There are many proofs to say the price is going to fall and there is no any proof to say...
Daily chart is forming a bearish Anti Gartley Buy/Sell opportunity Pending sell Option EOD at potential reversal zone D
CADCHF sell setup in 4h frame and target on the chart noting bc should be 200 fibo
Short on the USD/CAD; we see a good consolidation from the weekly trend lines and also support/resistant lines. I believe it's going to end up breaking that bottom last wave of bulls (trend line) and then journey into the green zone.
Demand decrease @ - app $79 psichological resistance (purple dotted line) - trend line resistance (declining red line) - app 1.00 Fibonacci simetry ( horizontal green short line)
just now This is a perfect setup for a good reversal and LK validation journey down with the bears. I have a short/sell on this trade, as we can see in the past it has had that nice consolidation in the D1-W1 charts. Wait for that perfect entry and also validation that it's going to reverse. It also might possibly journey up to that pink area marked in my chart...
the two channels are about to intersect @ 0.8860 where I plan to enter the game with target 0.87 as take profit.