Mac D may be losing momentum on this timeframe. On the recent trend, price came down and may be creating a support level before the recent highs are tested. Bear volume has been declining. Let's see what happens. Looking for rice to test the 200 HMA at some point once more bulls come into the market on this timeframe.
Price may test the previous low at some point. Previous candle was a doji with above average bearish volume at or nearby a resistance level. Current candle opened lower. Let's see what happens! If price action holds, we may be in store for a nice downside move until price action tells us different. Be patient.
Looking for price to test the support level. At this current resistance level, we have two bearish candles with the second candle opening lower than the previous one. Our MacD is on the top side and it looks like bull volume isn't as strong as it once was. I will exit once I see price action going against me. What do you think?
Give it some time. I know my analysis are simple but it's like that to not confuse you with fancy tools and stuff. Previous candle still had bull volume kicking in at a resistance point. Price usually rejects this price level looking left and may be ready to retest the previous low. We never know when but the signs are there. Mac D is also losing momentum again...
Looking for a retracement of 38% or greater towards the previous low on the 1 hour timeframe. Mac D losing momentum and RSI is coming down from overbought. Previous two candles opened lower while price has been increasing with declining volume. Let's see what happens!
Looks like price may be exhausting and may setting a resistance level here at some point before testing the previous lows. I would love to see 38% retracement or greater on the 1 hour. The 1 hour and monthly seem to match regarding the mac d. Price has been gaining strength recently with volume declining on the 1 hour. Let's see how this plays out. On the...
Looks like we may be at a resistance level on the 1 hour and monthly timeframe. Price may be exhausting on the 1 hour while the mac d seems like its losing its momentum on the top side. Would love to see the 200 HMA tested here at some point. Looking for 38% or more retracement of the previous low on the 1 hour timeframe. Price has been gaining strength while...
Looks like the previous high was broken on the 1 hour timeframe. The Mac D has crossed over to the top side. RSI is also overbought. AUD strength may e exhausting at this level and may be close to time for a retracement. Would like to see a retracement of 38% or greater towards the previous low which was the last time the mac d was on the bottom side. Price has...
No need to get too technical. Just see some bearish candles coming in at a resistance level. Price is right at the 200 HMA and I would like to see if price can retest the previous low. Anywhere from 38% or greater. Getting too technical can confuse you or make it seem harder than it really is. I'm going to watch this trade on the 4 hour as time is my friend.
1. Mac D may be losing momentum. 2. RSI K and D crossing down near the overbought start of the progression down. 3. Double Long Legged Doji (previous candle) with next candle opening up lower on high bear volume near or at a high. 4. 38% to 61% profit. 5. Stop loss at nearest high for risk management. What do you think?
Wait for the Price correction of EURNZD, SELL after the conformation at the Sell zone. Trade safely my Friends and let me know views in the Comments.
Looks like the current upwards movement in price is starting to simmer down a bit. Volume seems to be lowering as prices rise. DXY also looks like its close to being ready for the retracement of the previous high. I would like to see price start to pause a bit even if it continues to go up. Targets are set for 38% to 61% of the previous high or low. ETHUSD RSI: K...
RSI: Overbought K and D crossing down MacD: Top side Candle Analysis: Potential sign of weakness where the arrow is at. Bearish candle with wick at top. Above average bull volume. Price could push a bit higher. However, buying pressure could be exhausting a bit. Target: Looking for 38% to 61% retracement of the previous low where the mac d last had its...
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Scenario 1: ABC Zig Zag that doesn't turn into bearish impulse. The two previous candles seem as if the bulls tried to push up a bit on average volume. RSI is oversold. Could it make a lower high this week after the massive Friday sell off? This could be the start of an impulse wave to the upside with a minor pullback to what would be a 2 wave. My only doubt here...
Last week (previous candle), we have located a potential market anomaly. A shooting star candle with above average buy volume. I feel like bulls that missed out or still attempting to squeeze juice from the July 11th rally may get some tough days ahead. Price could continue to rise a small bit. However, we are waiting on distribution which should take us to the...
Wanted to mark this up on a weekly timeframe. We have been on a downtrend since January 2022. Could this be an impulsive Elliot wave happening to the downside? Considering the recent bear market rally. Who's to say it isnt? The RSI is overbought with the macd still on the bottom side. I would like to see where price is at once the RSI reaches oversold territory....
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