REASONS: -Monthly Timeframe candle is bullish with a wick at the bottom (sellers exhaustion) -Weekly Timeframe candle shows reverse head and shoulder pattern -Daily Timeframe candle shows exhaustion from sellers and buyer (wick at top and bottom of candle) -4HR Timeframe shows sellers exhaustion with doji -Lower timeframes correlating with higher timeframes My...
REASONS: -Monthly Timeframe Candlestick shows Buyer exhaustion with a wick on top of this months candlestick , which is also bearish -Monthly Timeframe Candlestick shows price in a consolidation zone between 1.85000 and 1.764000 -Weekly Timeframe Candlesticks also show buyer exhaustion with the last two weeks of candlesticks being wicks at the top of the...
The Pound vs. Yen is stuck in a descending broadening channel. As we can see, price was rejected by that area of supply (around the 138.900 psychological level) and looks like it wants to head back into that support level of 133.950. If we can get a rejection of that previous support level, it shall form a double bottom and break July 19th's descending trend line...
WERE CURRENTLY sitting at a 61.8 fib LEVEL we can see a reversal to the downside for the market to gain some more momentum to break this level in the future if we see some wicked or consolidation around this current level it may represent market conditions currently rejecting price from passing this level lets see how it plays out im calling a small short into a...
its been a while since i posted but im back ive been studying and watching markets intensively we got rejected earlier this week on a fib level so im thinking markets will come down this level for support and make a rise
My point of view concerning CHF/JPY , for the next week :) .. wait for a good signal
Broken structure to the upside on 4hr timeframe... retest to the 38.2 Fibonacci price reversal zone level... nice sellers exhaustion wicks forming on the 4hr with a nice bullish engulfing candle forming
text book break out... snappy 22% profit to be made with a 1:3.5 reward ratio. Enter if price continues north $3.16
Gapped up. MAs crossing, indicators +ve, bullish candle & respecting support.