Two head and shoulders formations, A large bearish one that had its neckline broken, a smaller bullish one that also had its neckline broken. Also have bear flag. Thoughts?
CAD/JPY looks like it formed a head and shoulders pattern on hourly time frame. Possible neckline break as well.
We recently broke channel resistance which is a strong bullish sign. Looking for retest of structure to enter.
We can see that CAD/JPY had obvious bearish momentum -We have approached a STRONG structure resistance and tested it multiple times with no break. -RSI is overbought, and as we can see looking left, Overbought RSI has led to further downward movement. Sell NOW at recent structure resistance, stop above. Target at recent support (pink box)
USD/CHF has formed TWO Bear Flags on the Hourly Chart. The first was smaller, and broken downward where it created a second bear flag. IF we see confirmation of the larger Bear Flag, expect further retracement. RSI is NOT OVERSOLD yet, which gives us room for bearish price movement.
GBP/CAD has developed a large Bear Flag on the hourly chart. On macro scale, GBP/CAD is moving sideways, currently with BEARISH MOMENTUM (look at 4H chart) On hourly chart, we see further bearish movement and recent formation of a large Bear Flag We recently broke below the channel of the flag, and price is currently retesting resistance. Short to next...
CAD/JPY is in the PROCESS of forming a textbook Head and Shoulders pattern. -We have seen price action bounce off of structure support multiple times, each time this has happened the RSI is OVERSOLD -The peaks of the Head and Shoulders correlates exactly with overbought RSI indication, and are followed by downward movement to oversold indication -IF we...
USD/CAD is trending in an Upward Channel . We have recently touched the resistance of this channel, so if price action continues this trend, we should see reversal to the channel support . We are also approaching structure resistance , which should provide a strong reversal area as well. -RSI is heavily overbought -Approaching strung Structure Resistance
LONG: -EUR/NZD has bounced off of Structure Support and Broken Downward Trend Channel -Currently in Side Trend -We have seen many bounces off of 1.655 Support -Looking for break of Sideways Trend and movement toward resistance. -Scalp God Indicator, courtesy of @mcbw_ Indicates bottom has been found
As we predicted in previous idea, NZD/USD has bearish momentum . Short Signals: -We recently broke below Structure Support (Green Horizontal Line) -RSI shows obvious Divergence -ADX Crossover indicates Sellers have Gained Power over Buyers
Possible Short trade on AUD/USD -RSI Divergence -ADX Crossover
USD/JPY has broken the channel support and neckline of Head and Shoulders pattern. We should expect further bearish movement
We see that the NZD/USD has completed a Bearish Crab Pattern on the hourly chart. ' RSI Divergence points towards potential reversal Triple Top confirms upper resistance Possible Short trade at .684 resistance level
Just a quick idea, no confirmation yet whatsoever.
Dollar pair is following historic movement as you can highlighted in the boxed regions. HISTORIC MOVEMENT SIMILARITIES We have a small impulse (in black), followed by an ABCDE Pattern where the "A" and "C" form a Double Top And the "B" point is a sharp break below the support of the "A and "C" impulse And the "D" point is a higher low than all...
EURO/USD Has formed a Head and Shoulders Pattern on the Daily Timeframe Bearish Signals: -RSI Divergence -ADX Crossover -Following downward channel seen on weekly chart -Broke 1.128 Structure Support
Bull Flag formation in down trend. Look for further retracement before bullish move. Break out of resistance of bull flag is bullish sign
USD/JPY is Consolidating to a Symmetrical Triangle Pattern on the 15M Chart. Looking for Confirmation Break of Triangle to Confirm Price Movement