For those following USDCHF there seems to be hope for the downside. Looking at the D1 there seems to be a bearish flag that have been broken and the same level is the .618 fib retracement for the next leg lower. As you can see it closed the day with a pin bar with no nose, which indicate that a lot of sellers are in the market. So look for your entry using your...
Looking at the chart everything is clear. Waitt for the break of the neckline and enter short. You can see we also have an engulfing candle on a level that has recently been tested 3 times.
As you can see, that is a hesd & shoulder that formed on nzdjpy. Neckline broken and retest but the candle closed just within the trendline. Also we can see my EMA100 acting as support. i will wait for a close below my EMA100 to go short. Happy Trading
On friday EURJPY trendline got broken before the close of the week. what will we be looking for? any retest of the trendline will give an opportunity to go short. Remember nothing is %100, wait for a retest and the candle close below the trendline on either H4 or H1 candle.
As we can see there is a double top on the resistance level the neckline have been broken and we wait for a retest and rejection before entry short. you can also notice the two areas i'm monitoring for TP. For further confirmation, we got a rejection candle on the D1 timeframe. Remember this is just an idea
Looks like we may seeing a head and shoulder pattern on the D1 timeframe. but it is not confirmed yet. i have already entered short at H4 rejection canndle.
