This pattern is a potential confirmation to the previous bearish analysis(see in the related ideas). There is still a good chance that price action will remain within the established daily bullish channel and the ABCD pattern itself is not a definitive signal of further bearish movement. The risk of this ...
Looks like a perfect entrance time to trade this pattern. Ideally price should go down all the way to 0.7150 but I am going to keep it conservative and put the take profit level near the bottom of the daily channel the price has been honouring.
This pair is in a definite downtrend but with such huge moves down corrections are inevitable. The price will bounce up closer to the moving average. We have multiple bullish divergences on multiple indicators confirming this analysis. The projected take profit level is a 61.8% fib level. There is still ...
This pair is displaying some bearish divergences on multiple indicators suggesting a potential head and shoulders formation on the daily chart. Multiple indicators on daily hit the bottom and reversed up so the immediate move will be upwards to form the right shoulder. Take profit is placed right near ...
The price has come back to the former resistance levels and demonstrated some hesitation by producing double spinning tops. Combining that with stochastic and RSI being in the overbought, I say it is a good time to sell it.
We've seen a bounce off the previous resistance level and it looks like the price is going to retrace down to the previous support. The oscillating indicators stay in the overbought area at this point and we have a hint of a bearish divergence on the MACD. All in all, a good probability for a short.
This looks like a solid sell to me. The price has been moving in a definitive tunnel. Its recent strong move up ended at a previously respected resistance level. Recent daily candles indicate indecision and it looks like the price would rather retrace down to the other end of the channel. All of the ...
I am honestly not sure about this one. I can see it going both ways. There are a lot of bearish technical signals like daily bearish MACD divergence, overbought condition on weekly stochastic, MACD and RSI indicators and a serious bearish engulfing candle on weekly. But then again the pair has been ...
This pair invalidated my bearish prediction last week due to fundamentals pushing it up. At this point, I think it can't ignore the technicals and will have to go down a bit before continuing its movement up within a channel. It is overbought on multiple indicators including RSI and Stochastic and there ...
We have a nearly perfect example of a bearish cypher pattern forming on a daily chart here. Take profit level is the safer conservative level of 38.2% retracement that is also a monthly pivot point.
A perfect example of the Eve and Adam reversal pattern here. Expect to make a sure profit selling it to a conservative take profit level near one of the daily fibonacci levels.
We have multiple bullish divergences here indicating further movement up after a short retracement down finishes. The order is put near the weekly 50% fibonacci level and take profit is aimed at a resistance level that has been strictly respected in the past. Although I will be monitoring price action in ...
A bullish cypher pattern has formed on the hourly pound/franc chart indicating a potential move upward. Expecting reaching at least recent hourly highs with possibility of continuing further upward, starting a new swing motion up.
The price just bounced off the level that has been respected for a long time on multiple occasions. We also have a dark cloud pattern formed on a weekly chart further confirming downward movement. Also Friday action ended on a 4H reverse hammer. I think we have ...