I identified a Descending Channel. If 2 consecutive red candles close below this "resistance turned support line(yellow)" then price might go down all the way to the blue shaded area.
Conclusion: Possible sell
I identified a Descending Channel. I also identified a previous diagonal support(turning to resistance now).
The yellow trend line is where I was looking to sell but I got to the charts a bit late. However, I think it's still safe to sell after we spot a new red candle close below the upper trend line.
Conclusion: Possible Sell
I identified a Descending Channel on the M30 time frame. It just hit resistance(upper channel trendline) and formed 2 consecutive red candles.
This area is also a previous diagonal support(support turning to resistance). It's also around the daily high.
Conclussion: Possible sell!
I see a Descending Channel on the D1 time frame. On the H4 time frame there was an Ascending Channel but it broke out downwards and now it is a Descending Channel. I saw the market go back to a previous support(diagonal) and form 2 red candles. On the H1 and M30 time frames I saw an M-Formation. On the M15 time frame I also saw that M-Formation and a breakout...