The EMA 20,50,and 200 are al showing bearish move. There is a Bat Bearish formation confirming the Bearish move. MACD & Stochastic showing Bearish move. 1.0600 is a psychological number that traders will respect. my trade will stop just right before. Monthly is a Bearish move and Bearish candle. Good luck.
Here are key points; 1- 20, 50, and 200 EMA are all blow the price and show strong Bullish move. 2- Stochastic shows a strong Overbought and it's confirmed by MACD 3- 52 Weeks High which is a very strong resistant is broken. Considering strong Bullish push, my prediction is that price will come back down and touch 1.47140 or little bit behind and will...
It hit 137.800 and it seems it has created a reversal for continuing Bearish move. Fib on Weekly shows the 50% retracement from Bearish move and confirming the reversal candle formation. Additionally, there is a strong phycological Resistant of 137.800. It is bouncing back from it.
On monthly, it has formed a sort of evening star / reversal i for bearish move. On Daily, it's formed Double Top and poised for Bearish move. I t broke the neck of double top and it's confirming it. However, according to Scholastic, it's oversold. It means that it will come back up, before goes down further. That is when i get into the trade.
This pair is going Bearish since 2007. Lately, it was in correction and now it is continuing its Bearish move and it will pierce through 1.2000. Knowing 1.200 is a very strong phycological Resistance, it will bounce around it for a while. The same applies to 1.18000 Support.
SIMPLICITY IN YOUR ANALYSIS, GIVES CLARITY TO YOUR STRATEGY. The MACD is confirming the Bearish move. it's is going down and past zero line. EMA 100 is above the price line. Stochastic is showing oversold. It means that it will come back up to correct and then go back down to continue Bearish move down to 0.6570 at least. I set my entry on the top with three...
SIMPLICITY IN YOUR ANALYSIS, GIVES CLARITY TO YOUR STRATEGY. This pair is making a nice Head & Shoulders so far. It can be seen on Weekly chart as well. As Swing trader, I will wait until this formation is complete and for sure it's moving down. Just watch it. :)
SIMPLICITY IN YOUR ANALYSIS, GIVES CLARITY TO YOUR STRATEGY. t has been Correcting since September. Now, it broke the correction and continue Bearish. It's been also few weeks since 07/12/23 that price stayed in oversold according to Stochastic indicator. It's really about the time to push back up shortly and continue bearish move and that how I get into the trade.
On Weekly, shows a consolidation / retracement from overall Bearish move. On Daily, you can see that it is consolidating through a triangle or you may want to call it Pennant. Considering, 0.67716 is the 52 Weeks Low line, price may come down to touch and eventually break through. Of course yet to be seen. But at this point, this is one of the trade i may take...
This pair has chance d the direction to Bearish move. Stochastic shows an oversold. It 's about the time to come back up and correct. My entry would be at 0.68200 with Limit Entry as usual. Two stop loss to reduce my loss if it goes against me at 0.68680 followed by 0.69040 before it completely take me out at 0.69400. On the other hand, the profit will be at...
It seems this pair is heading down again and changing the frame work from Bullish to Bearish on Daily chart. On Weekly, it made a double top and it seems it's heading bearish. On Daily chart, it has pierced through 20EMA (Red) and playing with 50 EMA (Green). From Harmonic stand point, it has created a Deep Crab for Bearish move. Just be cautious.
A nice double top is formed in this daily chart. It couldn't punch through 0.6500Resistant. Stochastic is entering in Oversold area. soon will push upward before shortly after push down again. on the other hand, MACD is above Zero line and it's heading down. it has room to go down. Let's watch this pair.