Head & Shoulder. Waiting for breakout then SHORT.
Breakout from ascending triangle formed. Possible an uptrend for this pair now. Good risk : reward ratio. Let's BUY.
Breakout from increasing triangle formed. LONG now with good risk : reward ratio. Different TP level.
Decreasing channel formed. Candle tested at fibo 0.5 and if rejected it might continue it's downtrend. Good risk : reward ratio.
There's still a possibly uptrend for this pair. Increasing wedge formed. Hopefully it drops to fibo 61.8 and bounce to continue it's uptrend.
There's still a potentially uptrend. Increasing wedge formed. Waiting candles bounce from fibo 61.8 and hopefully break the wedge and go up.
Reason for LONG : 1. Doji formed above D1 support level. 2. Candles broke the small decreasing channel. 3. Good risk : reward ratio ( 1% risk and 1.5-2.8% reward )
Reason for SHORT : 1. Bearish flag pattern forming. 2. Candle breaks the minor support (at fibo 0.5) and a pull back is formed which is below fibo 0.5. 3. Good risk : reward ratio ( Risk 1% while reward 1.8-4.5%) Suggested entry is once bearish candle formed successfully below fibo 0.618.
Reason for SHORT : 1. Hanging man candle formed below a minor resistance. 2. Good risk : reward ratio (Risk around 1%, reward around 2%) Can SELL once the candle breaks the small increasing channel.