RSI massivly OverB. price stuck at previouse ressistance then tryng to go more up to stronger ressistance watch for bears candles as confirmation of ressistance Signal >>> SELL
Major MA 150 support coming to life again... middle down trend is broken (20 broken,50 broken) 2 optioins to go long here.... retest of smaller ressistance/support or retest 150 MA ressistance as new support...
RSI is in oversold condition we can see some up trend forming but before we brake trou first ressistance its just stand-by mode.... 150 MA from support becames ressistance,and now price is too far away from it which is good for buyers ....this line works as magnet most of times so should expect price and Moving averige line to get closer,and 50MA blue line should...
STILL risky trade... main "ressistance" MA still not violated previouse structure ressistance not violated.... RSI Should slow down a bit righ now wait for break throu ressistance and test it as support then only then look for go long.... (price could continue to fall)
can we hit 0.618 fib in next two months anyways 0.3 fib support is nice target for next weeks .... (do not attach this to hour/min timeframes)
some good oportunities here all MA lines are bellow giving nice support and and reversal trend indication... we are at most important ressistance now,so wait for breakout (and retest) to go long!!!
Break of channel to 0.5 support still risky like buy option at the moment.... be patient on ur setups....
we hit D.triangle ressistance... RSI Overbought and we can see that price around 0.7 fib lvl was respected in past couple of times Dont need to focus on break at this moment sell option would be more realistic
As i said in my previous USDJPY idea-We should see Head and Shoulders pattern before we go short... thats exactly what happend... RSI is over sold now , it should come into refresh mode at least to test ressistance(previous support) after that we should see bear force continuation
-Gartley finished -RSI ovesold -price went too far from 50 MA expect pull somwhere at 0.5/0.6 fib lvl BUY for at least 30 pips if u not sure in this then wait at 0.0 fib previous strong support for going long
Waiting for short oportunity,sell or buyng at the moment would not be high quality trade..... righ now RSI is almost oversold condition so expect possible H & S pattern before breakdown.... if it met my entry rule i will enter short at break-conformation ressistance at 0.5fib lvl
we should see some releif at this ressistance before we hit DOWN TREND RESSISTANCE ( daily chart picture update) its prety nice level for setup for either buyers or sellers
we can see on W-chart that ressistance was respected for almost 4 years now.... it could be finally nice position on lower time frames to prepare setups for sell.
45 MIN CHART reverse idea but still not valid we can continue down trend lets test this lvl 3rd time
WE saw X-times after break of trend it comes Consolidation followed by C. or B. or etc Pattern... We have 1cypher already in play so after complition,consolidation is on point so there is your BUY enrty SELL option is at Consolidation ressistance ofc... (this is strategy ONLY if price go low and break trend)
As i said,bulls come to play :) lets see if we can hit profit 4th time in a row :D
Pattern done and as expected price went whole the way down to previous structures (didnt take that first trade,but i plan to pick this new long entry.....) RSI from oversold coming refreshed to top maybe.... we have about 0.6 fib lvl to go for or wait for bounce down from that ressistance.... THIS IS ONLY TECHNICAL (IM NOT FOLLOWING GOLD)