Daily candle huge wick indicating buyers exhaustion. 15m Bearish Divergence on renko. Expecting price to fall near 150.635 1H pivot (pivot indicator).
1H Bearish Divergence. 1H Renko Supertrend change/entry. Looking for next supply demand fib level at 35214.
1H Bearish Divergence Forming. 30 min bearish divergence & double top created first leg of 1H double top. If price maintains at resistance possible sell coming next week. Don't think price will move that much today. If price breaks resistance and shows bullish momentum then it will be going for swing highs.
Formed double top on 30 min chart inside 4H Zone. 30 min bearish divergence. Waiting for 5 min to close under marked line on chart for entry.
Weekly MFI is oversold indicating possible bottom out and major trend continuation to upside. 4H bullish divergence. 4H engulfing candle crossing ichimoku cloud. If price breaks channel looking for swing to resistance levels and final swing price goal of around 1.23000. In the past when price moved from this area it took a month give or take to move 500-600 pips...
Daily has a Head & Shoulder formed. Yesterday's Daily Candle had buyers exhaustion indicating sellers coming into play and possible trend continuation to downside. Possible 1H Head & Shoulder could be good swing entry before daily neckline area breakout.
Hit Weekly/Monthly resistance level. Hard time breaking through. Now created Bearish Divergence and hidden bearish divergence on previous drop. Price consolidating and failed to break structure on 4H. Still in down trend currently. Looking for bearish variation for entry or wait for neckline break as confirmation.
Bearish Divergence 1H. Hidden Bearish Divergence 1H. Meaning Bearish Divergence activated pullback. Was expecting buy to go higher. Hidden Bearish Divergence changed bias. Hidden bearish means continuation to downside. Next Support/TP area is at 1775. Expecting push to 1770-1766.
Price in overall uptrend. Created trend continuation pattern on 1H. Bullish divergence as well. Expecting price to break pattern and continue to 1801 area as next resistance level.
Hidden Bullish Divergence on 4H. Expecting price to make new highs. Compound setup. Re entry on next 1H pullback/higher low for trend continuation/ new highs.
Weekly bullish hammer last week. Daily bullish divergence caused uptrend. There was bearish divergence yesterday which caused it to make a pullback. Was expecting it to drop further but being that weekly and daily is bullish. Expecting market structure of higher high/higher low to maintain until it reaches resistance level at 1801 or 1810 area.
Renko chart is used for better price action entry. To the right is 30 min chart showing bearish divergence. Once price closes below 1784.483 expecting price to reach 1766 area.
Don't mind the Renko chart. I use it for better price action entry. Analysis is on the right with line chart. You will see bearish divergence and a trend line waiting to be broke. Expecting price to return near 14500 area. Which is also a strong support area. So if price breaks area look for 14000 area. After drop will be looking for best entry for buy since this...
GBPUSD chart is setup with traditional renko and each box is 10 pips (0.001) in settings. Added the renko reversal alert to be notified when reversal happens. If you are not familiar with traditional renko each box won't close until the right pip amount is moved and the time frame closes with that pip amount. So for 15 min. If price moves 10 pips up and 15 min...
Inverse Head & Shoulder. 4H channel breakout possibly tonight during London. There will be a lot of GBP news released. Expecting price to continue up being that it made a higher high on 1H breaking structure. Also huge 4H bullish engulfing. Daily candle closed engulfing with bullish wick. Should see a breakout to upside. Swing trade setup to 1.41890 area to...
Falling wedge pattern on 1H with bullish divergence. Expecting price to reach resistance zone. Have to wait and see how price reacts at zone after pattern breakout to determine if it's trend continuation to upside.
Key level. News in a few will make price make its decision. Strong bias on uptrend but still keeping an eye out for possible sell. Key entry for 100+ pips either direction.
This is part 2 of first analysis. See related idea link. Part 2 details entry point/candlestick analysis for possible "M Pattern". 30m candle analysis.