Looking on the Weekly chart price broke through the weekly resistance trend line. The week closed off with bears showing their mighty force. There are lower highs being made on the weekly so it is still on an uptrend but the last bear candle indicates it is in dire need to create another lower high. So lets see how we can use a double edge sword here. Looking at...
On the weekly timeframe we see a nice range. Resistance at 1.14500 very nicely. The last candle finished with a wick down signaling strength in bears. Then looking at the daily chart you see nice LH and LL on a downtrend for more confirmation. Then looking at the 4H chart lets see where we should look to enter on this trend 1.11000 seems like a reasonable...
Looking at the weekly chart AUDUSD made a nice wick right at a major resistance level signaling the bulls are no longer in control and the continuation of the bear trend. Looking at the daily timeframe there was a nice double top formed at resistance 0.76500 Since we are looking to short this week lets see how we can get in on the 4H chart. There is a nice bear...
Facebook for weeks now has been creating higher highs and higher lows in the strong uptrend. Being bullish on this stock we would look to get in with the bulls. Lets look at the daily time frame. Here we see a beautiful head and shoulders formation. Once it hits the neckline Price would reach around $98. Adding confluence there is also a bullish cypher...
Price on the weekly chart looks like it has been lagging. Very hard to determine where price is heading. So lets look at the daily chart. On the daily chart there is a pennant forming within the range. It hit the resistance of the pennant perfectly for a move down. To get in on this trade lets look at the 4H chart. Ahh look at that a beautiful Head & Shoulders...
On the weekly chart as shown price is starting to meet with major resistance. Will price go through it completely? Who knows. But what I do know is that it will continue to move higher. Looking at the daily chart there are HH and HL being created. There was a nice bullish pinbar showing bulls are still in control. So looking to go long lets look at the 4H cart....
Weekly chart hit major support area. But still no sign of any reversal. Bears are still in power especially after Brexit. So to get in on this trade lets look at the 4H chart. LH and LL are being made very nicely. There is higher probability to scope the next LH and create the next LL.
On the weekly chart price is near a major support area. Yet there is no known weakness for any reversal yet. On the daily you can see LL and LH being made. There is still no clear indication of any reversals here. So this week we are still bearish. So lets see where we can go short. Looking at the 4H chart a beautiful bull cypher pattern was made. The LH will...
The weekly is currently ranging. The daily chart shows LH and LL being made, so it is on a nice downtrend. That being said looking for a short trade would be a good idea. Looking at the 4H chart there is a nice bullish cypher formation which is a great opportunity to move the price up in our favor to look for shorts. You can get into the bull cypher without...
On weekly chart you can see there being lower highs made. It is barely making lower lows but its pushing for it. Price hit the trend-line which is also a major support due to history marked in teal color. Looking at the daily it is shown to be a nice down trend making LL and LH. My bias for this week is bearish for the EURAUD. So lets look at the 4H chart to...
Major resistance on the weekly. Daily chart has multiple support. What caught my eye is is giant wick on weekly chart and then a closing of bullish candle. Signs of bull strength. That being said it is best to look for longs this week. I wouldn't be surprised to see a giant bearish wick closed on the weekly chart due to all that resistance. So looking on...