Head and Shoulders retesting neckline on the 1H chart. Should see this retracement continue after a immense green move.
We have hit a milestone, as we are now in the 25th candle (monthly chart) of the bear trend - matching the previous bear trend. As we all know, markets work in cycles, and 2020 sure seems like a great bet for the next bull-run to begin. Both fundamentally and technically, everything is poised to begin now. January closed as a great bullish engulfing candle, on...
Long at the triple touches of bottom channel line. Also back to back great bullish hammer dojis on the daily chart.
In at 786 Retracement of D Leg after engulfing confirmation
Long since 142.50 up +60 pips but txtbook head and shoulders formation with a retest of the neckline. Bonus, the right shoulder was also a double bottom. Very bullish on the daily as well coming off a giant bullish engulfing candle.
Short at the 382 Fib pullback and inverse hammer doji candle break We recently got a large red candle close below the lower Bollinger Band and a cross under the zero line on the MACD.
We are right at support on the monthly trendline for the upwards channel. It looks like we have bottomed out and can only go upwards from here, for this reason I expect the next bullrun to start in 2020, anywhere from January to May. The bear cycle has lasted 2 years now and the fractals are lined up. Also, the Bollinger Bands have not been this contracted since...
Shorting based off of structure and candlestick analysis. RR ratio is great. We are on top of the downwards channel , as well as laying on horizontal structure. a great position to capture >100 pips. Target is the 1.27 Fib extension of the last leg, and then bottom of the down channel.
Continuing the short bias from the previous double top/bearish bat combo, we've just come back into neckline supply zone and formed a bearish cypher pattern. We are short again here.
We are short on the retest of the head and shoulders neckline supply zone on the fib 618 retracement. Straightforward setup with great R:R.
Going long off a support level and a pretty perfect reversal doji. We have some RSI divergence as well, with great risk reward.
Waiting for D point completion for the long opportunity
Long at the 786 retracement , daily doji candle and bullish engulfing candle following. IF you switch to the 4H candle we are forming a bull flag, which is another long indicator, as well as a potential inverse head and shoulders (will add to position if this completes) First Target is 145
We have a textbook bullish flag setup on the GBPJPY daily chart. You can see the double bottom formation , that we've broken out of , retested the neckline and continued the bullish trend. Looking to see this flag break to the upside and continue the bullish favor. We also have a Bollinger Band squeeze , as noted by the contracting narrow bands.