Short on the 618 Fib, getting ahead of the Head and Shoulders completion.
Shorting the neckline retest, will add to position at 618 retracement
This is simple. Continuation of the bearish trend. Price is below all 3 MA's , we have broken previous support, and are now retesting these levels. These levels (which line up with our MA's) should provide resistance for this bear trend to continue. Look for price to continue lower until either a close above these dojis/levels or a golden cross.
Broken out of the channel and re-testing now. Major RSI divergence. 10 day MA crossed over 50. Price now trading above 50.
I have entered this Gartley Pattern on the retracement wick highlighted in the blue rectangle. Target profits at the .382/50DMA zone. The Gartley shared confluence with the bottom of a sideways channel
I am posting this position late as I just added to the position. I first got involved on Sunday the 29th of July candle, around the .382 retracement, in the support zone. I added the position today on the doji wick bounce off of the 9DMA. We also bounced (and closed above) the white trend line, which was the monthly resistance trend line, which gave us some...
Active bearish bat pattern with extremely low risk on the double doji wicks.
Low risk high reward short opportunity. I am following the bearish trend downwards because all of my signals are met. I only look for shorting opportunities when we are trading below the Kumo Cloud. We are in a strong downtrend on the 4H chart with successive 382 retracement pullbacks.
We have some serious RSI divergence on the 4H chart. 886 retracement of all time highs swing move is our last chance for a support level. I think this may be the beginning of the end, lets wait for some price action bullish opportunities, perhaps a double bottom here coming up.
Taking a small position short bet out of this consolidation. Sticking to bearish opportunities south of Ichimoku cloud.
Late post, but I am short at the 109.50 level on the Ichimoku signal line pullback. Stops are above the cloud.
Bearish entry on this head and shoulders pattern. I am entered in the trade
Bat Pattern activated on EURUSD 4H chart, near some trend highs. Some RSI divergence as well. I am short.
Potential Bat Pattern on the daily USDJPY chart. Risk Reward > 2.
Watch the neckline closely, a lot of sellers in the area. Low risk & tight stop ahead of FOMC tomorrow. Inside day candle above arrow