Ometrading

Ometrading

Price has broken bearish 4H trend and now is testing this support structure. Definitely, if price stops in this support area, we probably will have some pontential bullish movement till top of the Daily trend. Then we must wait for a develop of price to make any decision.

Ometrading

First of all, the breakout of "mini" bearish trend can be the prelude of a bullish scenario. RSI has broken resistance level, wich indicates some potential bullish movement in the next day. If the next resistance level doesn't be strong, we can watch this pair prowling 83.50-83.80.

Ometrading

CORN price has broken bullish trend. Pullback has finished and breakout is confirmed. We can expecet some bearish movement till 3,5 level. If its broken, bearish movent can be projected till second support structure 3,3 aprox.

Ometrading

Price has broken hourly bullish trend and tested it. We can expect some bullish movement till the top of 4H bearish trend. Then we have two ways.

Ometrading

Potential double-bottom pattern. If price stops at the minimum of today we will have some potential bullish movement till the first resistance. Then, if this resistance is broken , the double-bottom pattern will be confirmed and bullish movement will appear till the 4h resistance.

Ometrading

Price has rejected bearish trend line and broken bullish hourly trend. We can expect bearish movement till the next support level (0,995). Then, if prices breaks that support level, we can extend that bearish movment till next minimum.

Ometrading

Price hitted daily support level. We can expect some rebound in this pair till bearish hourly trend. Then, if price breaks it, we can project it till 61,8 of fibonacci retracement.

Ometrading

SHS pattern probably is being formed. Price has rejected left shoulder resistance( coincide with 61,8 fibonacci retracement).Waiting for a break of that mini bullish trend to confirm bearish till support. Then, if price breaks, we could project bearish movement till 1,37 aprox.

Ometrading

Reject of bearish trend. Waiting for a break of mini bullish trend to go short.

Ometrading

Price has rejected 61,8 fibonacci retracement. Now is testing 1 hour bullish trend. Waiting for a break to go short

Ometrading

Price has rejected moving average. In 1 hour frame, price has broken bullish trend. Waiting for a breakout of support marked to go short.

Ometrading

Pair has broken that 1 hour bullish trend. We can establish two potencial targets. First of them, at 110,8 level aprox. Then, if a breaks of that level appears, bearish movement can be projected till 110.00 level.

Ometrading

Price has broken a bullish channel what indicates a good oportunity to go short. Now price is overselled, we must expect some correction(pullback) . Then, we will have one support level to put one of our targets. If price brokes that level, we can expect another bearish movement.

Ometrading Updated 

Pair is showing some indecision to follow that new 1 hour impulse. Maybe we will have some correction to the bottom of channel(83,10 aprox). Then, if price don't break that channel, probably a new impulse till top of channel will appear. Then, a 61,8 fibonacci retracement would be completed, and a new possible bearish scenario will emerge.

Ometrading

Trying again some harmonic patterns. Let see how it develops.

Ometrading

Breakout of the hourly bullish trend. Now waiting for some pullback to confirm bearish movement till frst support. Then, if breaks, we can project bearish movement till second support.

Ometrading

Price has broken that bearish 1H trend. Now is testing the estructure of that level. Probably we will see some rebound to the resistance level. If its broke, double-bottom pattern will appear and some new bullish movement will be originated.

Ometrading

Price has rejected MA200. We will se a new bearish movement...?