I found an interesting opportunity on Bitcoin. I found a broken rising wedge and broken 15H bearish flag (lunching pattern) in the background, which is a sign that buying looks risky. I also found a hidden bearish divergence on the RSI oscillator, which is another sign of weakness. Main target is set at the price of 8.856.
Hello dear traders,
I have found very interesting opportunity on the USD/JPY. I have found that price extended into + 2.1 standard deviations based on 50 average. The upper band successfully held once again and the question is can we repeat the same scenario like the previous successful rejection back on March 13 ? In my opinion YES, and we got a good odds for...
Nice opportunity in EUR/USD. I found Bearish Gartley pattern and very nice Fibonacci sequence.
SL can be placed 1.2390.
Initial profit objectives or levels where you can secure or scale half of your position are set at 1.2339 and 1.2318.
Low of the pattern (1.1285) is also a strong support level where if previous two levels are penetrated, you can watch to...
According to the 4H time -frame I found the bearish bat pattern with good symmetry.
X-A = 0.60%
A-B = 0.88%
AB to CD = 1.618%
XD = 0.93
RSI is in overbought zone.
Take profit levels set at 1.1860 and 1.1810
SL above X
I found a breakout of smaller Pitchfork channel inside the bigger one, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at 112.50 (median line) and at the price of 112.00 (lower diagonal).
I found successful rejection from the Median Pitchfork line and breakout of lower diagonal. My advice is to watch for selling opportunities. I projected 2 warning lines. Watch for downward targets at $8.470 and if the price clean the first Warning line, we might see testing of second around $7.200.
Series of lower lows and lower highs according to 15M time frame. We can see that sellers are in control today and my advice is to watch for potential selling opportunities. USD/JPY may re-visit low at 111.95.
SUpply trendline is acting like resistance and Stochastic is in overbought condition. Stochastic is very good in spoting re-enter zones.
According to the 30M time - frame, I found rising wedge in creation, which is sign that buying looks risky. My advice is to watch for potential breakout for downward confirmation. downward target is set at the price of 112.50.
Interesting combination of extensions. B-C 2.6 then C-D almost 2.1 and major X-C 61.8%. Something is cooking here, it looks like sellers are near. RSI also in overbought zone.
Targets at 1.3125 and 1.3070 >
I found massive hidden bearish divergence on the Stochastic oscillator in the background and broken upward trendline, which is a sign that buying looks risky. Watch for potential selling opportunities and target at 149.15.
RRR in this idea is 1:2