RSI is in the overbought zone while we are finding rejection at top resistance. Given the chart pattern I forecast a sell off to bottom support with pullbacks as mapped in the chart. If the MACD line crosses down on signal this will help give a push further away from resistance. Please comment with thoughts and ideas. Thank you.
The pair found support at this zone setting up for another buy to retest top channel resistance. The setup is almost identical to the last buy opportunity at this level. Look for the same pullback action as mapped on the chart. MACD/Signal are making a push towards the 0 line to increase momentum. RSI has room to breach overbought zone. Please comment with...
Finding rejection at top resistance. Read the chart for TP and retest area for pullbacks and continuation/ pivot. Line space arrows represent potential direction off TP 2 support zone. RSI and MACD are set up for a sell off as well. Stop loss with break of top resistance with continued trend. Please comment with thoughts and ideas. Thank you.
Finding rejection at key resistance with a low volume of buyers following a break out. TP as shown on chart and look for pullbacks also mapped. Please comment with any thoughts and ideas. Thank you.
Looking for a sell opportunity with a top resistance rejection. Using 2 am timeframe trend for the reversal I have mentioned in previous posts 2 am is often a strong pivot point time. If there is a significant break and close out above top resistance the trend may reach for the next resistance to retest. Please comment with any thoughts and ideas. Thank you!
Another buy opportunity with this pair off bottom support channel. Stop loss would be a significant break and close out below support. This would sentiment towards a continued down trend. TP at top resistance as presented on chart. Expect pullbacks. Please comment with any thoughts and ideas. Thank you!
I am looking for a retest of .71000 with this higher low in play. If MACD can cross up signal and through zero line that can be the push to break .70500 to create the higher high followed by a possible pullback for a final push to .71000. Let me know your thoughts and let’s see how this plays out!
We found another support and pivot at 1.32500. Previous pivots at this support retest 1.34000 resistance before continuing to retest 1.34500. I expect a similar play out. Please comment with any thoughts and ideas! Thank you.
We have breached key levels for confirmation of a 1.7500 support retest, seen clearly on the daily. With this momentum the trend to retest is probable. Please comment with thoughts and ideas!
Found clear support on two downtrend retests on the 1 hr. Read chart and comment with any thoughts. Thanks
Seeing strong rejections and pivots at that top resistance line. MACD and signal have crossed and are heading towards zero line to increase downward momentum. Rsi is moving bearish sideways coming out of overbought zone. TP and retest .90400. Please comment with thoughts and ideas. Thank you!
Finding dual support on the daily through a support channel and daily key support level. We can see strong pivots from this support. TP and retest at 1.98000. Please let me know your thoughts and ideas. Thank you!
Finding rejections in a straight channel creating a V like trading pattern. With this momentum I expect a retest of .89900. Please comment with thoughts and ideas. Thank you.
Finding strong support at 125.800 with a bullish engulfing pivot. This will add sentiment towards support holding and rejecting. We may see a pivot to support at market open for a retest which is not unlikely. Close if there is a significant breach and close out below support. Please comment with thoughts and ideas. Thank you!
Finding support and resistance within key sell zone. MACD and RSI are set to drop out of their overbought zones to push bearish momentum. TP at key support mapped on chart. Please comment with thoughts and ideas. Thank you.