I still think this pair is bullish. I believe this to be an inverted H&S, and the neckline has been broken. An equal move up from the head to the neck line takes us to the redline. There may be some resistance on the way, but the risk is worth is. Yesterday price drop gave a retest of the neckline confirming support
This pair is looking to make a move up. The RSI on the 4hr chart is oversold. Just waiting for price to break into the green area and will go long Happy trading
If price breaks and closes above the green line, then Price will go higher based on my analysis Safe Trading
Missed this one but there is still room to catch the move at least 30pts
If the price breaks and closes below the green line, then I would expect to go short First Target would be around the 1.4120 level & the final target would be around 1.4050 Remember stay nimble and chip away
The pair is moving down and price has broken structure. Sorry for lack of explanation - lack of time, but hopefully should make sense
Trend is down as a lower low has been made. Let price pullback to previous support long term trendilne is coming in to create a nice entry. My long term outlook is that price should fall to the area around the blue line. Don't forget to like and comment. I would appreciate any thoughts on this good or bad - thanks
RSI over sold, Price hitting the bottom of a channel. Room to move up
Channel Trade - Price looking to move upwards once it has breakout of the bull flag. Indices are looking to move up
Beautiful Advanced pattern in the making If had money to trade I would go long now at 9617 with stops below last move. the ABCD move will complete to reach the top end of the channel, coming in confluence with the 786 level of the XA move. To top it off you have the long term trendline forming a ceiling around point D. Potentially creating a good sell...
Another setup has been spotted and I am waiting for a break upwards 40pts in the making. Will update if anything happens
This is a new crazy method im trying - so people, this is just a trading journal in one respect. Entry and target has been defined. easy 10pts
Simple trade based on structure. My analysis shows the trend is bullish on the longer time frames and since price has made a pullback to the 786/618 level of the last impulse, I think it would be wise to go long here. around 161.87 Also the RSI is indicated oversold. Remember might not work, so trade your own plan, i'm sharing to teach myself. If this helps...
As you will see the price has been testing a critical support level. Price is try to push higher but keeps getting pushed down. I also see an inverted H&S whereby the neckline has been broken and retested. A high chance the price will go up.
Price has been falling but is trying to climb back up. If price breaks the bullish flag or pennant which can be seen on the 1hr chart then there is a good chance price can reach point D. This also coincides with the Fib levels of the impulse leg coming down. You also have the long trendline coming in that area. Could be a nice shorting area. Wait for setups to...
This helps support the long term weekly pattern
I know who trades weekly charts ???, but this was very interesting. The support line has held and is a major support level. I also see a potential for a CD leg of the beautiful Cypher. Point D if prices reaches there is also the upper level of the range . Would be an ideal entry to go short Would love comments & likes