Shivam_93

Shivam_93 Updated 

- Breakout of parallel channel - Confluence: 61.8 fibonacci level rejection on H4 which happens to be my H4 resistance level (1.3210) - EMAs crossover with price action below supporting bearish bias - Bearish sentiment on sterling with uncertainty looming over brexit - Price seems to be heading back towards the 1.3000 psychological level - 60 pips target with 30 pips stop

Shivam_93 Updated 

RSI Bullish Divergence on the H1. Price action consolidating above the major daily support level of around 1.2900 and awaiting a breakout most likely to the upside. Uncertainty can be seen on the candlesticks, dojis and spinning tops with small bodies, suggesting the rejection of this support and a potential bullish move to 1.3000 as the first target. Trade setup...

Shivam_93 Updated 

Hidden bullish divergence on both H1 & H4 Daily major key level providing support 20 EMA on daily acting as a dynamic support

Shivam_93 Updated 

USD/JPY has formed consecutive lower highs indicating a bear market on the H4. On the daily you can see price bouncing off the daily support of 110.07 few weeks ago and retraced to the 61.8% fibonacci level before continuing the bearish momentum. Price has struggled to break the H4 resistance level of around 111.41, forming spinning tops and dojis with long wicks...

Shivam_93 Updated 

GBP/AUD could see a bearish reversal as price seems to have rejected the daily resistance level of 1.8185 and as a result forming a dragonfly doji on the H4. Along with the early hours of today where price failed to break this key area of resistance yet again. There is bearish RSI divergence occurring on the H4 which suggests the strong bullish momentum could be...

Shivam_93 Updated 

EUR/USD could have finished its retracement after a series of bearish momentum. The 61.8 fibonacci level seems to be holding up as price has rejected it on the H4 a couple of times. You can see a doji and spinning top on the H1 which suggests uncertainty around this level and potential reversal to the downside as PA seems to be exhausted around 1.1655. Price has...

Shivam_93 Updated 

- RSI bearish divergence on the H4. - Rejected major resistance level around 1.174 on the H1. - On the daily timeframe, the fibonacci level of 38.2 has been fulfilled at this key level of 1.1740 which if holds up could imply that the retracement has finished or halted for the time being. - Could see price action consolidate within the previous trading range...

Shivam_93

RSI bearish divergence illustrates price exhaustion, bearish reversal. Strong resistance around 1.3000 psychological level . Rejected 50 EMA on the daily timeframe. Consolidation of price since reaching this upper end of the downwards parallel channel. 100 pips target 50 pips stop. 1:2 risk/reward.

Shivam_93 Updated 

- Bullish divergence using RSI, implying momentum to the upside is starting to take control. - Found support at 1.4050 on 3 occasions (triple bottom) showing a possible reversal. - Broke through 50 EMA on the H4, taken out its dynamic resistance level. - Next resistance at 1.4380 and coincides with the 50.0 fibonacci level where price may struggle, whilst heading...

Shivam_93

GBP/AUD is seeing a much anticipated retracement after melting out of a series of consolidation ranges that kept price action in between since mid June. Subsequently this pair has created a new lower low before initiating this correction that is taking place which seems to be coming to a halt as we can see a bearish divergence on the H1. RSI illustrates that price...

Shivam_93

USD/CAD had entered a parallel channel since the end of July and has been keeping within till the breakout 2 days ago to the upside and rejected the resistance level of 1.3125. We can see price action has come down to retest the channel and is struggling to re-enter and has rejected it by forming a doji and a spinning top on the H4, implying uncertainty and a...

Shivam_93

AUD/USD has been in a downtrend since the start of the month when it rejected the major resistance level of 0.7440 and has shown a retracement to the 61.8 fibonacci level and since forming lower highs as shown using the inner trend line. It has respected the 20 moving average on the H1 which has acted as a dynamic resistance and subsequently we see price action...

Shivam_93

USD/JPY short bias: There is either a head and shoulders pattern created there or it could be seen as a triple bottom on the H4, both indicating bearish reversals and the neckline has been retested. We see a bearish flag being formed on Friday and we should see the 109.93 support level broken to the downside towards the 109.2 major support level next week. There’s...