Looking to enter short trades upon price bouncing off from resistance. Volume is starting to weaken as price moves up indicating market exhaustion. Another way of trading this pair is to wait for price to break below the potential Double Top Neckline.
Volume indicates weakness in bullish trend. Enter upon 38.2% retracement.
Bullish Pennant after Bullish Impulsive Move. Notice that volume is declining as Price consolidates into the pennant. We also have Divergence as RSI does not conform to Price Action making lower lows. For profit taking targets, we set it at a 1:1 ratio of the flag pole measure from breakout of the pennant. We enter long orders upon breakout of the pennant...
Seems like bulls can't break through this resistance level and has made multiple tops as a result. The bullish momentum from which this came from has been made too intensely and the bulls seem exhausted (or some may already be taking profits at this level) as shown by the decreasing volume. Several reversal candle signals are visible such as the Bearish...
Before anything else, I would like to make it clear that I would first like to see a pattern completion/confirmation of either the Double Top or the Head & Shoulders before entering short trades. At the moment, price has reached former resistance area and this can be treated either as the 2nd top or the Right Shoulder. Minimum targets of each, wherever you like...
Price is in a downward trend and has recently completed a Double Top Pattern. It has also broken through 200 SMA. We enter trades upon break below the neckline and set our profit target at the D point of the Cypher Pattern. Take note that price is currently near oversold levels so price may rally a bit before breaking below. IF, and a BIG IF at that, price...
Price has currently breached monthly support but is failing to show bullish momentum. Bearish Flag forming. Bullish Bat Pattern may indicate where price will fall it falls below monthly resistance again.
Alt Bearish Bat Pattern Complete Price was previously rejected at this level twice.
Bearish Flag and Divergence are currently forming on the 1H chart. Stochastics also indicate that price is at overbought level. We are expecting a move downward as higher time frames indicate that price is consolidating into an ascending triangle. We enter on breakout of the flag.
Price is currently forming a descending triangle and failed to break through monthly resistance. Also, we have a divergence forming as the oscillator is not confirming to lower highs forming on our price. We enter short positions upon breakout of the descending triangle.
Bearish Bat Pattern Forming. Ichimoku Cloud suggesting bullish bias. Price also recently broke strongly through monthly resistance levels. I suggest to wait for a pullback and bounce off of the mid point of the long bullish candle.
We have just completed - and profited - from the Bearish Cypher Pattern Completion. Coincidentally, we also have a potential Double Top formation forming. First entry point will be based upon Harmonic Pattern Completion and price hitting resistance levels with Take Profit levels at the neckline of the potential Double Top pattern. Second entry point will be...
Entry at 114.137 TP 1 at 112.521 TP 2 at 111.706 Harmonic Price pattern nearing completion + Bearish Flag + Divergence Price is currently just below Monthly resistance, 200 SMA, and 38.2% retracement. It has been unsuccessful in making higher highs beyond this point for quite some time now. Let me know your thoughts!
Double Bottom Formation on a 38.2% retracement of a bullish impulse move and bullish divergence. Enter long positions upon completion of the Double Bottom Formation. Price has already breached 200 SMA on a 1H Chart.
Low risk short opportunity if price manages to complete Head & Shoulders Pattern. Will enter short trades upon pattern completion. See comments below for reason for bearish bias and longer time frame short opportunities
Bullish Flag Formation on 50% retracement and near monthly support level. Reverse Head & Shoulders Pattern also nearing completion. However, I believe that price will still fall to the lower end of the bullish flag channel because volume has been decreasing which indicates that the bulls are getting exhausted and may take a rest before breaking out of the flag...
Price previously made a bullish flag pattern on the 61.8% retracement and 200 SMA. Currently, a Hammer Candle appear on the same retracement level and SMA and volume on the 4H chart shows that this is a valid price move.
Enter Long Orders on 84.160 TP at 84.818 SL at 83.890 Entering this trade since price made a bounce off of the 38.2% retracement of the previous bullish trend and 200 SMA. On a higher time frame, price just bounced off monthly support.