With the Long-term trend being down and the break of a Short-term up-trendline, I see a Short opportunity together with Price Action Bars, ofcourse. Although We can see that Price currently is in an Range structure and we have to be Cautious for the Tests of Support and Resistance.
Further we see previous Divergence of the RSI with the Dominant trend and RSI at...
1-Exhaustion candle on Weekly against Weekly Range Resistance
2-Broke Daily Structure w/ Lower Low
3-4hr Ichimoku is Bearish.
~Looking for 4hr retrace and confirmation from Ichimoku and Price Action to Short
*Other charts in comments.
4hr cloud break with strong uptrend on higher timeframes:
possible in need of a correction w/ spinning top candle on weekly(consolidation pattern)
looking for sell setup on 4hr and 1hr with Price action and Ichimoku confirmation.
As you can see EURUSD has 2 channels to play in on the monthly chart, wich means on lower timeframe charts it still has potential to touch the lowest monthly channel as seen in my 4Hr published idea.
If you look at my RSI in the past you see this similar bounces occure.
EURUSD might be heading slowly for a Monthly retracement move to the upside after wich it...
~~~LOOK ON BIGGER TIMEFRAME CHARTS IN COMMENTS~~~
EURUSD might have another leg down before making some upmove
after bouncing the Daily resistance or Monthly resistance.
My RSI shows me some more breath-space is available before
continuing downwards, also Fib. confims this.
At this page( fxbootcamp.com ) you can see, under euro that...
EURUSD is at the 32.8% fib retracement, wich then holds we can see the major downtrend continuation.
If it doesn't hold then the EUR could reach for a higher position to the 23.6% fib retracement, wich it then should fall if it's about to follow the major downtrend wich it likely will.
When we see a break of the 23.6% fib retracement level then it would no longer...
I took this Kumo-break trade on the 4hr chart for usd/jpy and already moved my stop-loss to break even(where the red horizontal ray is at), I will manually move my stop-loss accordingly to the Kijun Sen. I got my eyes on the monthly resistance as profit target(monthly pivot) and i set my take profit target even with last uptrend spike.
Would you still look to...
Oil is at a significant support level, with a breakdown, I think we should watch 30 to 20ish area.
By reversal up, i think the price of about 80 à barrel should be closely watched.
Also relate to: www.forbes.com
I will post more of my view on Oil...
Bitcoin is now into the 38,2% retrace, with a fall Below we can expect a retrace into the 175 - 165, breaking that retrace to the down should give an continuation of the bearish ABCD pattern w/ a Potentional Targets on 150 - 145 and my eyes on 120. A break to the upside of the 175-165 level Can make it further Bullish.
Leg AB came into an 50% retracement of leg XA, it also stumbles against a Yearly Pivot resistance and i look for BC to pullback into the 1200 - 1175 area, afterwards a upmove of CD into 1300 - 1345 area can be expected. A break below 1130 should make it further bearish towards 1100 - 1075.
Gold reached a 38.2% retracement from 52 weeks low, wich would be a Key Point to watch. Also it is struggleling or just above a Yearly Pivot Point, the blue Box'n'Lines are monthly consolidation resistance areas. I am watching this to develop further.
Edit: It also is at 38.2% retacement from 4 weeks high w/ Pivot Point 1st support at 1222.45 and Pivot Point 2nd...
Same as for EURUSD,; I expect GBPUSD to go short, with the possible good news for the USD later on today; the bearish trend and through the correlation with EURUSD. I entered around 1.5555 area and got my eyes on 1.5495.