Let's see if price respects the upper trend line of this descending channel. Looking for a nice short opportunity on this one.
Price closed on EURUSD with a beautiful shooting star on the daily timeframe. Price is also showing to be overbought. Move in and check price action on the lower timeframes to pinpoint an entry point. I'm expecting to see price drop down to about 1.20700
Here we have a simple analysis of GBPJPY on the daily timeframe. I'll be watching and waiting for price to break and close below the rising trendline (expecting price to drop). However, price may test and break the upper resistance level and continue up. Keep this on your radar :-)
See description on chart. I entered this trade at 146.247. Stop: 147.900; TP: 144.030
Wait for break and close of neckline to enter short position.
Here we have a double top formation on the H4 timeframe. Price has broken previous support and I'm waiting for price to retrace to the 0.618 level to enter a short position. I'll be looking for confirmation on the lower timeframes before entering this trade.
Just playing around with my charts. Simple analysis on the D1 timeframe. Price is ranging and currently sitting at the top of this channel. I expect price to drop to 0.84000 over the next month. Chip in, what are your thoughts? :-)