Good morning, Analysis on chart. An alternative idea would be if we see a downside breakout and breakout of the long term bullish trendline on daily chart and the gap remains unfilled. Have a nice day, Daniel
- Trendline is reached - The price almost touched the horizontal resistance and previous lower low - We have strong reversal price action signals on the same level - H4 timeframe - Short-term channel: A sign of reversal would be if the price refuse to go higher and touch the upper line inside the channel. A second one would be if we see a breakout from the bottom side.
Daily chart: Bullish trend The price refused to go lower after a pin bar at horizontal (fake breakout) and diagonal support. H1 chart: Just found a HnS breakout at a lower timeframe which could be an opportunity for the next rally.
Good morning everyone, Just found this. I think it's gonna be a decent trade. Good luck !
Good morning traders, Analysis on chart. Good luck!
Good morning everyone, Here's my idea for USD/CHF We've got a nice bearish pin bar at horizontal and diagonal resistance. The price makes fake breakout above 50SMA and 23,2% fibonacci retracement which is also a sign of a bearish strength. On the smaller time frames we can see a break below , close below from the bottom side of a channel. If the price action makes...
Hello everyone, I just wanna share with you something I found as an idea. We've got a potential ABCD pattern completion around 0.7184 which will give us a Bat pattern completion. In the other hand, I see this move as a test of the broken channel we have on the 4 hour chart. Targets at 38,2% and 61,8 Fibonacci retracements. Keep an eye on this trade. Good luck :)