dewdew91

dewdew91

The pair is in a falling channel and has made a trend like move near the top. It has moved above the cloud and I will be looking for a retracement. The 38% retrace lines up with the cloud and could line up with the 100MA. My entry will be price action confirmation off this point with a candle that closes in its top 25%.

dewdew91

Two reasons this could be a potential short. The trendline and 62% retracement.

dewdew91

The falling channel is forming. The potential buy area is the 38%

dewdew91

The pair has broken and retested the falling channel. Now it has put in a pin bar marked with the arrow. Watch for movement to the upside, especially if it breaks the cloud.

dewdew91

I am watching the 38% fib as a entry to get long. If price comes and touches the cloud and 100 SMA that would help confirm the up movement for the next wave.

dewdew91

Trend line and 100SMA resistance It is having trouble at that area

dewdew91 Updated 

The pair has formed a bearish flag after breaking a upward trendline. It also tested that trendline and failed. I am already in this trade from the break.

dewdew91

The 200MA has acted as resistance for 3-4 times now. I am expecting it will act as resistance again. The trend line also helps to confirm the trade. Although the MACD has a long-term positive divergence.

dewdew91

This pair is forming a nice triangle. I am not biased either way from looking at the weekly. Look out for the break.

dewdew91

I believe the 142 area will attract shorts and will ultimately cause a range to form 129-142. Ranges can be very profitable if spotted early.

dewdew91

Flag is forming on the the 4 hour chart I am neutral on the pair. If broken to the upside, I will need strong price action to get long due to the bigger downtrend. I set a alert and will wait.

dewdew91

After a big gap down BMY has drifted off and formed a pin bar at a key support line. I am looking to get long to fill the Gap

dewdew91

Triangle forming here I am bearish looking at the weekly. I will be looking for a break of the green support and a retest to get short or a break of the triangle.

dewdew91

I will be waiting for price to come back up to test the 200 SMA and red resistance line I have drawn. I believe it will break the prior high and trap longs.

dewdew91

Looking for a retest near the Left shoulder on this pair. Negative Divergence on MACD. It will take another week or so.

dewdew91

Missed the break and retest. Possible new entry if it can get back to the means. Small bearish flag might play out.

dewdew91

There is a pin bar at the trend line. The flag is almost to the apex.

dewdew91

Watching for a flag on the 1 hour to form and buy on support