AUDJPY is showing a possible M pattern on the 1 hour chart. In the analysis once we break the targeted level I expect price to continue down to the origin of the initial leg of the M pattern. Price normally retests the area where the impulse leg started and by the looks of the chart once we continue beyond my s/r level and close below it there will be a very high...
So we just broke out and about to follow through with a retest of the rejection level. Price has been grinding downward for quite some time so it is likely a nice pullback or momentum shift that is about to occur. I have profit levels set in the picture as well as entry and stop loss levels. Good luck traders.
After a pretty bullish week the market is hinting a momentum shift for deeper correction. I have a pretty though out visual to follow and support my bias. Feel free to watch it play out just follow me.
Looking at the recent price rally and rejection of the 1.13 level on the fib price should break down to form a new higher low. A higher high was just created which is a new all time high so we are looking to take profits between the 61.8 and 50% fib level then wait on a new structural high to be created.
We are using he RSI in relation to price in order to spot possible divergences and here is a pretty. nice setup. Pretty much labelled it out on the chart but I'll explain. We are looking for a break below and close on the shown support level to confirm our divergence setup on the analysis. Using PROPER RISK MANAGEMENT it is possible to hold or scalp smaller...
Market conditions are showing slowing of selling momentum. Price should be looking to retrace and retest target level. Entry on trend line break and close above grey resistance area. Conservative stop loss will go below the low of the candle that breaks and closes into the resistance area with a max stop loss as shown. The indicators I have chosen are all acting...
Coming out of a ascending wedge pattern we see a very likely move to the downside. Accroding to all of the indicators we are moving out of overbought territory acting as confirmation to our wedge breakout when it occurs. Pending order set for breakout with two targets.
Like young Joc said "It's goin down." We sitting in a wedge pattern it seems. All of the indicators showing overbought conditions and crossovers are imminent. I'm taking final targets at the next level marked at the horizontal line.
We have a potential downside move at the trend line. Once we close below the low of the current candle I'll take an entry on a bearish candle. The indicators are all signaling for a sell.
Wow looks like a pretty ripe opportunity. We have more to buying activity on all of the indicators below so we should up to our Daily Time Frame resistance area. Watch for the trend line break after it should be a pretty decent move to the downside to test the lows.
I like the look of the setup. We have price teetring over like a pile of jenga blocks in anti-gravity lol what? Seriously, price looks ripe to drop once I get a rejection of the 200 period Moving average then the indicators will then all be crossed to the downside signalling a move from overbought conditions to the downside. This looks very very good. Keeping in...
We are experiencing multiple agreements with the indicators showing a very overbought bias.
I would look to get in on a break of a new structural low or perhaps a pullback and sweep of a high before rejection to the downside.
If you have a good eye for entries you can catch this potential quick move if my calculations are correct.
In addition, looking at market...
The indicators are all about to crossover for a sell signal. What I would be looking for in market structure is a break and close below the low of the candlestick and a rejection of this area after the trend line break. Multiple targets are present for me to take.
I noticed this M pattern coming into formation on a bearish move I anticipated at the end of the first leg from a different analysis I had. This possible M serves as another confirmation for me. Looking to drop down to the uptrend line that forms the bottom of the flag overall formation the market is currently inside of. Will continue watching and will take...
Looks about complete in formation looking to see a pin bar or bullish engulfing candle on the shoulder that is forming. Any other bullish candlestick pattern formation is good for confirmation at that particular point. Looking to take profit at resistance zone @ 1.08095.
