Price on the 4H chart has been climbing. It reached a new high in early-mid November and found resistance off the Daily descending trend line (bold orange line). Price fell and has been in a range under the previous highs from mid-September. Price has now fallen under the ascending 4H trendline (gray dashed upward-sloped line) and has shown a 2-bar market reversal...
The 4H chart shows USDJPY price to be climbing since late August. The two longer thin black lines show price has been in an ascending wedge pattern. At point 'A' price first closes below this wedge (bearish warning), but retreats back in at 'B'. Also, if you'll notice at 'B', this was the first time price did NOT touch the top trend line (bearish sign) then with a...
Price gave a short signal on this pair at an area of heavy confluence on the 4H chart.
• The 4H chart shows that price is in an upward channel and has reached the top of that channel.
• Price has neared the long-term downward trend lines on the weekly and the daily.
• A fib retracement of the previous long down swing shows price is at the 61.8% level.
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The EURAUD shows a sell signal on the 4H chart. The pair appears to be in a wedge pattern at the moment and is bound by a descending trend line (thin black line) from the top and an ascending trend line (thin black line) from the bottom. The orange thick line is a longer-term line that will possibly become more relevant after price finds its way out of the wedge...
On the USDCAD chart, price has failed to stay above the daily descending trend line (thick orange line above) three times and also coincides with the 88.6% fib retracement of the previous down move.
There is a 2-bar market reversal signal at this area of the trend line. Price broke under the ascending trend line on the 4H chart (thin black line) and is at...
