Looks like a Bearish Flag is formed here. Likely, will be a short position to fall back to the support line of the channel. If the resistance line of the channel is broken then watch for a retest. Please let me know your thoughts, please comment/boost if you agree! Thanks!
Head and Shoulders set up, there was a test at the shoulder line and broke through to hit a new low. Ideally this will continue to sink, there may be a small reversal but over a longer period this likely will continue in a downward trend. Please let me know your thoughts! Thanks!
I am between this and a bearish flag, the one thing I am paying attention to is the reversal in the middle of the channel. This will either break through resistance and continue upwards or if testing the resistance fails then it may fall back into the channel to hit the support line. Please let me know what your thoughts are! Thanks!
Looking at this currency pair it looks like there is a channel forming. It has met the same resistance line twice and is looking to meet the Trend line for support. The RSI matches close to where the peaks have hit resistance and where the second possible touch for support (on the Trend line) will be. The black ray is a historical support/resistance line.
Let me...
A channel has been set up and after hitting the resistance for the second time it is moving back towards the support/upward trend line.
Let me know what you think, thanks!
RSI hit 30 and is bouncing back. The pair is currently going back up after hitting 2 different support lines (one being an upward trend line).
Let me know what you think, thanks!
