Last week price broke above 2 months high, but a bulltrap was completed when price fellw below 2 the months high again.
On h4 , a macd divergence was registered. suggesting that this structure might be topping out.
The ideal entry will be when a right shoulder is pumped to the 2 mth high level.
However , price is ...
After multi year lows were broken, this has become a bear market.
Using the bear flag shown, a subsequent bearish leg can be projected,
which happens to be ~16.56 , which confluences with the obvious pivot low as well
I can see higher high , higher low being created. I am just expecting to continue with the mommentum.
Encapsulated within this upmove will be my usual channel divergence setup.
I do see a support confluence of channels together with d1 line chart levels, so I can clearly identify my SL risk.
Spotted a h1 hns chart pattern and with macd divergence. I am interested to see if the pattern will be completed or not , if neckline closes or not. If ti closes , then a flush of 2 weeks high will be done.
What may be against this trade will be the 2 hammers on w1 , but should price do a strong bearish close, It ...
Currently Nikkei is at resistance of a f5 and a level in which was previously retested in line chart.
It was also halted at the channel trendline.
A successful test at h1 will be meaningful but unfortunately I do not have access to h1 charts for futures.
However this can be translated to other JPY crosses and I ...
not sure if the channel is near completion or not.
But macd divergence may suggest the turn is about to peak. I am still looking for trend continuation.
With resistance confluence , I am looking for close below 8265 for my trade to run smooth.
Although not fully completed, there are signs of h1 channel appearing. ...
With price moving down for 4 consective weeks, I have joined in the short.
However, current price is a bit low on short,
Price seems to be currently forming a small channel.
I hope i am not shorting into support, in which I believe this support is meant to be broken in due time.
It seems to be the neckline of a ...
It has been a lengthy consolidation for 2 weeks. Price has touched 2013 high and now seems to be doing a flush of a 2 weeks high , pending day close.
I have a h1 macd divergence identified , although the channel is a bit awkward.
Definitely , I wont be shorting at the low when channel break. It has got to be ...