orimichaeli

orimichaeli

As seen from daily chart, bears has reject the bulls attempt to cross the POC and resistance line with high selling pressure. Now bulls in critical point and very important support line at 270 (red dash line), that if will not hold - will turn to mega resistance and the way down is going very painful to the next yearly volume area at 170.

orimichaeli

Time to short. Rejected from the neckline and very strong resistance trend line (previous support).

orimichaeli

Time to short- Resistance line Divergence MFI Daily MA 200

orimichaeli

USDZAR- pair are straggling to break very strong weekly resistance which are also Fib 0.618. MFI- showing divergence and pointing of correction.

orimichaeli

We can see clear trend reversal. 1. hanging man candle supported by huge volume. 2. after this candle the pair forming HH&HL. 3. Inverse H&S. I would wait for retrace by Fib and go long with very good R:R.

orimichaeli

MFI- overbought. Fib 0.5 Resistance. Downtrend market.

orimichaeli

Bear flag, resistance level. Short to volume area.

orimichaeli

Maybe when Warren Buffett said "you should never bet against USA"- the DXY chart was in front of his eyes. DXY- supper bullish!

orimichaeli

EURGBP forming invers H&S and HL. Wait for false breakout of the trend line before entering to long. This trade must come with patient but patient is the key for wining trades . GOOD LUCK!

orimichaeli

USDJPY- Forming rising wedge in 1HR chart and H&S. Wait for break to short.

orimichaeli

EURUSD is moving in The channel, wait for price to hit the POC to take the long position.

orimichaeli

In this daily chart we can clearly see the crazy bullish run right after the pandemic sell off. The bulls kept the trend line above midline pithfork for almost 2 years. In the past 3 month we saw aggressive shift in the momentum as bears took control and kept the trend line below the midline pithfork. In the last month we saw nice recovery (with low volume) and...

orimichaeli

After forming double top which is basically reversal pattern, just wait for break the trend lie to enter to Short position.

orimichaeli

Weekly chart- sellers finally step in at 86.300- FIB 0.786 Now we should see correction back to the channel by Fib level as shown on the Chart . GOOD LUCK!

orimichaeli

It doesn't looking good for BA. Very important level of support was broken on Friday. Now, it could be a fake breakout and bounce back from this Fib 0.5 level like it did before.. but the weekly candle closed below that level with heavy volume of sellers. Now we need to watch for test this previous support which is now turned resistance and if the sellers will...

orimichaeli

Fib 0.5 is strong support and looks like bears are failed to break this level. I will take long with tight SL to the next level of Fib that was support and now resistance.

orimichaeli

Gap have to be filled ... bearish bearish, bearish!

orimichaeli

nzdjpy reaching to the top border of the channel, just wait for fake breakout and short it. I placed Sell order at 78.788 , which is strong resistance.