redlineracer

redlineracer

Whitehaven Coacl (WHC) might be in for some downside movement if this pattern plays out

redlineracer

SOLDUSD daily trendline is holding, but the volume, MACD, and RSI show bearish divergence. I'm monitoring to see if we get a trendline break followed by a bear flag.

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Interested to see if ETHUSD maintains the upward trendline on the daily. Might see it getting tested soon. I feel there needs to be a bit more downside within this consolidation of the historical high. Guess we will see.

redlineracer

Bearish divergence on the MACD for the USDJPY. I am expecting a pull-back, though the price may push up once more before doing so.

redlineracer

Momentum for more downside on AUDUSD, maybe even sub-60c for AUDUSD, before a rebound.

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Bear flag forming on GBPAUD 4hr after the most recent upside impulses displayed bearish divergence on the MACD. Monitor for a possible downside play

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Suspicious looking bear flag forming on the 15 min BTC chart. Worth monitoring for a possible downside play

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Channel trading opporunity on the GBP 4hr. Not sure how much longer this will play out, but the corrective channel structure hasn't retraced to the 50% or 61.8% fib levels yet, so there may be some more trades in this yet.

redlineracer

AUDUSD - daily, looks to have formed a bear flag, suggesting a possible short play.

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Watching for the possible makings of an upside breakout for the AUDCAD. Will be interesting to see how well this trendline holds.

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Potential for more downside on BTCUSD if the bear flag plays out

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Fibbonacci retrace and extension, and MACD momentum indicates more XJO downside ahead

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After touching a major fib retracement level, the associated diveregence on the MACD and RSI indicate a price pullback is on the horizon.

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The rising wedge on the DXY 4hr might be hearalding bearish movement. Combined with the divergence on the MACD and RSI, I'm expecting downside...after a likely initial break of the top of the previous swing high.

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Scenario involving the completion of a 4hr flat for ETHUSD.

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Whilst the EUR/GBP is testing a major weekly and daily resistance line, the MACD histogram is displaying bearish divergence.

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The AUD/USD is testing a major resistance level on the weekly chart. The last time this resistance was tested in 2015 it started a 6-month downtrend.

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On daily data, the NZD/USD is testing a major resistance level, with Fibonacci retracement identifying it at the crucial 50% mark.