sf.funke

sf.funke Updated 

- HTF ascending within an HTF continuation pattern - Ascending formed on top of the HTF structure - A small double top formed with an arcing nature This tells me that price is coming to the downside

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- Price is currently moving in an triangle - The ascending (triangle) trendline is being supported by a round number and Fib retr. EMA‘s might indicate a bearish movement in the future but the bullish supporting criteria is is strong - EMA‘s could end up losing it‘s force

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Broke through 50EMA + pullback Found resistance on round numbe Failed breakout on 23.6 fib

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- Price found support on the round number resistance 3x - The fourth touch ended with two dojis(indecision) - A triple formed with the doji’s (round number, trend line from ascending triangle, fib support) - On the other side you have an HS formation with proper backup from the ema crossing - would wait for a signal bar to enter

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- After a strong bullish move you can see that a HS pattern formed. - EMA’s crossed indicating bearish force in the market. - The bulls couldn’t keep the upper hand. Short position

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You can see the price finding resistance on the horizontal line and its wick bounced back from the EMA. Currently price is moving in an ascending triangle. Price might move towards trend line due to patterns on the resistance zone.

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- Failed resistance breakout 3 times plus a resistance hit and a strong bearish bar (4h) -Failed break out, resistance hit twice - looking for further down momentum (D) - Resistance hit, possible move to the trend line then further bullish momentum due to the double bottom at a weekly support (W) Possible short profit to the trend line, then looking for further...

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- Broke through the monthly resistance after failing to brake on the 61.8% fib support. (4h) - Broke through the monthly resistance and bounced back from the lower channel line to the monthly support. (D) - On the weekly chart we see a "doji" forming right beneath the monthly resistance. (W) --> Wo wait for further price action to decide whether to go long or short.

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Clear breakout through the triangle trend line and the monthly resistance on all three timeframes. On all three charts you can see a pullback to the monthly support and bearish momentum becoming weaker on the 4h chart. This looks like a continuation of the bearish momentum. Looking for long setups.

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USDCHF hit the monthly resistance 3 times before breaking the upper triangle line to the downside. The daily chart shows a double top on the monthly resistance which also shows a parish momentum. With a doji formed on the weekly chart and a bearish move following it right away we have a possible bearish move following.

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After the double bottom on the daily weekly support is hit there is a high probability that price might continue until the trendline. On all three timeframes the weekly support confirmed it's existence. This looks like a bullish momentum coming in action.

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GBPUSD broke through the trend line on all three timeframes (W; D; 4h). On all three he made a pullback, on the 4h chart he made a pullback with a doji which implies further bearish momentum.

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On all three timeframes we've hit the monthly resistance which indicates a bearish move in the future. On the Daily we can see a pinbar forming directly at the monthly resistance with the bullish momentum becoming weaker on the 4h chart.

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Testing the Trendline and the 50.00% Fib and as you can see it's forming HL on the 4h chart. Watching how market behaves the next hours and if it doesn't break => Long position

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We have a breakout and a monthly resistance hit. On the daily chart you can see that he failed two breakout attempts to the bullish side. He formed a double top on the 4h chart. This indicates a bearish movement which could continue to the downside. Whenever he should break the trendline, there is an possible entry point.

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Since we've hit the Weekly resistance and hit the TL , we have have a ascending triangle. Beter wait for further confirmation. After the strong bearish move we have formed newer HL and HH on the daily. Either trading the bearish breakout or waiting for a bullish movement to enter whenever it should cross the weekly resistance. But for now just observing...

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Double top at a weekly resistance level on the 4h chart. The daily is a fake breakout to the top therefore bearish movement expected. Entry would be 116.434 and the stop close above the 0.00% Fib level. The acending Triangle could be a possible retracement entry if it breaks out properly.