Bearish trend might start RSI is now coming back from oversold to median Entry @ 1877/1878 SL @ 1885 TP @ 1874
RSI indicates that it can be shorted once the sudden bull run starts to end In the chart its indicated . As soon as RSI starts dropping back to its median the shorting can be done
RSI IS INDICATING A BULL RUN whenever in the past RSI has hit its down peak it has returned with a very strong bull run for quite a while Entry @ 1835 TP @ 1845 SL @ 1825 Very straight forward
The Chart shows a very clear Bullish Penannant Volume is low at the moment Entry should be @ ~1859 SL @ 1848 ( Below last support level ) TP @ 1869
The RSI in the last few times whenever has peaked USDJPY then followed a very long bearish pattern BAsed on above observation I am betting for this to go bearish further Entry @ 132.182 SL @ 132.992 TP @ 131.526
Major Trend is Bearish after a long Bull trend its now becoming bearish Sideways trading since 22 Dec forming a Bearish Rectangle Entry @ 1.19996 SL @ 1.20854 TP @ 1.19211
Following Simple Dow Theory Making LL and LH Plan SHORT Entry @ 95.800 (last LL) TP @ 93 SL @ 99.5
Making LL and LH on simple Dow Theory Short Entry @ 130.968 SL @ 131.702 TP @ 129
Almost a reverse Cup and Handle formation in progress Once we have a complete reverse cup and handle , It will indicate a bearish move and we can make an entry below the neck line of the cup and handle Entry @ 140.431 SL @ 141.181 TP @ 139.330
Due to EXY on a bull trend EURUSD is making HH and HL and looks like it can continue the up trend Strong Support at 1.06259 to 1.06585 region Strong Resistance @ 1.06948 region Entry @ 1.06711 SL@1.06409 TP@1.06878
Bearish Indications : * Major trend is Bearish but in consolidation phase since 22 Nov bumping between major support and resistance * Resistance = 104.582 Support = 104.149 * Major trading channel not broken * Double top chart pattern formation in progress Bullish Indications * Cup and Handle chart pattern being formed Bias : Short Plan A Entry @...
Bearish Indications * Making LL and LH since 22 Oct on 1h Time frame * Support = 79 to 81 Resistance = 101 to 102 * Trend channel trading since 11 Nov 2022 Bullish Indications * Trend channel trading next hard resistance = 88 and support = 79 Bias = Short Plan Entry @78 SL @ 86 TP @ 70
Bullish Indications * Making HH and HL but no consistency * Inverted green hammer candlestick * Support = 86 Resistance = 89 Bearish Indications * Three red soldiers * Support = 86 Resistance = 89 * Double top chart pattern : Neck line = 86 Bias = Short Plan Entry @ 85.95 TP @ 84 SL @ 89
Bearish Indications : * 4H + 1h confirms a general Bear Trend making LL and LH * Support = 128 Resistance =134 to 138 Bullish Indications : * No bullish signals , no reversal patterns. Bias = SHORT Plan Entry @128 (below current support ) SL @ 134 TP @124 then 120
Bullish Indications 1) Major Trend is HH and HL being formed in 4h + D time frame 2) Three red soldiers being formed at the moment but could be a small pull back 3) Support = 1786 to 1792 Resistance = 1817-1820 level 4) Parallel channel since 23 Nov being respected 5) Fib Support level of the bull trend since 23 Nov 0.786 is being respected Bias : Long...
Spotted a BEarish wedge plus a reverse cup and handle Entry for this bearish indication or bearish move could be the neck line of the cup and handle plus wedge Plan : Short Entry @ 1783 SL @ 1790 (short stop loss ) TP @ 1776 (previous support)
BTCUSD is now in a boring channel pattern A small trade can be taken with strong resistance and support between 16818 to 16848
#BTCUSD Bearish rectangle spotted where trading is following a rectangle channel The edges of the Rectangle have to be broken in order to open a trade Although the major trend is Bearish therefore the possibility is a bearish breakout from this rectangle but it can also do a reversal Shorting Entry @ 16511 SL @ 16819 TP @ 16200 (Next support level )