ThePinnacleTrader

ThePinnacleTrader

A potential bullish rally to complete the third touch of the ascending channel and take out the high of the structure.

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With price strengthening to the downside, bears look to push prices lower with the break of structure.

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As prices reach the 1.73543 level, potential short opportunity with confirmation of bearish reversal and continuation patterns will further strengthen the bears momentum.

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Long term short on the dollar Swiss after a break of the ascending channel.

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The Euro pound shows potential temporary bullish run to the upside to significant levels before continuing the bearish trend to the downside.

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A potential short to the 0,55715 level before we see price rally to the upside. (Check out DXY idea, opposite correlation)

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As price broke above the area of interest around the 0.91082 level, we see a temporary price rally to the 0.92165 area, creating a potential reversal to the downside.(Check DXY idea- positive correlation.)

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As prices have reached an area of value around the 106.013 level, potentially prices could rally to the 107 value before reversing to the short side.

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With multiple pattern confirmations a possible short trade on this pair.Top down analysis further confirms current short structure.

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The pound yen top down analysis represents a show case of how the market behaves and the amount of opportunities yet to come.

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Daily timeframe signals the bears are ready to push prices further below as prices have rejected at areas of value creating a clear double top on the H4.

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A potential sell on the Aussie Kiwi. With a clear H&S pattern on the Daily timeframe further strengthens the bears chances of out trending the bulls.

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A break above the descending channel benchmarks a potential bull run to the upside.

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Technical analysis shows prices on a sesnsitive level with multiple rejects. Ascending channel further strengths a bearish reversal. From Daily to the 15 minute timeframe bulls show a slight loss in upwards momentum. After a bearish reversal a continuation pattern confirms sell positions.

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Anticipating a bearish reversal around the 109.937 level. A confirmation from the smaller timeframes with give the green light for short opportunities.

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Prices currently at a sensitive area of 105.772 where previous major resistance occurred. Bearish rejection will further confirm bears takeover for a long term sell market.

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A breakout and retest of the ascending channel strengths the confirmation of a bearish trend.

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A rejection on the weekly time-frame signals a potential long term short on the chfjpy.