Potential reverse at the decision zone due to the .following :- 1- Valid Bearish flag pattern. 2-Valid AB=CD pattern inside the flag pattern. 3-Valid structure level. 4-0.618 fib retracement for AB leg . 5- Trend hits the upper line of the bearish channel. 6- RSI overbought
USDCAD is coming into Daily Support. This is a Potential Reversal Zone for the resumption of the uptrend. Price has created a descending channel right into the support area. These descending channels tend to breakout to the upside. Stops - Need to be at least 1 ATR below reversal zone. Targets - Potential Targets are shown on the chart.. They are based upon...
Hello guys whats up? Another analysis is here for you. Look at that nice green and red candles making new lows day by day. They are so strong and sharp. When does it end? Next week or a week after? When comes that day when we fall at the very bottom and price turns north? Desperate time desperate measures. Despite we all love that shiny Bitcoin we must sell it....
Important price confluence in a bear channel. Wait for price confirmation and go short. Risk reaward 1x2.5. Best regards.
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After massive drop in oil price which the main reason for that -fundamentally- still complected due to many synaptic reasons like the base concept of supply and demand theory , china growth slowing and unstable political condition in the Middle East . For Technical analysis ,the chart shows potential bullish impulse as based in following :- 1- Valid Carb...
I'm short in the US30. I have been watching the order flow and there is still a large amount of bears hitting it at key levels. Bearish channel. MACD looks like it wants to slump over and diverge. 1st target will be .618 fib level. 2nd .764 fib level 3rd around 15200.
An ABCD corrective move could end up at a significant daily resistance. Bullish Gartley potentially retesting the upper band of an already broken descending channel could be use as buy entry level to ride the BC leg of the entire "big" correction.
It appears that all of the stars are aligning with this pair. - bearish channel has been respected. - 618 retracement has been respected. - major resistance. - hanging man candle formation. - 127 extension targets align for impulse legs 2 & 3. - targets align with previous major structure. I am anticipating this to be less than simple as it's such an obvious...
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Nov 13 2015: BEARISH EURUSD 1H: Long term bearish channel (Analysis Based on 1 hour chart) Observations 1. Long term bearish channel 2. Two short term bullish channel 3. Bullish head and shoulder pattern 4. Price at weekly swing low NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 12 2015: BEARISH EURGBP 1 Hour: Bullish BAT pattern at market (Analysis Based on 1 hour chart) Observations 1 Short term down channel 2. RSI oversold at swing low 3. Price at down channel mid-line 4.BAT at pattern at market 5. RSI hidden divergence 6. RSI regular divergence NOTE: Wait for price action to confirm the importance of these levels. If you...
Nov 3 2015: BEARISH EURUSD 15 Min. Sell channel top. Buy support (Analysis Based on 15 min chart) Observations 1. Long term down channel 2. Short term down channel 3. Price at support 4. 15Min RSI oversold at swing low NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 3 2015: BEARISH EURUSD 1H: Sell channel tops; Buy BAT pattern (Analysis Based on 1 hour chart) Observations 1. Long term down channel 2. Short term down channel 3. Bullish BAT pattern 4. Oversold RSI at 1H swing low NOTE: Wait for price action to confirm the importance of these levels. NOTE: This is a counter trend opportunity based on my daily outlook If...
BEARISH EURUSD 1H: Support becoming resistance. Bearish price action in kill zone. (Analysis Based on 1 hour chart) Observations 1. Long term down channel 2. Short term up channel being retested 3. Price at daily swing low 4. Overbought RSI at 1H swing high NOTE: Wait for price action to confirm the importance of these levels. NOTE: This is a counter trend...
Nov 2 2015: BULLISH EURUSD DAILY: Waiting on gartley to play out (Analysis Based on Daily charts) Criteria 1. Up trend on the Daily chart 2. Price at daily Support level 3. RSI hidden divergence 4. Gartley pattern terminating slightly below channel lows NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful....
BEARISH EURUSD WEEKLY (Analysis Based on Weekly charts) Criteria 1. Long term down trend 2.Price recently bounced at support/resistance zone 3. Recent strong bearish price action NOTE: Wait for price action to confirm the importance of these levels. I don't trade from the weekly chart. I use it to evaluate overall market direction. If you find this information...
BEARISH EURUSD 1H: Support becoming resistance. Wait for bearish price action. (Analysis Based on 1 hour chart) Criteria 1. Sell at daily Support/Resistance 2. Sell at daily swing low 3. Sell at channel high NOTE: Wait for price action to confirm the importance of these levels. NOTE: This is a counter trend oppertunity based on my daily outlook