Sell opportunity to the next level of support. Price has extended and exhausted the buys.
Divergence on H4 suggests we have exhausted the buys. A follow through from double tops and break from previous structure, we are able to take a sell for around 80 pips Looking from H1 perspective, price is rejecting EMA50 with bearish engulfing and hanging man, a sell is imminent and trade is executed with TP around the area of 146.75
H1 timeframe, price rejected EMA18. Moving to a lower timeframe (M15) divergence buy is identified, HL spotted and price has broken previous structure. This suggests a bullish bias. Price reacted at 88.6% and 78.6% of Fibonacci retracement, with dojis. Therefore, a buy trade is executed to target 0.8670 (TP)
Canadian Yen short opportunity is anticipated. 1HR divergence, exhausting the buyers. 1HR price is in consolidation
Price is making series of higher high on M15 giving a bullish GDP. On the higher timeframe, daily price is in bullish divergence. Therefore in anticipation of a pullback on the higher timeframe, price is predicted to go long on M15
The pair is in its retracement phase on daily view. As weekly is extremely bearish on this pair and daily shows multiple wick rejections. My bias remains downside potential. Previous daily candles i.e. Doji to tweezer tops to pin bar infers that we are still in the strong bearish sentiment. Stepping down to a lower time frame- 4H, we have dropped and close below...
Head & Shoulder Pattern expected Price is moving within the triangle and simultaneously making higher lows. This pair is in its retracement phase. Let us see if we can have a pop up to TEST the right shoulder or higher. Stepping down to 2H time frame, after drawing my counter-trendline, noticed MA already crossed. Therefore, I will be waiting for PA candlestick...
Daily close yesterday as a BEARISH ENGULFING CANDLE We have 3 touches to the Trendline with 3 pin pattern come bearish engulfing on a daily. A slight retracement before we go DOWN! On the 4 hour chart, on multiple occasions rejecting support while printing a lower high. Risk to reward 2:9 Let's see how this plays out.