falling wedge pattern has occurred from the 1d and lower. Looking to go long since the price bounced off the support line very nicely.
lotsizes and RR's are listed on the analysis as well and pictures of the further analysis on the 15 min chart will be listed as well. Make sure to check that out as well.
trade safely as well guys....
Triple hit of support with RSI divergence.
Using heikin ashi smoothed (2-2) waiting for confirmation green candle.
Health and momentum is weak
Simple analysis but don't need to overthink this one.
Enter trade on 4 hour for tighter stop loss VERY important you know how to do this right.
Break out has happend with a bearish candle with big wick with MACD tops lower. Target is the major support before this will have the next bounce. Stochastic has room to move lower. Will take trade on 60 min timeframe which is also showimg comfirmation
What's you think Bearish or Bullish please leave a comment and explain why
Bearish trend and tight squeeze this is going to have a big move but what direction?
I will wait for a confirmation candle on 1d then take the pull back on a lower time frame
Looking fo a D completion of a cypher pattern at 1.14845. if price action hits this point i will be looking for targets at 1.16996 and a second target of 1.18452 these are also backed up by previous structure.