on the higher time frame EURAUD had been in a overall correction stage and im looking to get into sell after i see a good opportunity. On the lower time frames EURAUD market behavior is moving to the upside in a very slow and consilidating manner like a bearish flag so this is making me feel seller will take control later on during the week for sells.
Traders, What I see in the charts is quite simple. We must set our emotions aside and think logically. What are the charts showing me in the altcoin space? Let's visit this topic quickly. Stew
- CPI data came in expected today, excpet core is 0.1% hotter market didn't really care since we need something really hot to not get a 0.25bps - PPI data likely will come in expected as well today, since CPI was pretty aligned so technical matter more now - SPX came close to 200 MA today rejected the 3940 area but QQQ is above 200 MA - QQQ and SPX reject...
$META Bear flag on 5 min, with TF continuity on the daily, 4h 1h Price targets: $124.16, $123.67, $122.60
FX:GBPNZD I was doing an GBPNZD trade one morning and came across a formation that I knew would earn me a decent amount of points - and one that would make a great GBPNZD analysis video for the trading community. This GBPNZD trade analysis video mainly revolves around the use of Fibonacci, Regression Lines and Bear Flag formations. But I guess the most important...
There are some interesting patterns forming in SILVER , mostly pointing to a further downwards movement to come in the short term. Is it a Head and Shoulders pattern? Or a Bear Flag? Or are the market manipulators just toying with us? Get out your tinfoil hats and let me know what you think...
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Price has been moving in a descending channel, in a series of impulses and correction, and we can expect prices to continue to move to the downside. There is potential for short term long entries due to an inverse head and shoulders pattern, which is a reversal pattern, but first price has to break the neckline and this will give us confirmation to enter...
Break of very strong weekly support level, bearish flag pattern. 2.5:1 Risk to reward.
The 1hr chart is looking like a bear flag as it bounces higher and at resistance now. The good news is that prices found support right at the breakout point which is support now. On the 4hr chart, the support level corresponds with the 22 EMA. The 4hr view looks positive so if we see a break lower from that bear flag on the 1hr, it may be a buyable dip with the...