As you can see, we have a series of bearish flags.
I am looking for price to double top off 2k18's previous high at the 1.36500 level before declining.
I'd wait for nice daily priceaction off the highlighted level for a risky entry
for a safer entry id wait for a break of structure
it would also create MACD divergence
Signifying sellers coming into the market.
After the whiplash we all received when bitcoin was like NOOOOOPEEE after spiking through 9,000, i can see the following scenario playing out.
Retracing to between 8,300 and 8,100 which would actually close the CME futures gap which can be seen here -
Also giving us a nice tap off the TL.
We could break further down to the...
STOCHASTIC: Indicator is severely overbought as well as the RSI & other oscillator indicators.
SCHIFF PITCHFORK: Median line has been well respected in the past and price is struggling to cross this large resistance area.
VOLUME: Breakout of the 8200~8400 level was not followed through with volume indicating the lack of buyers in the market. Volume over the last...
The monthly chart has confirmed completion of a 5 wave impulsive move and price action continues within a rare and complex expanding triangle formation.
The bearish engulfing candle on this chart will be confirmed in the next 48 hours.
The daily chart shows a head & shoulders formation with prices currently testing the neckline.
A clear break and close below this...
I have done some analysis on the Eur/Jpy pair, looking at this I think that the price action will head down towards the support zone at 122.3880 it will test this zone and then head back up towards the trend line.
Once the price action has hit the trend Here is where I will be looking to enter the trade as a long term sell. An entry point at around 123.2465, SL...
I've done some analysis on EUR/USD any advice is welcome via the comments or via the chat, I think that this is going to be a sell trade but with the view to catching a few pips as a buy as well.
To start this one off the price action is currently at 1.11581, as it is the weekend and trading will commence again on Sunday at 10pm I think that the Price action...
I have done some analysis on GBP/USD I think that long term it is a sell trade but if you're looking at getting a few pips then It might be worth putting a buy trade on I'll put more info below on if you're wanting to buy
From looking at the chart I think that the price action will continue on a bearish trend until it hits the support zone which it will test and...
Hi guys, I hope that you are all are well! This week we have seen continued bearish momentum in GBPJPY to which has seen prices push close to 141's even, which is a very important and psychological level for this pair and we also saw prices retest a strong area of structure support (Daily) of 141.00 - 141.30's to which we have since seen some relief in selling...