We have a descending flag on the daily creating a possible continuation of the bullish trend. Within that, there holds a demand zone that is fresh with few tests. We should expect a break out to the upside.
CHFJPY has been making easy corrections. Look for a break on the smaller timeframe and then enter. This has the potential to go much lower. See chart update for bigger timeframe analysis.
Goodluck and trade safe!
NZDCHf has been making beautiful bullish corrections all the way to the top. As we're anticipating NZD weakness, we can now look for shorting opportunities. We could possible be in a bear flag now leading to an area of interest. Watch for the flag to breakdown.
See linked chart on how to enter.
Goodluck and trade safe!
We have had 2 successful breakouts in this most recent run
And the third formed a local top
We can see this has formed a bear flag, which the downward move was 40% into it
And a 40% move down would put us at the very strong S/R of 0.40
Numbers seem all too confluent to be true
However, if we leave this flag I would expect a similar move, maybe it gets supports at...
CADJPY is showing a bearish flag.
The long downward trendline is the 'flag pole' leading up to the flag.
In the flag pattern, the price makes higher lows and lower highs to make a 'flag-like' pattern. Eventually, price will break out of this pattern.
The trend before the pattern was created was bearish with a dominant downtrend. It is likely that the price...
Again you can see the volume has lowered today, gold is taking an absolute battering and BTC is to follow.
The bear flag seen can also be seen on the higher timeframes from the recent price activity prior to the recent dump. Check out my analysis from earlier today; in connection, this what I think is going to happen including my predicted price.
It's in plain...
Usd is weakening and will soon crash with in a few months markets must prepare for this and will be pricing this in shortly, to add to this the technical's here are as shown simple elliot impulse wave as well as a bearish continuation flag with the wicks touching the 61.8 fib.
-Looking to short this pair on the reversal of the 61.8% fib level which is also in confluence with the supply zone.
-Price is also below the EMA which indicates bearish signals.
-Top down analysis from the weekly and daily show a bearish trend.
-Very good opportunity to go short of this pair.
-Lets's see what happens during the week!
Begun looking in to and back testing Flag patterns. Here's one I spotted while doing my usual checks of the charts.
Bottom chart is the 1440 showing us that we're still in a downward trend and have been since the first half of 2019.
Top chart is the 240 showing an initial impulse legs or flag pole, with a nice retracement.
I'd be looking to go short once price...
overall move for eurusd is bearish with blue trendline respecting price on the weekly.
on the daily I see price reaching D resistance zone (green), diving deeper into the 1hr, I see price created this upward channel with price now reaching d resistance zone.
on the 15min, price created a bearish flag pattern, waiting for price to break out and continue moving...
uk oil has been in downtrend for a very long time now with price making a bearish flag on the daily chart.
Waiting for price to complete the bearish flag with one more move up, I say this because price made a double bottom and retested previous support so I am hoping price does the same before melting down at the top of the flag...
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 hitting resistance of bear flag that pair is potentially forming on weekly
It has now formed Bullish Three point correction wave, representing a Bearish Alternate ABCD pattern on 4H time frame.
and Bearish Gartley on 4H as well