In my analysis of AUD/USD on TradingView, I have identified several bearish signals that suggest the pair may be headed for a downward trend. The pair has been trading within a descending channel, with lower highs and lower lows. Additionally, the 50-day moving average has crossed below the 200-day moving average, indicating a possible long-term bearish trend. The...
Hello all,
After a major breakout of the big rising wedge on 1D and 1W timeframes the oil price
has been doing a correction. Now the price is reaching the previous structural ATH, which will
possibly become a quite strong resistance. On the other hand, we can draw a bear flag pattern
on 4H chart, which is a bearish AAD pattern to the long term rising wedge. Thus...
Hello all,
Just couple of hours ago the price has swirled down breaking the neckline of the H&S pattern on the 4H time frame.
Personally, I foresee a good short trade with high odds.
Sell limit is on the retest of the neckline
SL is above the neckline
TP1 is around the 42,000 level
TP2 is around the 41,000 structural support
Good luck!
Please, like...
Hello all,
The crypto market is being quite bearish recent days.
As for the ETHUSD pair the situation is as follows:
The Ethereum has come to the long term support line and forming a bearish pattern.
On a daily and weekly charts there is an obvious double top pattern
Bearish candles are way bigger than bullish ones.
We need to wait for a confirmed...
Hello all,
As I was predicting 2 weeks ago the BTCUSD pair has started crashing out of the
long term rising wedge pattern around 10 days ago. Here is the link:
So, what do we have now is the confirmed breakout of this long term bearish
pattern and possibly the switch of the trend (LLs and LHs). What are we possibly
observing now is a bear flag like pattern,...
Evening all,
A bearish formation printing into place for GBP/USD.
Price will continue upwards in the short term and potentially create a throw-over before a reversal back into the triangle and a sustained move downwards.
A longer term bearish outlook going into 2021. A good strategy to buy from pullbacks on the smaller time frames until then will provide some...
Australian dollar /United stase dollar future contract is trading in a Big Rising Wedge, I thinkit will be broken and price might fall.
We can clearly see a divergence between ON BALANCE VOLUME and PRICE.
Fundamentally AUD is going upthese days due to Optimism about a Covid-vaccine and a V -shape recovery in international indices. However there are still high...
4H / 1D / 1W
New Resistance & Support Levels:
R3 110.70 R2 110.40 R1 110.15
S1 108.80 S2 108.45 S3 108.10
Entry Order will be placed @ Market Opening
Entry Market Order @ 110.60
T/P @ 108.80
This will be a 1W Timeframe order.
Personal analysis only. Please use your own rules and strategies prior to entering market.
