Put this one on your watch lists folks. I'm looking for a downward break to sell if buyers get thwarted.
Here we see weak RSI, along with a strong break of a long term price level. I'm going to be watching the price action on this one, and if i see buyers thwarted, I will be selling short. Watch this one guys.
Depending on how the candles behave on this one, we might be seeing a classic Head and Shoulders pattern, which means that this extended pattern that has played out over the last few months could signal a YEARS LONG trend reversal for Sterling against the Euro. Watch the candles over the next few days, and we might have our answer. Look for Pin Bars and Inside Weakness.
Here we see a rising RSI, weak candles, all moving into a support. I expect to see a bounce in the coming weeks.
Just like CADCHF right now, CADJPY is seeing weak candles moving into strong resistance with terrible strength. This will be moving down in the coming weeks.
After a sharp recent rise, I'm seeing multiple indications of selling taking place, possible leading to a move down to the 84 area or lower. Obviously, this is negated by a push upwards towards 89.
$GBPUSD Cable slowly grinding up from what I believe to be the bottom (two bullish candles). Only time will tell... Used ichimoku kinko hyo as a technical indicator, on the 4h chart. Please see the chart attached to this post. Any comments, suggestions, opinions etc. are welcome. I remain LONG. GLTA!
We have european data coming out at 5 am and american at 8:30 that could twist this us so be sure to be watching in the mean while and maybe take some profits if things tart moving against you, i have those 2 as my trade scenarios red is my stop loss and the green is possible targets reaching to edge of the expanding channel. Short is where most profits can be...
Many confluences as the uptrend line is broken on the daily timeframe, fib line up with numerous indecisive candles. ETC. Please Like and comment feedback, it really helps, Thank you.
Areas on the weekly chat, support/resistance and fibonacci levels target areas price lines up nicely on monthly and daily.
GBPNZD shows indecision candles for the last few trading sessions, it might be a signal to have potential bearish movement if breaks the previous low of the last doji. Risk reward 1:2 is a good proportion, will hold the position for the next few days and will try to find better entry point to go short
ULTA is in an obvious up trend on the weekly chart. Sort of sideways on the daily chart with an RSI making lower lows and lower highs. But if you put a lot of stock in candle formations then you might be willing to risk some money to the downside. Bearish formation in Friday's candle on the daily (engulfing candle) within a one on the weekly (upside down hang...