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25 0 0
GBPUSD - still in the bearish channel

The price has formed a descending triangle, after the break it retested the new resistance level and bounced downwards. The price has saw a massive bearish move over the last 4 hours, but looks like the push is going to come to an end as the price s still in the bearish channel. We could see a retracement take place very soon. I would keep everyone updated on my ...

79 0 0
ABCDE Descending triangle

A rough guide of how price might follow if we are following ABCDE elliot wave scenario. Any thoughts/opinons appreciated.

52 0 2
Will $OCDO break out of its descending triangle?

Pressure for a breakout has been building in the past few weeks. A Bullish engulfing candle could be the signal for more.

JordanWillson JordanWillson AUDCAD, 240, Short ,
36 0 3
AUDCAD, 240 Short
AUDCAD Short Opportunity

Here we have a double top formed on a 4 hour keeping inside a strong bearish rectangle. Level 0.98654 has not been broken and respected perfectly creating this formation, also strong convergence with the RSI and Stoch. If the 50% Fib level is broken at 0.98048 I will be looking at shorting this to around 0.97205 support level. It is also visible that it is being ...

LeeThompson97 LeeThompson97 EURGBP, D, Short ,
81 1 3
GBP/EUR Descending Triangle & Regular Divergence

Price is currently at the top of a descending triangle.. my bias is that price will break to the downside. Look for the close on the daily timeframe, if price does not break the top and instead shows a reversal candle use the counter trend line (4 hourly) to enter. On the 4 hour time frame there is also regular divergence visible, further suggesting a sell.

22 0 1
EURNZD, 240 Short

This descending triangle has been setting up for weeks now, wait and see how it reacts around the 1.52 area if it breaks target support at 1.51 if it can get through here it has a long way to go down.

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