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H1 - Bullish trend pattern completed. Expecting bearish pullbacks. False break, bearish convergence, bearish harami candle pattern, and most recent uptrend line breakout. We may consider these as evidences of bearish pressure. Expecting further continuation lower in the short term after pullbacks.
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1. Price levels are working great here 2. Weaker than the market 3. point of the trend reversal, the price level is not confirmed, but from there was made a new local high 4. distant test 5. approaching with regular bars so far 6. has the energy 7. potential 10 to 1
Are we looking at a false break on the Euro USD according to the Indicator we are trading along the top 1% of price movement at the 3 standard deviation meaning we could be looking at a quarter high with that we are also above 1.100 which was a key level to start looking for move in price action we may see parity which would have this pair fall to 1.00 before the...
H4 - Price respected the key support zone formed by the 106 psychological zone, alternative trend line, and the 61.8% (106.371) fibonacci expansion level of the first wave we have. We also had a false break of the alternative trend line and the last low, bullish divergence. The price has also broken above the downtrend line and has created higher highs. H1 -...
KMT stock false break will go down to the survice line.
HSI future forms a wedge making me bias to bearish. Today, it breakouts the previous swing high, EMA50, and a mid-term downward trendline, and immediately drops below, expecting to close as a pinbar. A classic false breakout setting with 5 conflence factors (also considering the fib retracement, and the long-term resistance). A 2.5 risk-reward trade will be enter...
H4 - Triple cycle to the downside completed, price is holding above a strong support zone, false breaks with bullish divergence. Downtrend line breakout, we may now expect possible short term retraces to happen. H1 - Bullish trend pattern, until the buy zone holds my short term view remains bullish here. Invalidation - If the price breaks and holds below the...
The price is near the resistance zone, it has already made a false break but now it has returned to the trendline and bounced, so we are expecting it to continue the upward momentum. Remember to check RSI and MACD for further confirmation Comment your thoughts!
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The pair formed 2 false breaks and 2 divergences during the rally on the H4 chart. Looks like a head and shoulders pattern is also forming. Breakout below the neckline should push the pair lower
D1 - False break with bullish divergence. H1 - Special or triple cycle forming. We may now look for pullbacks and then buys with more bullish evidences.
Triangle false break, possible downside move.
D1 - Price has reached the top of the range. H4 - Multiple divergences, false breaks and nice engulfing candle pattern. We may look for possible sells with bearish evidences as long as the top of the daily range holds.
Looks like we are in the start of a down swing . Therefore will try to take short tomorrow in London / US session , after price manipulation/reversal . Best of luck :-)