Happy Monday everyone!
Today has not been such an exciting day for traders as there is little movement in pretty much all assets and currency pairs. However, despite that, here is what I have just discovered.
At the 4 hour timeframe, we are currently witnessing a bearish Hangman Candlestick for EURUSD. If the candlestick closes, we can expect a good sell...
Beware the hangman in the night...he may be stuck by price action...but his eyes watch over all traders who lose. Never lose...or he will come after you.
This is my art. Hit that like button. Hope you all enjoy ;)
Hanging man on the daily at the resistance level of $32. Price has not breached this level since. Could be in for further bearish momentum unless we breach $32
I see a potential reversal coming. A few factors. Hangman candle stick with bearish volume, also is consolidating at the 1.618 extension plus bearish divergence on the rsi.
Yesterday the SPY broke above an important level (GAP) at 302. It also confirmed two consecutive days above the 200sma. Interestingly enough on the last close it printed a bearish hangman candlestick. It'll be interesting to see what happens into the end of the week. If we can keep above the 200sma and print a proper bullish structure (double bottom etc), then the...
On the 4H,
-A distinct hangman presents itself signaling a trend reversal
-Fibonacci supports move to 9.2k
$10.3 is critical support:
-If it holds we move bullishly UP!
-If BTC breaks support it may find next support at 9.2k
Either way, I love the price action and volatility!
![NZDUSD: Hangman In The Dark [Art by racer8]](https://s3.tradingview.com/z/ZuzUM0NX_mid.png "Hangman In The Dark [Art by racer8]")
