The long-term view (eagle view) of EURAUD is bullish, but in between we can see a bear setup based on the 1HTF.
A preceding impulsive move of a bearish continuation pattern (Flag). Patiently waiting for this pattern to build up.
The short-term flag pattern suggests a potential downside move within the larger bullish trend.
We may see a rejection of price at...
The overall structure is an ascending channel which is a reversal pattern in between it is a formation of a continuation pattern 15MIN flag pattern). So my bias on OANDA:EURUSD is bearish. Anticipating price to test the upper dynamic trendline in conjunction with the resistance zone, then to the nearest support level.
Everything lines up for a great sell opp. But I need to see a nice pull back for entry and a high made mid week in order for me to be interested in selling. Im watching orderflow and all is lining up so far. Will wait for news before pulling trigger.
BTCUSD reached further the supply area in overbought condition. A potential decrease of 7% can occur if the price action interact with the anchored VWAP from ATH. This potential movement can ignite an impulsive 5-wave bearish exiting of this big diamond pattern, which is likely complete.
Fisher Transform suggests the direction of the price action in 2H and 1D...
