In one of my previous charts, I was hinting at the potential of an Ascending Triangle forming, once again the green upward sloping support of the pattern has acted as support several times, and on the contrary, the horizontal resistance has rejected the bulls multiple times. Notice on the RSI the blue downward sloping resistance has caused lower highs to form,...
Another Lower High is confirmed on the EURUSD Monthly chart and could trigger the reversal of it. If it gains 1.18 on the weekly scale it could test 1.19 and if it breaks change of behavior happens and the upside targets will be more probable. but until that, it is bearish with another Monthly Lower High .
eurusd is making lower lows and lower highs. placed a rr tool to show you guys where I entered and I only use market orders as I need candlestick confirmation to enter.
gbpusd made lower highs and lower lows, looking for price to create newly formed lower high so I can go short.
LAURUSLAB has formed inverted pole and flag twice on hourly chart, in the first pole-flag, it has retraced 78% of fall quickly where as in second pole-flag it is retracing slowly. and it is forming lower highs and lower lows. moreover stock split is ex-date is on 29-Sept-2020. which increases liquidity. we can see a weakness in the coming sessions.
USDJPY is making lower high and lower low. But if you go to daily or weekly time frame, it is currently at very important support zone. But before looking for reversal we can enter a short position. There is multiple supporting confluences for short position. #1 previous support zone into resistance #2 trend line #3 Fib Retracement Use risk management when...
Repost** Evening Traders, Today’s analysis – USDJPY – Prices action is projecting down in a descending channel , until broken, price is likely to continue trading within two boundaries. Points to consider, - Trend bearish (consecutive lower highs) - Daily S/R breached (Resistance) - Oscillators equilibrium - Low Volume We can conclude that the immediate trend...
=Yurlo (Please go ahead and tap that like button for the calls & free content I provide) 👍👍👍👍 I've been watching these markets very very closely over the past few days, and I don't trust these little pumps we've been seeing. I think that the market makes have been pushing the price up slowly above $10000 just to get bulls thinking that "the bottom is in" so they...
NEO was looking so good with its falling wedge breakout and cup and handle Macro pattern failure Three lower highs with grinding. Macro trend to reassert itself after weakness? More likely than not New shiny coins pumping, old heavy many-bagholder coins no one wants
Technical analysis Boeing showing support at the trend-line forming since the march lows. A close below $152 is a break of the lower highs trend Sentiment, technicals, and fundamental views for Boeing are weak. However: risk-reward-ratio is very attractive Still a global duopoly (Boeing and Airbus) Heavy support from the government to help it...
In recent times in this market price has been making a series of lower highs on the daily chart. Whilst the short-term momentum is lower, price has been running into the daily chart support and as yet has not been able to break it This level looks crucial for where price makes its next solid move. If we can get a clear break lower below this level with the...
Evening Traders, Today’s Analysis – GBPUSD – range trading putting in a bearish retest with the immediate target range midpoint. Points to consider, - Overthrow (no follow through) - Range resistance confluence (200MA) - Range midpoint (Local support) - Oscillators neutral - Volume below average - GBPUSD’s immediate trend is bearish with consecutive lower...
mapped out s/d and s/r zones. Gbp is looking weak due to lower highs and lower lows. Waiting for retest.
Evening Traders, Today’s Analysis – USDCAD – trading in a probable rising wedge pattern at local resistance, breaking down bearish will be a short opportunity. Points to consider, - Trend Bearish ( Consecutive lower highs) - Daily support respected - Local resistance confluence - RSI wedge - Volume tapering off USDCAD’s overall trend is bearish with...
Lower low , lower high structure is still intact on the weekly chart of TATA MOTORS.
Evening Traders, Today’s technical analysis will be on BCHBTC, trading very close to its apex with a breakout being imminent. Points to consider, - Local Trend bearish - Price trading near apex - RSI testing support - Stochastics projected down - Volume extremely low - Local support - .50 Fibonacci BCHBTC’s local trend has been bearish, consecutive lower...