1) Price looks like it is losing momentum, as the bullish candles are getting smaller and smaller.
2) There has also been multiple touches of this downward trendline
3) The RSI is also coming to the overbought area as well as divergerence
I personally will be looking for the ascending trendline to break with potentially a retest before entering
This is a good...
CHFJPY is currently in a uptrend and has hit it's pullback and has a high potential reversal chance as there is a huge divergence in the daily + hitting strong trend line and also hitting previous resistances. Comment below on what you think will happen ;)
EURUSD
Actualmente no está cerca de ningún kl aún así, vemos como está retesteando un triple suelo, con lo que suponemos que subirá aunque no demasiado ya que 1. tiene un HCH que actualmente acaba de retestear, 3 supplys por encima y además la tendéncia alcista, con lo que suponemos que puede subir un poco pero lo hará...
Podemos observar como actualmente acaba de rebotar en un triple techo que además es nuestro KEY LEVEL diario con lo que después de rebotarlo esperamos que caiga o bien en monthly o bien que mínimamente nos haga un punto 3 en la tendéncia alcista para que suba a retestear el triple techo, además encontramos un HCH que puede ayudarnos a confirmar la posterior caída...
GBPUSD is clearly very strong downtrend.
I am looking to sell from area 1 or 2
- Enter on price action and reversal candle, Trade at your own risk
Trade safe.
Tonnes of confluence on the weekly chart for Gold to bounce off at 1358 as shown in the chart.
1. SMA support
2. 50% fib support
3. Descending Channel Support
4. Ascending trendline Support
Until then, I will be shorting it any opportunity I get! Will play the ranges in the descending channel.
Goodluck!
