If you have missed the entry from yesterday's triangle idea you can now rejoin. While price is near the trend line and resistance zone around 123.10-20 we can try to sell once a bearish candle pattern forms. There is already hidden bearish divergence that has formed on the M15 chart. Aim to collect first target near last low.
Pair has already formed bearish hidden divergence on the H4 chart and there is also triangle which could be better seen on the H1 chart. Look for a breakout below the triangle to short.
H4 bearish divergence H1 potential bearish divergence to form Looking to sell near 86.00 zone
GBPUSD Sell Setup Pair is about to complete a triple cycle up. We can look for short setups near the 1.45 zone with bearish divergence on top. Great risk:reward ratio here! Protect last high created. Target 1: 1.4370 target 2: 1.4280
Price is under bearish divergence. There is strong resistance on the way. If we get one more top on MACD histogram near the trend line and the resistance zone marked on the chart preferably with a false break we can go short. Final target would be the 50% of the whole move
Possible triple cycle to end near 1.1450. From there we can look for short positions and aim 1.0987.
This pair is threatening further downside pressure as it ended last week giving back all the gain from the previous week. Sitting on a short-term uptrend line as the RSI and Awesome Oscillator diverge from the pairs uptrend over the past 5 weeks. A break of support at 0.77000 leaves room to run down to 0.76000 - 0.75500. We will be giving price action some room...
Strong bearish break of the 50% fib level signals a potential move down to re-test 110.972.
Saw a spike to 111.04 low ahead of rebound to regain 112.00 level. The long lower wick suggest recent decline is stalling and a correction to retrace the recent sharp selloff from the 114.87 high now in focus. Lift over 112.310 will see stronger recovery to 112.80 then 113.38 to 113.60 area. Here at Unique Forex we combine our team's 40+ years of trading...
The ratio of long to short positions in the USDJPY stands at 2.22 as 69% of traders are long according to a survey of retail traders at several brokers. Yesterday the ratio was 2.21; 69% of open positions were long. Long positions are 4.3% higher than yesterday and 5.8% above levels seen last week. We use these statistics as a contrarian indicator to price...
Reasons For -Firstly after bouncing of 1.6000(Our key level) we have been very bearish as you can see -Also we have been putting in Lower Lows and Lower Highs -We have also cleared our key level at 1.55000 and have been putting in bearish movement -Now we are trading below 1.5500 the only smart thing to do is to sell as we can clearly see strength to the...
it seems that 3 waves zigzag correction has been ended near 61.8% of prior impulse. divergence in play. now, there is no clue that this zigzag is end of correction or just wave W of a complex correction.
Reasons for - Clearly price is putting in lower lows and lower highs (Clear Downtrend) - Price broke key level at 120.00 A week back so we maybe heading to next key level ? - Price has put 3 touch on short term 4 Hour trend line - Price put in doji the a bearish engulfing and clearly bearish candle then another bull green candle then another gearish engulfing ...
I personally have been short on this pair since December :) Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so There are many reasons for this setup Fundamentals and technicals FUNDAMENTALS - jubilee year ? - shemitah Year ? - every 8 years a financial crisis - FED raising rates to...
Sell with the break of the up trend line Target 1: 0.9700 Target 2: 0.9620 Stop Loss: Break and close above 0.9830.
Price is currently at 61,8 of the last wave up fibo expansion. It is also sitting on weekly monster resistance. Sell with the break of the up trend line. If it continues higher look for bearish div to be completed (another MACD histogram peak) + false break of the trend line from the tops