See 12 hour chart, shooting star formed on major SR area, good probability short setup here.
AUDUSD sell setup for next 6 weeks .236 retracement of weekly down AB Boundary Bearish Shooting Star/ Pin Bar followed by Bearish Engulfing Candle Target 1.618 Fib Extension Stop15 pip above Previous High BUT I WILL GO TO 1H AND 2H TIMEFRAME FOR SMALLER TRADE USING FIB, COUNTER TREND LINE BREAK, SUPPORT AND RESISTANCE AND PRICE ACTION
Its good area to short GBPJPY around 138.5's with stops around 140's which will offer us very good risk reward to go short.
1) On the weekly chart a nice shooting star candle 2) Break of this upward structure (green line up), is likely a start of bearish move 3) pitchfork indicates we likely see a move towards the median line again 4) This pair is strongly correlated with other other AUD pairs (see related idea), also indicating downward movement is highly probable. You can enter...
BANK OF BARODA BEARISH CANDLE WITH RSI DIVERGENCE TRAINGLE IN 30 MIN
Silver seems to drop lower for a correction. SL at 21.000 TP at around 18:00. wait to see how the market closes tomorrow. Or get in when the price drops below the spinning top on the daily.
Hello Traders, As we are drawing closer to the EU referendum, and a potential BREXIT I would like to post my bias. We have an abundance of confluence supporting a continuation of the overall bearish trend of the GBPUSD. We have the 200 EMA acting as resistance, which has held after being tested on a number of occasions. We are currently at a resistance zone...
Price @ .5 fib level of down AB Swing Testing 3 strong resistance around 1.4626/ also resistance level of the Ascending Triangle Price tried to break up the down trend line twice, but retrace back below Testing last bearish engulfing CFL and Spinning Top 5 Days ago there was a Bearish Shooting Star
Massive rejection candle on the 12 hour. IF selling continues with a lower low, enter for about a 1:5 RR
I sold it last night, before i went to sleep. SORRY FOR BEING LATE FOR POSTING. Shorted FX:NZDJPY Backside of the up trend line (Red) Backside of the down trendlone (Blue) Bearish Shooting Start at Resistance, top part of the Ascending Channel STochRSI was over bought Stop: 10 Pips Above Bearish Shooting Star Reward: Support lever near bottom of the ascending channel
The 4 Hour shows a shooting star candle and the 8 hour also looks very convincing this will be a short term sell off. I enter the trade based on a pitchfork drawn on the 5 minute chart to set my risk reward to a pretty good 1:3.4 Good trading all this week!
A shooting star pattern has formed on the 4H candle. Look to go bearish for a quick 50-55 pips.
As you can see there is a Shooting star formation look to go bearish
FX:EURUSD Short trade after bearish shooting star and counter trend line break Price retraced from .236 fib level of down AB Swing Bearish Shooting star @ .236 level Bearish Shooting star @ .382 level Ascending Channel Breakout Resistance Below .382 Level USD Strength after G7 Summit TRADE Price @ 1.11843 Stop Loss @ 1.12232 - 10 pip above high...
Nice "Evening star" pattern formed on the Monthly resistance, in line with FIB 61.8 made lower high. As the rule of the trend we're about to see new lower low which I'm expecting to be at 1.42250 (confluence with weekly support and -0.27 FIB). Entering on the bearish close below the CTL on 4H.
On the 4h chart of AUDUSD you can see good short opportunity. The Shooting Star is the Price Action signal for short trade. The target is 0.77000.