Bearish Color Red Number 8
or just hold this and hope it breaks the trend upwards and spikes
As BTC is trending down, it might hit resistance around 2300. Will it reverse there or continue down to test 2000 level?
After a few days of maintaining a rapid rise in price, you begin to see small bulls and a first red candle, these are signs of pause or even weakening in the trend.
Hold previous structure. "Last wick standing"... Could imagine break of lower trend line for more downside momentum on $EURUSD.
Shorting GBPYJPY due to it touching the channel edges and challengig EMA 200 (4h) and declined by both. The pair is also being close to fibonacci 50, aswell as RSI7 are near overbought. I will close out the current open position if it reaches above fibonacci 50, and look to enter closer to 61.8 and 76.4. Will place the order SLs above fibonacci 76.4, and TP at...
The Dollar has appreciated as the FED have announced a rate hike as early as March is on the table. Commodity prices have struggled in this environment and hurt the Aussie dollar. I see this pair making a new low as more bears enter the market. This technical set see's a strong downtrend with a pullback failing to close over the 0.61% fib level and downward...
Bearish Development, Breaking Support levels, Standby for EMA200 Short from here.
Key: Green: Monthly Tend Lines. Thick Lines Outer Trend, Thin Inner Trend. (set on monthly resolution) Purple and green lines are possible outcomes. (120 resolution) Blue lines are points of possible trend changes. Currently seeking the buy and sell signal as price action approaches the blue line which to me states a good entry point into a short/long...
I do already have a USDJPY short play currently but that is based on the 1hr chart, this is essentially the same play but enlarged on to the 4hr which offers me more room for profit. The expected target for this 120.50 as opposed to the 1hr chart, the target is about to get hit pretty soon
On the lesser time frame charts it seems that most of the hourly pull back has already happened . I see this as being a good opportunity to get short to collect at least 20 pips (shooting low) I'm just trying to hit a single or double here not the best opportunity for the upcoming week... but none the less a pretty safe trade to start your week off with.
EURUSD forming a descending triangle on weekly charts. The price has broken down its short term up trendline after testing the top trendline of the triangle. The idea is to go short and expect to retest the bottom of the triangle around 1.2100 as targets.
Momentum is trending down and the market broke to the up side (momentum was against it but there was a wedge), later it broke down in harmony with momentum, momentum has been trending down. It look like AUDUSD is moving down, and there is a chance that it will move quickly in 'harmonic move' fashion. There are many ways how to play this out and some of theme can...