USD Crude Oil - Been watching this to see if we can fill the gap down from last week, on the daily not much has happened since the big weekly push down. We have been rejecting the 61.8% Fibonacci level and are currently testing it, looking to see if we reject here again, or manage to come down to touch the 78.6% level. After we fill this gap, we could see some...
In the 1D chart, price has reached the top of trendline indicating there may be resistance in this key area. I will be looking to short this to the 61.8% retracement.
USDCAD LONG term trendline rejection expected
EURUSD LONG term (Trendline rejection)
Increasing downward momentum on the daily timeframe. Creating a trendline rejecting, expected short opportunities in the next weeks
4h-1D chart rejecting a trendline. Potential short trade when bearish candles occur.
When it rejects the line, completes the double top and breaks the lows of the retracement, you want to take it short to the 0.9174 level as projected on the chart. Will keep this idea updated
EURCHF SHORT term Major trendline Rejection
USDJPY SHORT term Trendline rejection
USDJPY LONG term Trendline rejection
GBPCAD SHORT term Trendline Rejection& STRONG Overbuy RSI
USDCAD SHORT term MAJOR trendline Rejection expected Wait for a good risk reward
XAUUSD SHORT term Daily Trendline rejection & 0.618 level Wait for a good down side confirmation
AUDJPY LONG term Trendline(and 0.382 level) rejection & AB=CD pattern
EURUSD LONG term Support breakout & Trendline rejection
EURUSD LONG term Trendline rejection place your stop loss below the trendline
NZDUSD LONG term Support &Trendline rejection Place your stop loss below the support
So we have a valid trendline with 3 points on it, and UJ hit it once more during last Friday. I shorted it for several reasons: 1 - Rejection from trendline 2 - Price filled the gap and then went back down 3 - Price became overbought when it made a LH 4 - Bearish engulfing candle on Friday's close 5 - 1h double top formation with broken support and retest of...