PoorMansForex

PoorMansForex

Another rising flag pattern here. Looking for a break, re-test and a sell opportunity.

PoorMansForex

Similar set up to my previous post here. Rising flag pattern, creating a double top off the weekly resistance zone. Potential for a scale in opportunity when she drops and breaks the flag support.

PoorMansForex

A rising flag after a big down trend - Rejecting my weekly resistance zone, creating a lower high. Could continue to the downside with a break from the flag to the support zone.

PoorMansForex

This pair has been squeezing for some time. My bias is a short on this pair. Lower TF's not indicating a channel, looking to reject the resistance line on the triangle for a push to the downside.

PoorMansForex

Potential set up for both outcomes here. Break the resistance zone, retest, Buy. Or, Reject the resistance zone, break the previous small down trend, retest, sell.

PoorMansForex

Price has risen to resistance within a rising channel. I am looking for a short position here. Awaiting rejection confirmation prior to entry. Target will be the support of channel area.

PoorMansForex

This pair is in a sideways channel on the weekly and daily TF. The daily TF is showing a slight uptrend back to the weekly resistance zone. The 4H TF is showing a double top at the end of this bullish run. On the 1H, engulfing a candle rejecting both my EMA's. However, I will await a break from both daily uptrend, and support zone prior to entering a short position.

PoorMansForex

Weekly showing bearish movement. Daily continues to back this with a bullish flag formed. Creating a nice continuation pattern for a short. 4H is consolidating into a channel within the flag formation. 2H is forming an evening star formation. Awaiting close of this hours candle prior to entry.

PoorMansForex

Here we have a pair at a weekly double top. The left hand side of this chart shows the second top. Which is now falling to the downside. At present we have some exhaustion in a bullish channel. Im expecting this to continue to the upside, and I will be expecting a rejection in my marked zone, then will look for further confluences to determine my short position....

PoorMansForex

Here we have a descending wedge formation, unable to break my marked zone of resistance. In a little 4H downtrend. Im looking for a breakout of the wedge, retest, then target the top of the wedge.

PoorMansForex

Channel formed, 2nd touch of resistance, looking for an engulfing candle for entry. We have a top range on the RSI, 3 candle resistance

PoorMansForex

Hourly channel formed for a period of time, unable to break either way as of yet. I'm looking for a push back to the down side. Resistance zone rejected again, near the top of RSI also.

PoorMansForex

Currently broken my channel, testing one of my daily zones. 2 options that could play out here. A break, retest and push to the next daily zone. Or, a rejection of the daily zone, creating a triple top, and a further slide to to downside, possible target of the daily uptrend.

PoorMansForex

Here we have a pair stuck in consolidation. Tested the above daily resistance many times without breaking through. Slight uptrend on the Hourly, I'd like to see this broken, retested then Sell. My EMA's have now crossed over, indicating Sell position also.

PoorMansForex

Here is 2 potential possibilities for this pair. We have consolidated into a rising pennant formation. Looking for a break of the resistance zone, or uptrend for one of 2 outcomes.

PoorMansForex

Please see previous publication

PoorMansForex

Weekly TF shows sideways channel for a lengthy period, 4H and 1H rising channels formed. Top of the channel, structure line rejection, and this is also rejecting the resistance zone.

PoorMansForex

This pair is on a weekly and daily downtrend. Currently rejecting the major zone that was previously broke in October 2019. This could break through and retest towards the daily downtrend. Or, option 2, we reject the 4H TF and create a double bottom. This is also at our oversold area with RSI - Indicating a push to the upside.