Pivot point, .382 level, sell pressure. Good sell setup, trend continuation.
Daily - Huge wedge. Supposed to break out when E is completed, but the price action is too high for the pair, so it has a tendency to go down. Hourly - Little head and shoulders that could also add up to the short side. 15-min chart - In the "right shoulder", there's a little channel that indicated the short side as well.
Sell on the lower-low lower-close bar after a retest of the trendline. As usual : broke out of the pattern, wait for a retest of the resistance, and sell it off. RSI is kind of low so I'm waiting for the moment. It might also bounce of the 200SMA. *SL, Entry and TP might not be the one I'll use* Trade safely!
Retesting the trendline (and the 38.2 fib level). I'll enter on that level.
Will enter short on the retest of the trendline.
Bullish Crab + Majort support + Bollinger Bands + Low RSI / Stoch The pattern is shown for confirmation. I don't think the D point is going to be hit, so it's between a crab and a bat pattern.
I sold GBPAUD. The trendline is really strong and I don't think it'll pass it. On the 4-hour chart, RSI touched the oversold level. (70) I'm also short on other GBP pairs except for GBPCHF but as I said, I might not trade it. We'll see! Trade safely.
I'd short this one. 200MA and 50MA slope suggest a sell, and a touch of the upper trendline would make a double top, which would suggest a sell as well. No divergence in the MACD
Hey traders, This a just my way to trade descending triangles and triangles in general. (Price action is totally fake) Trade safe!
Might break to the upside or the downside. In either way, wait for a retest of the lower trendline or upper trendline and buy or sell according to the direction! TP would be 110 pips! Good luck, trade safe.
I was long on CADJPY but it seems like it decided to break out to the downside. It's currently retesting the trendline, so it would be a good entry point for a sell.
I'm long USDCAD. It's the last time for the pair to go touch the upper trendline. Then, it's going to go down. The USDCAD could touch the 1.20 - 1.15$ by the end of the year.
1000 pips target. Reason I'm long is the GBP is oversold, so I'd prefer to be long than being short. We'll see according to the setup it gives us. The consolidation/breakout pattern and the 200SMA would suggest to sell. We'll see! This one will be difficult to trade, the breakout could happen in very very long time. TRADE SAFE. *I won't probably trade it*
Bought @1.0817 Overall trend still long, just retesting resistance (that became support now). Still going for the H&S and ABCD in formation.
A bearish flag would show a downside move. Last time to touch the upper trendline, and in the best case scenario, it would break out of the flag. Might show some difficulty crossing the .382 level of the daily structure, and this flag could also result in being the last downside movement of the daily structure. I'd enter around 120.43 *The SL and TP might not be...
The pair is probably going to form an ABCD pattern after the breakout and we'll buy when we get there. There's divergence on the MACD of the 4-hour chart
Breakout trading to the upside (following previous impulse). I'm trading the fact that it's going to go touch the upper trendline, and will watch to buy again if it breaks out (I think it will)