behind_bars

behind_bars Updated 

Weekly market structure (channel) and trend is bearish overall. Daily price is still trading within bearish flag/channel. Two options for next week, bullish and bearish: - Price honours lower daily channel and reverses higher, will buy on re-test of horizontal support. - Price collapses lower and breaks out of daily channel resistance line. Sell on re-test of...

behind_bars Updated 

Daily - Made swing high and moved lower 4HR - Confirmed swing low 1HR - New bearish channel forming, possible sell opportunity at next lower swing high when price reaches top of channel line resistance.

behind_bars

Weekly - price has reached weekly trend line and supply zone 4HR - RSI divergence, bearish wedge, price is consolidating and starting to look weaker, looking to sell break below 75.20-185

behind_bars

Weekly - technically trend is down Daily - price rejected 133.0 for second time, double top 4HR - bear wedge pattern, wait and see if price breaks lower, enter on break of trend or wait for re-test of trend line break (preferred, wait for confirmation price is heading lower).

behind_bars

- EURAUD has: - broken structure to downside - sold heavily at weekly down trend line - heading towards a strong weekly supply demand zone - will look to short after a retracement

behind_bars

- Sell re-test of neck-line

behind_bars

- Daily double bottom - Trend line break - Sitting at resistance on 1HR, inside bars. - Wait for strong break out to upside and buy on re-test.

behind_bars

Bearish Cypher possibly forming on Daily...

behind_bars

Possible long entry coming up at the .886 fib level should the cypher pattern complete....

behind_bars

Let’s see if USDJPY can roll over today, showing some bearish divergence after putting in the cypher pattern...

behind_bars Updated 

Looking for a move lower after hitting my limit order on 1HR cypher pattern.

behind_bars

AUDUSD made impulsive move down after RBA announcement, just hit strong price zone with bullish engulfing candle & "RSI extreme oversold"... 1st target R1:1, 2nd Target ??