itaskar

itaskar

possible flag, low risk setup, stop on picture below

itaskar

expecting trend resume -S/R zone -61.8 retrace -doji/bear engulfing -trendline

itaskar

price is back at resist area(neckline), stochastic is comming to overbought area. 1st target 1:1 2nd target - lows

itaskar

may we will see downmove, daily resistance zone covered with few sell signals in 240. stop 20 pips above highs. next resistance zone is around 1.4700 daily: corelated pair eurgbp,no buy signal yet there, but daily support zone:

itaskar

resistance zone created with dark cloud and evening star formations, possible retrace stop 20-30 pips above evening star close above this pattern will invalidate this setup weekly downtrendline:

itaskar

may we will see some decline, price is at daily resistance and created shooting stars in 30. stop 20 pips above highs

itaskar

update: no sell signal Looking for sell signal at daily resist, agresive traders can go short. Resistance is covered with few bearish engulfings. On daily we can see sell signals as well: Daily close above this resistance will open the door to 0.7650 and 0.7740 levels

itaskar

Price at support zone. reversing pattern in daily: few reversing patterns in 240:

itaskar

possible broken wedge, HAS inside the wedge,daily close outside the wedge. Dark cloud apeared in retesting area.

itaskar

broken neckline, stop above prior high,watch the daily close, we need to see close below neckline. Starting with small trade, after daily close below neckline I will add something.

itaskar

Neckline broken, go long or wait for neckline retest. Adjust stop loss to your trading criteria. My SL will be half way of target to get 1:2 RR. Weekly bull engulfing is supporting long, daily close above neckline as well.

itaskar

Expanding triangle looks to be completed, Spinning tops at 0.50 retrace, second one engulfed prior one and closed below. Expecting continuation of major bear trend. Close above spinning tops will invalidate this setup, next resist-prior high. 240 - resist area covered with reversing patterns:

itaskar

watch neckline for sell signals Stoploss then above sell signal. Lots of support zones ahead but daily shooting star and bearish engulfing are showing sellers power/broken daily 200MA.

itaskar

few bull patterns at support, stochastic in oversold area, possible move up. possible cup with handle pattern in weekly, Retest after pattern break with nice morning star pattern

itaskar

Nice builded res area, 50 pips stop, blended candle of last reversing pattern is shooting star. Stochastic is heading down from overbought area. Daily close above 96.80 will invalidate bearish bias and will open the door to 99.00 area(rectangle hight).

itaskar

update: in comments price broke rectangle, wait for reaction after break, watch if support will turn to resistance. Stop is the half way of 1st target to get 1:2 RR. In 240 price broke ascending wedge:

itaskar

resistance can turn to support, price is in 50percent retrace area from the whole move up. Stochastic in oversold area. Morning star in 240:

itaskar

daily doji after downmove created in support area, Price broke this support but cant hold there, buyers are stepping in, sellers are not in control now, Indecision(doji) at support area gives potential for upmove. Stochastic in oversold area. Bullish outlook will be invalidated after close below doji. 1st target 50percent retrace from downmove 2nd target recent high