Based on last week's candle close. We should expect some shorting for the week. From an intraday viewpoint the blue lines when they get broken by body candles(not wicks), I will use them as resistance areas to take more shorts.
Extreme targets if one gets good entries and protects them will be by the pink line which is a daily level...or if it turns out to be a...
We also have this setup on H4 resembling an inverse H&S. I will see if they hang around there during the data release. Might be worth using for a buy...only if lower timeframe offers a hint. Otherwise I might ignore if there is no confirmation in the zone.
Silent
Based on July's closing, I am expecting some bearish movement coming from close to the high of the July candle. On lowertimeframes I have already seen hints of a potential bear move. They projection is uncertain but lets see what they cook...
Silent
From a straight forward technical analysis, the resistance that we have been fighting is a weekly area, but the direction is still strongly on the bullish side.
Keep it simple so you can get your job done faster.
Silent
Hi traders and investors, this is a follow-up to my last week's analysis. Hope you caught something and let's see what the rest of the week is cooking.
Stay cool...
Silent
The last resistance they took out should be our area of focus for the upcoming pullback to buy. When it comes? Not sure but I will be waiting for it...
Hi traders, thank you for stopping by my analysis. Please have a look and see if it resonates with your viewpoint. As a speculator, this is my naked chart technical viewpoint just using basic candlestick patterns, support and resistance etc.
Follow me and let me know what we should look at next week. If it has a chart I will look at it...
Silent
I wouldn't bet on bulls this week...hehe
The weekly time-frame pullback trip seems to have completed last week. Time to simmer back down to the 130s
Keep it simple...
