15M Timeframe: After looking at support and resistance levels as well as the RSI, I have concluded that this pair has entered a down trend. A pennant pattern is being formed, and once price breaks out I will be looking to sell, and close my position at the two support levels shown
Look how price broke this descending trend line made, made a top, then retraced right back to the line, using it as support. A new high has been made (a) and I am now waiting for a retracement to buy
The price has been in a down trend, and just made a new high. There is a triangle pattern being formed, and if the price fails to make a new high, it could drop for a brief period
There are quite a few ways this chart can go. Right now I am looking for a close below the nearest structure at 1.4551. If the price puts in a lower close I will put two short orders in and sell at two lower support levels. I will also be trailing my stop. Looking forward a little into the future, if the price hits the .786 retracement I will be looking to put in...
There is a lot going on in this chart that lead me to reason that the price is going to move down. We will start off by saying the 4h chart had been bearish for a little while before making a double top on July 11th. We then see the price make a lower low followed by a lower high. We can also see RSI divergence here and back at the double top. We can also note...
There is a lot going on in this chart that lead me to reason that the price is going to move down. We will start off by saying the 4h chart had been bearish for a little while before making a double top on July 11th. We then see the price make a lower low followed by a lower high. We can also see RSI divergence here and back at the double top. We can also note...
