Sorry for compressing bars so small, but wanted show these probabilities of the flag breaking to the downside because of gravity pulling it to a not so far to the double bottom zone but this can be viewed clearly on the 4hr chart, the buildup of the W formation.
Hello traders!! This pair has been in a reversal and heading into to a strong structure of resistance, which maybe a possible correction to the downside, which most traders have been expecting, but we will have to see how price react to that zone.
Hello traders, i have been looking at this EURNZD pair. It has been in a sharp uptrend for a while, but at the moment it looks like its losing a bit of strength and RSI is showing negative divergence.. Maybe the price may look to retrace or range with that box and maybe even break the trendline to the downside or seek support on it and mover further forward going...
This is a bearish Gartley pattern, if i am not mistaken. I am waiting for the completion of the pattern at D to go short. Please comment on my first attempt of the pattern, to see if im heading in the correct trajectory
EURUSD is in a downtrend, and has been in a retracement into equilibrium. The two white boxes are the possible zones in which price can retrace to. The 38.2 fib zone is in confluence with the kumo flat bottom, which depicts a strong resistant level. I can also see a possible bearish head and shoulders pattern forming. If price can break the first trend line then...
Hello traders. Price on the daily chart is coming a to a possible double top zone. Be aware of this area if you are in a long position. Price might retrace when it gets to this level, as we can see that price has been heading up for 24 days.
Hello traders. looking at the NAS100. I looked at the market structure, i saw a pennant pattern, and price was able to break below this structure. But i drew a horizontal kijun line of the daily time frame which is a few pips away from the weekly pivot S1, and if it can break below the S1 and Kijun level, i would be going short. Please comment so i can see if my...
Hello traders, i know this is a bit late but how i entered was i drew a triangle pattern and then waited for a break of it but was weary of the R1 pivot level, but after the price closed above the R1 level i entered. Im in profit. Thank you
Hello traders. I entered short on this pair at the 1.09798 area because i saw pin bar setup at the cloud resistance, and it did fall 100 pips or so but i was stopped out at the 1.08820 because i was moving my stop loss following the move. After the pair retraced a few candles,i drew my fibs and what i noticed was that price bounced of 0.236 area four times and i...