Here on Nzdusd we can see that on the 15min time frame price has formed a triple top. Price also struggles to break our previous resistance level and the descending trend line. Both moving averages are also bearish so we can see that bears currently have control of the market. On the 1 hour time frame price is also currently forming lower lows and lower highs and...
Here on the 15 min time frame on Eurusd price has formed an ascending wedge pattern and once price broke out of that pattern we see a strong resistance form just below the grey rectangle, we also had one false break out before price continued to drop. Both of our moving averages have also crossed over to the downside showing us that momentum is currently bearish.
Here we have a descending trendline which price has respected, one previous breakout occurred however it was a fake breakout. We are also seeing lower highs and lower lows forming with price currently making a new lower low at a previous resistance level at - 0.69200 and this is where price began to become bullish and our moving averages were also bullish on the...
Here on Eurjpy we have a price breaking through and retesting our Trend line. Both Moving averages show that price is bullish. Price action shows buyers are gaining more strength in the market. We previously had seen Liquidity to the downside and now bulls are regaining strength and i believe price will reach previous highs at - 130.000.
Long on GbpUsd. Price has formed a BULLISH FLAG PATTERN and perfectly rejected our 0.618 Fibonacci Retracement. Bullish pin bar formed on the 0.618 which shows bulls are taking control.
bounce of the 61.8 Fib retracement. double top formed. price action shows price is losing strength and bears are entering the market.
Inverse head and shoulders pattern with break of the neckline and a retest. SMA & EMA are both bullish. strong bullish candles indicating pressure to the upside.
On the 4H TF we have GBPCAD which has formed a BEAR FLAG which in confluence also links up and happens to have multiple bounces off a strong resistance level. multiple confluences on the lower time frames such as a double top on the 1H TF also indicate that the bears are entering the market. We also have a evening star pattern formed on the 1h.
strong resistance and areas where price has struggled to break through Bounces of the 0.618 FIB RETRACEMENT for extra confirmation. Double Top on the 1H Time Frame.