


GeorgeMendez
Waiting on these setups for a Confirmation to sell based on my daily analysis.
Looking at the Monthly/Weekly Time Frame I see nothing but bearish movements. Therefore I'm looking for short setups. Here I see a symmetrical descending triangle. respected the trendlines perfectly & its on 38.2& retracement level on the monthly chart. We also see a nice double top on the H4 chart.
Based on my daily analysis, I am looking for a long term short. this was a nice setup on the H4 chart for me me to take the sell. A nice head and shoulder pattern hitting the 50% retracement level.
It is now officially a Head&Shoulder pattern with a double bottom as the head. Looking for an entry on the neckline (Support Line) of the Head&Shoulder @ the 38.2%/50.0% Retracement Levels. It is also on a nice trendline, will it respect it? I'm confident it will. Will be keeping my eye on it.
This is my first time analyzing on a weekly chart, but I have a very good feeling this will be a bullish movement for a while. - Strong Resistance zone - 38.2% Level - Hammer Candle Stick Pattern on Daily - Inverse Head & Shoulder on H4 chart - Major oversold RSI on Daily
I don't do long term trades but they are always fun to analyze. My thoughts on GBP/USD Chart (Daily) - Hit major retracement levels - Descending Elliot Wave Triangle - Bearish engulfing Candle Stick on Daily - Double Top on H4 chart Let's see how it goes (The 2 arrows pointing down are my targets)
Selling EURJPY - Retested double top neckline - Bearish engulfing candle - 50% Retracement Level - Broke trendline
EURJPY Creating a descending triangle on a downtrend - Hit 38.2% Level - Hit Strong resistance - Shooting Star Formation
- Respected Trendline - 61.8% Retracement Level - Strong resistance - Creating Triple top on H1 chart - Divergence on H4 RSI - Overbought RSI D1 chart - Bearish Harmonic Bat Pattern How crazy would it be if price actually did this, I would feel like a god lol
- Respected Trendline - 61.8% Retracement Level - Strong resistance - Creating Triple top on H1 chart - Divergence on H4 RSI