Simple as that, winner or loser, if you see bearish pattern forming into the resistance zone, you take the trade.
This setup looks nice, I expect at least a pull back to the trend line.
I think it's a risky trade, but there is a possibility to fill 38.2 This week is full of high impact news so anything is possible, trade carefully guys.
- On higher time frame we are coming for (z) in a 5 wave move. - Price is sitting on trend line. - (x) to (y) holding on 61.8 fib zone. - Five wave "Ending diagonal" on 1H time frame is completed. - Huge bullish divergence on 1H. - Stoch. on 4H time frame is crossing. ***There is a possibility to go for a cypher pattern and then go up.
Hello guys! We have a Bearish Cypher on AUD/NZD, it is almost completed. - Bearish Cypher. - Monthly and Weekly Pivots are in our favor. - Stochastics on Daily time frame are crossing. - On 1H time frame we have something like ending diagonal and now it is in its last 5th move with huge bearish divergence. - Canddle formation looks very bearish. Stop loss -...
USDCAD gave us a cypher pattern. Oversold on RSI Divergence on smaller time frames for the up side Forming hammer on daily trendline. Stop loss should be under the X wawe. Target 1 - 1.33050 Target 2 - 1.34102
We got a small risk trade here.
In my opinion it will go up, sooner or later.
Two ways are possible now, I think it will go up but Im not 100% sure, so I will wait a little bit more to find out.
Its in correction right now, wait for breakout before buying.
Very likely it will happen for the third time, if it breaks to the down side, sell it.
Both ways are very possible, lets wait for clear setup.
Wait for clear correction, sell only after breakout to the down side.
Something like that is coming.
Let's wait and watch closely witch way it is going to choose.
It's in correction on weekly, I think it will fall to retest the support line.
I think something like this is coming, sell only after breakout to the down side.