after a bounce from the larger weekly structure and the bullish intent , looking long on this pair after bull flag outbreak confirmed. looking for around 115 pips to first target after that we shall about extended targets if possible. See what the market gives us next week.
Knowing the market moves in impulses and corrections and knowing the market cycle this pattern on the daily time frame looks so obvious for the selling opportunities to come. bearish divergence on the rsi lage bearish engulfing candle indicating were expecting to see the market move lower.
we have a huge outer structure on this pair overall a bearish pattern but like i say, HUGE. so looking at most recent price action i will be looking for this to retrace and i will be looking to take this long if entry rules met. After the long tail on the daily time frame coming off the trend line this will suggest more buying power into this market so after a...
no uptrend yet confirmed so more selling pressure to come. The larger Daily / weekly structures would indicate more to the selling side of things so i expect that to play out considering the last daily candle id expect a pull back to come and again another wave of selling pressure.
Both set ups are currently on the table and valid either way you look at it. still in the down trend but for me the reversal isnt quite yet confirmed even though we have had buying pressure from a support / resistance zone. If we reach this level with the yellow box we could see this area tested a few times before the market falling lower to yet another support\...
Looking more towards a sell on this pair possibly looking to come down and retest several zones. Daily bearish divergence we also had a break and close situation with a retest happen followed by the latest daily bearish engulfing candle. looking to sell this down to at least the trend line and see what the market offers us if we stay in or not to hold it down as...
After seeing the channel break and a retest of the trend line ending up with that hammer candle indicating more selling to come. Rsi divergence highlighted indicating a selling market.
With a few things heading for the same outcome we may have had people selling from the double top on the right shoulder but if the neckline is broken and re tested then expect more selling pressure to come into the markets. I expect this to come down and reach weekly lows as my level is noted on the screen and i think we may see this happen next week. Support and...
larger structure is bearish, smaller time frame presents a triple top retest. selling and also once the trend line is broken more momentum will join the markets
618 fib bounce. bearish overall trend. previous support becoming resistance highlighted in the blue box. break of the reversal pattern followed by small correction on smaller time frame. first targets looking for the bottom of the pattern with possible extended targets if all goes well
with a larger outer structure broken bullish as we would of expected we have formed a lovely reversal pattern here at a support / resistance area looking to get into this trade long.
inverse head and shoulders also looking to be supported by the 100 moving average for a move to the upside.
From what i can see we have simply had a previous impulse, followed by now our correction phase. from previous swing high to swing low our correction phase is looking to bounce from the 50% fib which also lines up with our triple top reversal and also a previous support line looking to become a resistance area highlighted in the green box with the blue line within...