QSVentures

QSVentures

I took some of the countertrend before it continued on the trend, which I saw happening on the MONTHLY a few weeks ago off a butterfly pattern. It would be fine to just treat it as an upward trending BUY on a 4HR interval that still has room for at least 30 pips considering the RSI.

QSVentures

I caught a bearish bat pattern on the 15 minute. The RSI indicates it is overbought and that big pinkish zone you see there in the background is a resistance zone on the 4HR or DAILY. Regardless, it's in a major resistance zone, overbought and formed a bat pattern. Place Target 1 at the .382 of the a:d retracement.

QSVentures

I believe the price with drop hereof this line of resistance. I just don't know if it really has a chance of hitting target.

QSVentures

I believe the price is overbought according to the RSI at a resistance zone on the 1HR. With this bearish engulfing candle, it looks like a good opportunity to put in a sell entry with a first Take Profit (T1.). If the price goes the way I predict, it can possibly go even further to a second Take Profit.

QSVentures

I see a cypher pattern here on the 1HR for a possible sell entry. The RSI indicates it is overbought at this point. If it retraces and comes back with a sell entry without closing above the black dotted line of resistance, then the entry may be different but take and stop are the same.

QSVentures

It may be in an uptrend, according to the DAILY chart but it seems to be consolidating on the 15 and 5 intervals where the analysis was made. If it is consolidating, it will be dropping some. The double top off of the resistance zone and the overbought RSI were also good indicators.

QSVentures

I have reasons to believe that a gain of 16 pips can be acquired off a drop as I analyzed on the 5 min interval. It's already in a down trend, there was a double tap off resistance zone and there were not any key levels of structure in recent past that can serve as an obstacle for this 16 pip drop. Now the RSI is at the midway point and shows there is plenty of...

QSVentures

My apologies for the lateness. I was switching browsers and something went wrong. I was wrong on the last post in regard to position but I still believe it is bearish. This time with a reevaluated position, I still see the price heading in the same bearish direction, maybe even to the original target I predicted for the last one I published. Also, the overbought...

QSVentures

I believe there will be at least a 14 point drop in this trade off resistance which is down trending on a the 5 minute and Daily. The RSI is oversold but it still has enough wiggle room to reach target, if price can drop past that Support Zone.