Head and Shoulder retesting neckline we should see a quick sell for 250mpips
INVERTED HEAD AND SHOULDER BREAK OF NECKLINE RETEST RETEST AT 50-61.8 FIB RETRACEMENT LEVEL AT MAJOR HORIZONTAL SUPPORT LINE
TRIPLE TOP REJECTING OFF STRONG RESISTANCE RSI DIVERGENCE SHOWING OVERBOUGHT. SELLERS GROWING STRONGER MORNING STAR CANDLE PATTERN FORMING. INDICATING PRICE REVERSAL
Price Trap Potential morning star indicating reversal
Triple Bottom Rejecting off Support RSI Divergence showing price is oversold. Buyers are getting stronger 1hr Evening Star on third bottom
head and shoulder break of neckline break of uptrend support break of major support/ previous resistance RSI Showing divergence Rejecting off MA 200 4hr TF Broke 15min MA 200
WE NOTICE NZDCAD HAS BEEN ON A STRONG BULL BUT WE CAN SPOT A POSSIBLE REVERSAL PATTERN. HEAD AND SHOULDER. RSI SHOWING STRONG DIVERGENCE ON THE DAILY TF ITS MID WEEK, WE TYPICALLY SEE PRICE TREND REVERSALS DURING THIS TIME OF THE WEEK. I AM AIMING TO GET IN EARLY USING FIB ON THE POSSIBLE RIGHT SHOULDER. TAKE PROFIT MEASURED BY THE NECKLINE OF THE HEAD AND...
Simple Head and Shoulder Right shoulder rejecting off strong resistance getting in at the top of the right shoulder RSI Showing divergence Double top formation at the 1hr for the right shoulder
REVERSE HEAD AND SHOULDER HEAD IS REJECTING OFF MAJOR SUPPORT FROM THE UPTREND LINE 21/8 CROSSOVER, INDICATING A BUY OPPORTUNITY NOTICE WHILE IN THE TRADE IF IT BREAKS THE MAJOR RESISTANCE LINE (RED) WILL BE AN EXTRA CONFIRMATION THAT WE ARE GOING BULL
-PRICE TRAP -REJECTING OFF DOUBLE RESISTANCE 1) DOWNTREND RESISTANCE FROM BIGGER TIME FRAME 2) HORIZONTAL MAJOR RESISTANCE -REJECTING OFF PIVOT POINT -HITTING 50-61.8 ZONE USING FIBONACCI -REJECTING OFF MA200 ON 15 MIN TF -POSSIBLE EVENING STAR FORMATION AT THE TOP OF THE PRICE TRAP INDICATING PRICE SHOULD GO LOWER -RSI CONFIRMING PRICE IS GETTING WEAKER/ OVERBOUGHT
PENDING SELL OPPORTUNITY LOOKING AT A HEAD AND SHOULDER MARKET PATTERN **WAITING FOR PRICE TO BREAK NECKLINE** REJECTING OFF STRONG RESISTANCE USING 21/8 MA/EMA CROSSOVER RSI SHOWING DIVERGENCE, PRICE IS OVERBOUGHT GETTING WEAKER DAILY CANDLE STICK PATTERN EVENING STAR
PRICE TRAP. HITTING FIB 50-61.8 ZONE REJECTING OFF STRONG SUPPORT EVENING STAR CANDLE PATTERN
CHECK ON MY NOTES IN MY ANALYSIS. LOOKING AT A SUMPLE FIB CONFIRMATION. DOUBLE TOP PATTERN. LOOKING AT A NICE DAY TRADE SET UP AND A POSSIBLE LONGER TERM ON THE RIGHT.
WE SEE IT HITTING MA200 ONE OF THE RESPECTED MA INDICATORS WE ALSO SEE IT CREATED A HL CONFIRMING THE POSSIBLE CONTINUATION OF AN UPTREND FIB HIT 50-61.8 ZONE PRICE HITTING UPTREND SUPPORT PRICE HITTING MAJOR SUPPORT PREVIOUS RESISTANCE RSI SHOWING DIVERGENCE. OVERSOLD MULTIPLE CONFIRMATIONS FOR A BUY SL IS AT ABOUT 95PIPS. I ALWAYS TRY TO DO A 1:2 RISK/REWARD...
LEAVE A COMMENT ON WHAT YOU GUY'S THINK EURUSD WILL BE DOING THIS WEEK
EVEN THOUGH WE CAN SEE EURUSD WILL POSSIBLY BE MAKING A BIGGER SELL MOVEMENT LATER ON WE CAN ALWAYS TRY AND CATCH 200MPIPS=20 PIPS WHEN WE SEE AN OPPORTUNITY HERE I CAN SEE A HEAD AND SHOULDER FORMING. I OPEN A SELL ON THE RIGHT SHOULDER AIMING TO TAKE PROFIT NEAR THE NECKLINE OR CLOSEST STRONG SUPPORT. I ALSO SEE A BEARISH ENGULFISH CANDLE INDICATING IT WILL BE...
MARKET PATTERN: DOUBLE TOP FIB: HITTING 50-61.8 ZONE REJECTING OFF MA200 21/8 SHOWING SELL ON THE DAILY TF EVENING STAR PATTERN POSSIBLY FORMED ON THE DAILY BREAKING THE UPTREND SUPPORT LINE WE AIM TO TAKE PROFIT AROUND THE AREA WE PROJECT THE PRICE TO DROP FROM THE DOUBLE TOP FORMATION SUGGESTED 2 TAKE PROFIT ZONES (GREEN LINES)