Nothing is certain as for now even when the price has broke the minor correction's structure, price may pullback from the weekly & daily trendline. We need to see what it will do at the key resistant trendline Overall market is still in bullish movement and favorable entry point would be at the breakout of the trendline and after the correction has been made *...
From Higher TF (Weekly & Daily), price remain bullish and now in it's correction phase. I use the resistant trendline to measure the breakout and as an entry point for Long position. However we need to also respect a continuation for bearish movement in lower TF (1 Hour) as price is potentially forming a double top formation which indicate a bearish...
On higher TF (Monthly and Weekly) price is in correction phase after previous massive rally. On Daily TF, u can see a rising wedge pattern which potentially indicate a bearish movement On 4 & 3 Hours TF u can see a breakout of Daily/Weekly trendline. Would love to see a clear correction structure before taking a short position * Key is to wait for price action...
From Higher TF (Weekly & Daily), price remain bullish and now in it's correction phase. I use the resistant trendline to measure the breakout and as an entry point for Long position. However we need to also respect a continuation for bearish movement in lower TF (1 Hour) as price is potentially forming a double top formation which indicate a bearish...
Could probably HnS forming on Daily and 4H TF
Price break the major support trendline and probably heading for retest at the breakout
Looks like forming of inverted HnS on Daily and H4 TF.. and i would like to see clear correction structure before placing any trade
I can see the price is in Bullish momentum Either price do a correction first before it breaks the trendline or it break the trendline first and do the correction to continue bullish momentum
I can only wait to see whether the price still continue to make bullish move or to break the support trendline to form HnS
What can we see on Daily and 4H timeframe analysis: 1. Daily: Would love to see a complete correction at least at 50% fibo line which inline with the resistant area 2. 4H: Possibly an inverted HnS pattern would likely form and heading towards the resistant area Idea for entry : a. Go long at the breakout of the trendline or the neckline of HnS b. Wait at the...
What can we see Weekly, Daily and 4H timeframe analysis: 1. Weekly: I would love to see a complete correction process at least at 61% 2. Daily: It appears to be a consistent in making a LH & LL 3. 4H: Looks like it appear to be a bearish flag pattern Ideas for entry: 1. Short entry at the break of the 1st minor support trendline OR 2. Short entry at the break...
What can we see Weekly, Daily and 4H timeframe analysis: 1. Weekly: long wick rejection from the key support area 2. Daily: 'W' or Double bottom formation heading towards the neckline 3. 4H: Break of the resistant trendline and heading towards minor resistant highlighted in blue Ideas for entry: 1. Possible long entry at the break of the minor resistant area...
Price already broke two previous support and now heading for a correction process. Shall wait for the price action at 61.8% or may retest at 38.2% in case it break above the recent previous support * Trade at your own risk and best to wait for price action before take any position
Price already broke the previous support and now heading for correction process. It would be best if the price retest at the previous key area which happen to be at 50% fibo line and MA50 line up perfectly * Trade at your own risk and best to wait for price action before take any position
Daily TF: Price closed above SMA14 4H TF: Cleary see a falling wedge pattern along with double bottom ('W') formation which potentially indicate the uptrend movement 1H TF: Price clearly break the minor resistant trendline * Trade at your own risk and best to wait for price action before take any position
What confluence can we get from Weekly, Daily & 4h timeframe? All are in heavily bearish momentum Expecting the price to do some correction this week and only interested to look for Short position if it reach the fibo line with several confirmations The bearish movement may have it momentum till 1.16003 based on analysis on weekly timeframe
What info can we get from Daily and 4H chart analysis: 1. Price break the support trendline and 3 key areas 2. Im hoping to see a retracement level at the 3rd key area which will be a perfect place for reentry position 3. Price would possibly continue with bearish momentum till it reach a key support area at 1.19628 * its best to look for the price action at...
What info can we get from Daily and 4H chart analysis: 1. Price broke the major resistant trendline 2. Price make a pullback and retrace at 38% fibo level 3. Price possibly continue with bearish momentum until it reach the major support trendline 4. Price could possibly heading for the 2nd key support level marked at 144.636 * its best to look for the price...