UnknownUnicorn3974120

UnknownUnicorn3974120

Scenario 1 4hr ABCD pattern is formed at has tested the 1.272 level. RSI is generally in uptrend. I expect another retest of this the yellow box before making a bullish move. Price action is painting a bearish candlestick. Daily. There is a Bat pattern in formation. Currently price is on the CD leg. I expext price will retrace from within this 618 ABCD pattern...

UnknownUnicorn3974120

Synopsis Price is going to retrace back to the trendline. From there it will bounce up starting a bullish movement. Daily Rejection candlestick formed in line with 618 level. RSI 4hr Price has broken out of descending trendline. Currently sitting at 1.272 extension level. Rejection candle stick formed. Expect price to retrace to 618 level. Which coincides...

UnknownUnicorn3974120

Price has broken out of the trendline retesting 61.8 level. Spinning top is forming. Expect bullish movement. RSI is bullish with ascending TL. Price is sitting aroung 38 level and higher (indicates buying zone)

UnknownUnicorn3974120

The daily chart is showing a clear head and shoulders pattern Price is static around the 0.68400 area. A clear break below the neck line would be a good entry on a smaller time frame. Expect price to retest before continuing down Note, the Daily RSI is still a bullish trend. I would like to see the bright green trend line broken first. The 4hr RSI has a...

UnknownUnicorn3974120

Daily pin bar close rejected the the trend line and the fib 50. I do note we have divergence forming which will signal a trend change soon. I will wait until this pin bar closes. It is currently forming a doji which indicates indecision in the market.

UnknownUnicorn3974120

Daily is at a 61.8 level of prevous move. Already rejected level one. Could have second test. Price is also coinciding with larger fib 50 swing Candle sticks are bearish so will expect further movement to downside. WIll wait and see.

UnknownUnicorn3974120

Price is pushing upwards to the 1.98 level. This coincides with a 1.272 extension of the previous move. When touches this are it is at a strong resistance zone. Therefore exprect price to go down. I will wait for candle stick closure before acting. There is a trendline breakout on the 1hr RSI, and the start of divergence forming.

UnknownUnicorn3974120

From the the daily Chart, the RSI is still bullish. It is trading above the 40 level and repeatedly exceeding 70. The start of this retracement move was signified by the rejection pin bar last week. There is a nice RSI trend line forming. I will wait and watch price hopefully retrace to the 61,8 region. There is pre-existing structure (recent and further...

UnknownUnicorn3974120 Updated 

Monthly - Respecting structure Weekly - Previous candlestick was Bullish Inverted Hammer. Daily - Trend line break out from previous leg. 4hr - RSI is still bullish 1 Hr - Price at strucutre - RSI is making bullish moves - Price at 70.7 level - Respecting minor uptrend line. Summary - Will wait for nice reversal candlestick before taking a position.

UnknownUnicorn3974120 Updated 

Weekly - main trend is downwards Daily - RSI is currently in buy range 4r - RSI is generally bullish range 1hr - RSI is not so good currently - price is printing a potential head and shoulders - this could invalidate set up Summary 2 out comes given. Will wait and see.

UnknownUnicorn3974120

Weekly - recent price movements bearish - RSI bearish Daily - Price has some structure - broken through 61.8 level - RSI in sell range 4hr 1hr - At 1.272 level - Retrace to structure before resuming downward leg - RSI is over sold

UnknownUnicorn3974120 Updated 

Daily - RSI has overbought divergence - RSI trend broken out of ascending TL - Rejection wick close to 78.6 - New bar already bearish. 4hr - RSI making lower lows. - Price clearly broken out of trend line. 1hr - Again, brooke and close from TL - RSI downward trend not at over sold region Summary Bearish trade until completion of pattern

UnknownUnicorn3974120 Updated 

Weekly - downtrend - price at 61.8 of previous swing - and at 50 of 2nd swing Daily - Divergence from RSi - Not broken out of ascending RSI trend line 4hr - RSI divergence 1hr - RSI is in sell ranges now. - Price broken out of trend line. Numerous rejection wicks 15mins - Clearer - price is making lower Highs all the time - rejected and respected broken...

UnknownUnicorn3974120

Weekly - price is bearish Daily - Price in uptrend - RSI in up trend - strong structure at 1st TP. 4hr - Structure marked - Forming triangle - RSI is bullish - price is bullish 1hr - price at 78.6 retracement - RSI is bullish - price is bullish - respecting trendline Further considerations - Whilst price may make small bullish move to structure I will be...

UnknownUnicorn3974120 Updated 

This pair is forming a Triangle on the 4 hour chart. With these types of triangles price can break out either direction. Therefore, I will sit and wait. We must wait for a good break out and re test. Previously another pair formed a triangle, broke out and shot up opposite to the break out. The daily chart is showing RSI is moving to the lower range for...

UnknownUnicorn3974120 Updated 

Daily - price trend was bearish now at point of structural resistance - rejection pin bar is forming on Daily at structure 1 Hr - price is consolidation around structure level. - minor trend line in pink drawn, await break out of trend line. - 1 hr RSI is showing bearish movement.

UnknownUnicorn3974120 Updated 

Price is near 78.6 retracement. Close by are other areas of fibo confluence Yellow box indicates structure Price has just broken out of minor pink trend line. A retest would be ideal. Red line is strong ascending trend line resistance which price is touching. Majorly strong divergence on RSI> On small time frame 15mins - entry looks to be 1.04120 with about 30...

UnknownUnicorn3974120 Updated 

As mentioned in previous posting, this is an ABCD pattern from C. Price is steadily making a bullish move. Price is currently moving within a parallel channel. Forming two spinning tops at the top between Fibonacci inversion levels of 1.414 and 1.272. Retrace to structure at FIb 50 of the move before continuing upwards. RSI on daily and 4 hour is in the over...