UnknownUnicorn3974120

UnknownUnicorn3974120 Updated 

Daily: - price is at descending trend line resistance. - price near structure and top of channel - RSI is making downward trend. 4hr. - Butterfly pattern evident. - only concern is 707 ratio should be 786. - look for break out of 1 hour or small time frame or reversal candle stick. - RSI is currently overbought on smaller time frames. Smaller time frames -...

UnknownUnicorn3974120

Daily - main price trend is bearish - see Blue line - this pattern is a sell at the D completion point. - this coincides with the trend line. - RSI at 70 level so expect a shift downwards even though RSI is still in general upward direction. 4hr - price at structural resistance. - price has formed Bat - RSI is majorly overbought. - confluence from 1.61.8 and...

UnknownUnicorn3974120 Updated 

From the chart, price has formed complementing gartley patterns. Gartleys are common Harmonic patterns. I would like to see a break out and retest of the trend line before entering. Or a very strong rejection candlestick The chart depicts expected price movements.

UnknownUnicorn3974120 Updated 

Closely aligned Bat pattern. Waiting for break out trend line before entering. Entering on a small time frame should help reduce the risk reward.

UnknownUnicorn3974120

Price has completed ABCD Strong divergence on RSI Waiting for entry in 15mins chart.

UnknownUnicorn3974120 Updated 

I have identified a potential bearish bat harmonic pattern. This pattern is round just under the major descending trendline. There is structural resistance above the price as indicated by the yellow box. I have a small minor trendline drawn on the chart, once that trend line has broken then it is a good sell indicatiors. The RSI is overbought with the 4hr...

UnknownUnicorn3974120 Updated 

Price has stalled around the 1.31600 level again. As you can see there is strong structural resistance. There are two plays in mind, 1) A break through this resistance line, small retest and continual bearish movement. 2) A rebound from this line, and a bullish momemtum. I have marked a minor trend line on the 15minute chart for a tight entry....

UnknownUnicorn3974120 Updated 

Price is forming a small downwards trend to a pre-existing major ascending trend line. The minor small pink trend line has a bearish bar forming outside. RSI is close to the over bought. I would like to sell the position down to the trend line. The projection of the trend line coincides with numerous levels of Fibonacci confluence.

UnknownUnicorn3974120 Updated 

Price has rejected the 61.8 level again from this price. I have gone to the 15min chart and placed a minor trend line. When this is broken and price closes below this is a good sell opportunity This has the potential to form a double top

UnknownUnicorn3974120 Updated 

This pattern has formed by retesting the top of the descending trend line. Price is around a Large round number (120.00) I expect a bit more retesting here before a bullish move upwards. Risk reward ration is 1:3.5 (15pips is approx loss) A good bullish candle closing above the line is required.

UnknownUnicorn3974120 Updated 

Price has broken out of the trend line and has now come to retest the original trend line. Price is at 38.2 level forming a nice rejection bar. Could be a good risk reward ratio.

UnknownUnicorn3974120 Updated 

Price has broken through a triangle. Normal expectations is for price to retest the structure. This is where fibonnaci retracement is useful RSI is in the overbought territory as well.

UnknownUnicorn3974120 Updated 

Price is currently in an ascending trend line. It was near a retest of the trend line but the 61.8 line had more support. There is strong divergence on the RSI. Tweezer bottom rejection of the 61,8 line in the 1 hour chart. Note, daily daily RSI is in over bought territory. If price fails to break the pink minor trend line (my entry as I missed earlier)...

UnknownUnicorn3974120 Updated 

Price rejected the trend line and 1.27 extension of previous large swing. Price has also found itself at a large round number, I would like to see price break through the green trend line and retest before entering.

UnknownUnicorn3974120 Updated 

4Hr chart has a strong and clear divergence on RSI The RSI is overbought on most time frames. Pirce has found itself at an area of structural resistance. A small trade could be entered to ride the price down. The 1 hour chart shows a bearish candle forming outside the trendline . My preference is to wait until the lower trend line is broken then price should...

UnknownUnicorn3974120 Updated 

Price has formed an ascending wedge on this pair. The price has rejected the Fib 50 level. Price has fallen below the trend line. I would like to see a retest on the smaller time frames before entering sell. The price has made a strong bearish candlestick Also there is a bit of structure on the 38.2 level.

UnknownUnicorn3974120 Updated 

to the left of the chart based on the 4 hours is a clear wedge / triangle pattern. Price has retested this in the form a 61.8 retracement. The overall weekly trend is bearish so this helps as price will go bearish. It is now at the 61.8 level so a nice pure pattern. A trend line break out on the smaller time frame using a reversal candlestick plus divergence...

UnknownUnicorn3974120 Updated 

The pair has made a nice 61.8 pattern with price now at a previous level of strong structural resistance. Price is in the process of making a reversal pin bar signifying a change of trend. Couple this with other confluences if so required for a potentially profitable trade. Entry point could be a break out on a minor time frame.