short bias: -monthly turn at premium discount zone(o.5-0.618 fib) -weekly double top(not 100% but it looks like) -daily 2nd top is a triple top Short from 4h Premium discount zone
long bias: -fake out -trend -fundamentals -technicals(>4h) short bias: -monthly trend is above 0.618 fib -monthly descending triangle
As there is a crazy ass H&S on Daily timeframe, we have been expecting a short for quite a while. Now we had are retest and started tranding down. My opinion is that its gonna retest the 1.35 as it is the neckline and one of the strongest res./supp. of the H&S. but from there definitely sell. (OFC there were opportunities before to enter...)
Nas is in a downtrend. -H&S at the moment at neck area at the moment. -At the previous monthly high(very strong resistance) I would look for a short from here till the areas i highlighted.
4 hourly chart for my previous nas analisys. why i would buy: 1, 4 h chouch 2, Retrecment needed for the Weekly why i would sell: 1, still a downtrend on a monthly 2, crazy huge FVG needs to filled on a monthly...
why i would buy: 1, 4 h chouch 2, Retrecment needed for the Weekly why i would sell: 1, still a downtrend on a monthly 2, crazy huge FVG needs to filled on a monthly...
So the reason main reason i think it`s gonna reverse: 1, its on a downtrend 2, H&S pattern 3. Soon at a daily PDZ 4. Soon at a 1h orderblock 5, 4h stoch almost overbought (I would wait till 1 h will be overbought too) Why i dont think its goona reverse from the weekly PDZ: 1, At H&S its not very common to have one shoulder with DT. (But thats still a...
There is a strong downtrend on the Daily, but there was a double bottom on 4h and after that a Change of charachter(Choch) after it has left the neckline of the DB. So there is a chance of an uptrend and also a downtrend. Retreacment and FVG needs to be filled so i am quite sure of that move, but the rest is mistery...
USDCAD 1, Bullish divergence 1h 2, other options are that it will make either a H&S or a DT and than descending...
My preconception is that USDCAD needs a retreacment before it can get back to the base of the H&S: 1, There is a huge FVG to be filled 2, RSI+Stoch oversold (hidden RSI bullish div.) I would bet on the price going back till 1.346 Cause its FIB 61.2 + orderblock than all the way down to the bottom of the H&S 1.3
There is a Double Bottom on the 4 hour /1 day So I expect an uptrend, but for now sell cause 1, Retreacment is really needed far from the VWAP 2, Oversold RSI+Stoch(1h+4h) 3, RSI+Stoch bearish divergence(1h+4h) 4, Expect to Retreace till 11000 monthly resistance+it will fill FGV.+ Close Fib 38.2(Could be 11350 that Fib 50 )
I would go short after seeing a reverseal pattern (preferebly 1h but 15m or 5m on agressive entry) on EURUSD just after market open cause: 1. RSI a, oversold 1h 4h b, divergence on the 1h 4h 2. Stoch is also oversold on 1h, 4h, Daily 3. It is in a bearish daily and also in the bearish 4h ordeblock 4. It has already started making a reverseal pattern 5. It...