betanajc

betanajc Updated 

Overall market trend: Bearish - Confluence of trendline, H4 resistance, and 38.2 Fib showing possible bearish setup - Price will either 1) Break through confluence and head to extension 61.8 2) Confirm formation of moolah with candlestick pattern 3) Just consolidate We play the waiting game now

betanajc

Analysis for USDJPY - On the daily we saw price retrace to the 61.8 Fib level - Current momentum is still bullish although it's broken past two major trendlines signaling a bearish turn - RSI and price action will confirm the above statement - However there are currently no setups to be seen - ADX indicates price to be in a bullish momentum and consolidation...

betanajc

One of my projects for TA is to find market patterns before reversals in order to familiarize myself with them. Quite the doozy!

betanajc

A little backtesting + AD- & ADI bearish signal + 38.2 Fibonacci retracement + Bearish engulfing + A little convoluted trendline + Price tested supply zone of previous bearish landslide + Price tested H4 resistance + 5-MA grabs price before dropping

betanajc Updated 

Potential long play! 1) Descending triangle 2) RSI divergence 3) ADX +25, ADI+ ~20/50 zone Might form: 1) Wammie Waiting for confirmation

betanajc Updated 

Too late for this bad boy!