I have posted about this in my previous idea on 22nd of June saying there is a Head and Shoulders pattern on the 4H timeframe. Now price is breaking the neckline to complete the head and shoulders formation. Now is the time to sell at the close of the current candle.We also have RSI divergence giving extra confluence. I believe we don't need this large stop loss...
There is a head and shoulders pattern on the 4H timeframe on GBPCHF that has formed at a resistance level and now starting to show weakness as the uptrend runs out of steam.However I strongly recommend waiting for the neck line to be broken first and then enter a short trade.Also another confluence for this trade is the RSI divergence suggesting a downtrend.The...
There is a bullish flag on Bitcoin Daily timeframe currently and I am expecting a bullish trend once we break out of the falg around the 27200 region.The first target is the 30k swing high and the second big target is around the 36k.
There is also the long term bullish trendline so it is long term bullish and I will buy once we break the trendline and the minor...
Bitcoin is currently Bullish as it is breaking out of the daily downtrend channel in a big bullish candle.I think it will continue to 30k as the first target and then to 35k.Also there is a change of structure as it is breaking the previous lower highs and going higher.
This is not a financial advice.
Unfortunately The trade I published yesterday did not go in our favour and it hit our stop loss.But I think there is another opportunity now to go short for a better R:R.We are picking up momentum and moving away from the resistance level.So I still think USDJPY will go down.I have set my stop loss at the recent swing high and my take profit at a recent support...
On the 1 hour timeframe USDJPY has shifted from making higher highs and higher lows to barely making any higher highs and now broke the recent swing high.It also found resistance at an important level and made fake higher highs which immediately reversed.The uptrend has ran out of steam and a new downtrend has started.I believe it now a good time to take a short...
