The upward trend has been broken, so the price is expected to move downwards to the previous horizontal support.
The price created the same scenario which happened 2 months ago. The red line represent the market formation structure and the second line is cloned from the first line. Both are identical. Also the structure is connecting and reforming again. The previous support line became resist level on the previous trend. This all indicates that the price will create the...
This pair made a significant downwards movement and now its creating a little retracement. The price touched the 50% Andrew's Pitchfork. Now , the price started creating a large bearish bar which indicates downwards movement again. The high point of the retracement is connecting with previous support line from the previous broken up movement trend. Good luck...
The price should go down a little bit, but then there should be a great upper movement to the resist , previous trend support.
The price touched the resist level that has been continuing for a while. The RSI(14) is showing a large overbought condition.. Possible downwards movement to the resist, after breaking there should be more downwards movement ! Good luck
Setting the pitchfork and trend lines, we can see an opportunity for moving down. The price reached the resist zone after accumulation zone. This all indicates that the price should move downwards.
Pitchfork setup RSI(14) - oversold condition Possible upwards movement !
The pair is creating a strong triangle structure which will continue. The pair is going for a downwards movement . slowly but strong. After touching the support , i think that the price will start going upwards to the point were the previous big and strong resist line with the longer horizontal resist line which is very strong and respected for a while . Good luck...
The price created the same previous structure after which was created a big strong downwards movement. After the second same structure, the price created small bearish bar which may indicates same long big downwards movement to the support level. Good luck traders !
Few days ago, price tried to bounce back from the short time support level, but the momentum was cancelled by strong downwards movement. That may indicates that the price is going for the main support level. Overall we can see movement downwards in almost every GBP pair. The Brexist nowadays is in conclusion and the price may create a strong, very strong downwards...
The trend that had been respecting for a while is broken. The price tested the previous support line and there is a bearish bar that indicates next big downwards movement. I think this is a great sell opportunity. Please let me know your thinking about this !! Good luck traders, hope you have a good trading week !
The trend of this pair can be described with Pitchfork very well. The pair is continuing the trend that has been respecting from the Jan 1 19'. There is a little accumulation zone that is not the same with the rest of the trend. It may indicates a little retracement to to 50% Pitchfork. Then the price may explode upwards or downwards to the main support or resist...
The pair touched the bottom support line which was created several weeks ago. Its expected that the price should move in strong upwards movement. The movement should be consisted of smaller accumulations but i think that in a few weeks. the price will touch the main resist level. Those support and resistance are connected with daily and weekly chart also. All...
The price is on a way to the accumulation zone and then its expected an upwards movement to the major resist level. RSI 14 showing a oversold condition Please leave a comment below !
The price had a big upward movement right to the major resist level. The next expectations are that the price should bounce from the resist line, confirming that move with a bearish bar which started to create. The price may create a little retracement after hitting the previous support level. The final resting place for the price should be just on the major...
Take long position ! Support zone touched, expected movement to the resist zone ! Possible XABCD pattern!
Sure enough , its starting a new short period trend, which is a part of a bigger trend long period. The RSI indicator is showing overbought condition which may indicate that the price should drop very fast. There are a lot of buyers on the market. Also little one trend touched the support line which may accumulate during it does not touch the major resist. Also...