What do you think? Confirmations 1. RSI confirmed changed in momentum - up to down 2. PA - waiting for bear flag to play out and look for entry
Sell for the following reason 1. Price momentum - Down 2. Price level - At H-Resistance level
RSI - Downward line broken, suggested that possible trend reversal PA - Stuck at key support area as HH-HL price structure still valid from what I have seen If expectation is right, then could see price reversed to recent high - 1.1785 area. Do note that this is a WEEKLY CHART.
Yesterday bearish candle gave us a good entry level. Enter at market entry. Reasons to long. 1. RSI strengthening (up). 2. Price structure - downtrend line broken. 3. 21/11 candle closed near to near-term horizontal support. Risk/Opportunity to consider at this moment. 1. 200EMA seems like a resistance level but if able to close above it then the changes the...
Waiting violation of downtrend line.
Price momentum - down Price level - Uptrend line breakout
P-momentum - Up P-level - Trend line support area Good to long?
Downtrend channel (price at upper line), Overbought RSI (against downtrend), Horizontal resistance level (seller area)
Bearish price pattern - short term Downward price momentum - short term
RSI showed price momentum to the upside is getting weaker. Looking for price confirmation to get short.
Pattern, trend line and horizontal level trade setup.
Trend - Down Level - 50EMA rejection Signal - Inside bar reversal
Downtrend continuation? Trend - Near term downtrend Level - Previous low level Signal - Small bearish pin bar Entry - 0.88896 Stop loss - 0.89137 Target - 0.87696 (4.98R)
Possible short entry with downward momentum accumulation
Trend - Down Level - Resistance Signal - None but near resistance area
Trend - Bias to downside Level - Resistance area Signal - Bearish inside bar Entry - 0.68701, Stop loss - 0.69572, Target - 0.64701 (RR 4.59 to 1)
Will this resistance level be respected? Target 4+R