jannatul96

jannatul96

Yeeeh... that Double bottom was a lie

jannatul96

Wedge breakout / Trendline breakout Bullish Hidden Divergence

jannatul96

Wedge breakout on 1W Channel breakout on 4H

jannatul96

Double wammy

jannatul96

Rejection a major support (Purple) Time for buyers to enter the market

jannatul96

Something to watch out for next week Monthly: Channel Breakout Daily: H&S 4H: Wedge RSI 4H is bullishly diverging so i'm expecting another test of the blue "Support turned resistance" zoned. This will a nice entry for the short swing trade for the Channel and H&S breakout

jannatul96

The target for a pennant breakout should be determined by the height of the pennant In this example the height was 165 pips. The price reached broke out and reached 161 pips. Of course, it's not always perfect but it's close enough. A similar example can be seen in last weeks pennant break out on EURUSD. However, on the EURUSD example, when price broke out it...

jannatul96

Reasons to Enter - Overbought on 4H - At resistance - MacD about to cross over

jannatul96

Reasons to Enter RSI divergence on 1D Slight divergence on the MacD histogram iH&S pattern in formation. SL is below Right Shoulder and below support TP below all major resistances up to H&S target Entry can be taken now or after neckline breakout

jannatul96

Reasons to Enter - on 4H chart At Trend line resistance Overbought on RSI Divergence on MacD Histogram MacD cross-over about to happen SL is at breakout of trendline. TP1 is at next major support TP2 is at 1:1 extension TP3 is at H&S targer

jannatul96

Price has been hovering below the 0.5 Fib for the last few days. RSI Divergence can be seen on the 4H MacD has crossed over

jannatul96

Wedges can break up or down

jannatul96

New play for EU, the pennant is now part of a larger descending channel. There are 3 touches at the top and 2 at the bottom. RSI hasn't broken above 60 on the daily so I'm still bearish. Hoping to catch a good entry is just below major resistance and channel resistance for a small position. Will add more into a full position after further confirmation of a reversal.

jannatul96

Ascending Wedge forming inside of a Descending channel . Wedges can break up or break down, so I'll enter after the body of a candle closes outside the wedge . As the wedge is drawn body to body and I don't want to to be caught out by a fake out so no pending orders being placed. RSI is being held up by trendline support and down by resistance at 60 forming a...

jannatul96

A nice position/swing potential. A H&S pattern can be seen in the weekly chart targeting all the way to 2015 -17 support zone. 1:1 extension from this wave should take it to TP2 minimum. Green weekly candle could be a restest on the trendline Even though closed price is at resistance zone, there may be further upside and I don't want to enter against the trend....

jannatul96

Reasons to enter - Price has a formed a Ascending Channel and is at channel support - There is a descending wedge formed and has appeared to have broken out and retesting - Red support box is holding - RSI support is holding - MacD is upticking

jannatul96

Daily: - Pennant Target Hit - RSI Oversold - RSI bullish divergence seen from 29th May low and today's low. - MacD histogram upticking 4 Hour - Clear RSI Divergence seen from 13th Aug Low (2am) and 15th Aug Low (10am) - MacD histogram bullish divergence form 13th Aug low and 15th Aug low - MacD histogram upticking to the positive zone - MacD crossover in...

jannatul96

Retest of Support as resistance Complete