PRice is attempting to break the 4 hr 200ma for a chance to break out of the wedge pattern. A break and retest of the 4 hr 200ma should confirm the upside move. On the other hand, If price fails to break through resistance, then price will attempt for a retest of the wedge support testing the 4hr 50ma. At this poiunt a break to the downside willl see further sell off.
Price has been consolidating to the downside for quite a while now after failing to break through the 10820 resistance level. Price has broken out of its ascending channel support. If price is to go lower to the 1.0530 level of support, price must first break below the 4 hr 200ma @ 1.0650. If price fail to break the 4hr 200ma level of support, then price will...
Price bouncing off weekly support backed by the stimulus package coming from the EU. Price has broken the 4hr 50ma. If price breaks into the area between the 50ma and 200ma, price will consolidate at this level for a whle before attempting the 1.70- 1.72 level. If price breaks past the 200ma without consolidation, expect price to retest the green zone to an area...
Inverse Head and shoulder formation Price action forming a buildup just under the neckline for a breakout. Price already broke descending channel resistance, retested that level and is just finding consolidation at previous support level now acting as resistance. A clear break and retest of the 4hr 200ma should confirm this upward movement.
An inverse Head and shoulder pattern formation. The pattern should become valid once price closes above the 4hr 200ma
Retest of the neckline on the inverse Head and Shoulder pattern formation. Price possibly at the 4th leg of the Elliot wave. Price also retesting channel resistance turned support after breakout of the descending channel. Channel resistance, Inverse H&S neckline and 4th leg of elliot wave area is also 38.2 fib retracement level. Entry trigger is based on the...
Price in a downtrend touched support and bounced up to 4hr 200ma and found sellers. I was originally expecting price to find resistance at the 4hr 50ma but got higher. now its on its way down and to confirm this trend continuation, Price has formed a 3 candlestick reversal pattern on the 4hr timeframe. price has also closed below the 4hr 50ma. Stop loss above...
After Price retraced back to the 50DMA, considering that the overall trend direction has been bearish, we look for short opportunity on the lower timeframe employing multiple time frame analysius. on the 4 hr chart a reversal candlestick pattern had developed an evening star. This candlestick pattern forms the Entry trigger for the trade as the price is already at...
Price was in consolidation from a downtrend but eventually got above the 50DMA. Price action has risen above all MA on lower time frame 1hr & 4hr 50and 200Ma respectively. Price formed a 3 candlestick pattern and an extra confirmation candle forming in the upwards momentum. Stop loss set below market break of structure in the sense that if price breaks below the...
Price approaching recent support level but selling pressure is strong. Watch for price break out. Area of trade value is the 4hr 50ma for a short position to 1.3654 level
Price is in a downtrend but short term long opportunity to 4hr-50ma. Based on price retracement action on the 1hr chart.
price may have a back and forth between the 200 & 50ma on 1 hr chart before going lower. If price breaks 4hr 50ma resistance, Price will continue to 133.36 for stronger Resistance
Price is at Resistance area with buying pressure weakening which is evident on the stochastic 4hr chart. Will be looking to see a break below and retest of the 4hr 50ma for confirmation of price reversal to the downside. with a profit target at the 1.30 level
Price largely in a downtrend, only looking for short opportunities.
Price bouncing off range support but overall downtrend channel still active, Price direction will become clearer after interacting with the 1hr 50 and 200ma.
Head and shoulder pattern with a rising wedge testing the right shoulder which is the 4hr 50ma and 38.2 fib retracement. Price has to move out of the 50 and 200ma interactive face in the 1hr and 4hr chart for clear price direction.