Price is currently inside of a demand zone, possible double top market structure forming, looking for a bearish candle stick reversal pattern and a close below both the ascending trend line and below the demand zone before entering. That would be 5+ confirmations to enter a sell. Also looking for possible bearish divergence and bearish ADX trend as extra...
Looking at a potential triple top here at the top zone resistance, exhaustion on the buyers. Red horizontal line indicates where I'm looking for my entry after close below the prior fib level of bearish engulfing candle. Want to see the bearish engulfing candle break and close below the ascending 1 hr trend line as well as the neckline of the triple top market...
Confirmed Double Top with Evening Star Candle Stick Reversal Pattern on GBPJPY 1 Hr time frame. Waiting for it to possibly close below the zone and break below the ascending trend line before I would consider entering. ADX shows strong bearish trend right now as well. Anticipate EMA/SMA to cross for sniper entry should those other confluences line up for me to...
Price began establishing a nice uptrend and is playing inside a channel since the beginning of the month. This analysis is essentially based on prices current level where its attempting to retest at the ascending 1hr trend line. Broke and closed below it last 1 hr candle. However, price failed to close below bottom of a zone marked from previous indecision 2 days...
Confirmed DT with bearish engulfing, broke through and closed below the ascending 1 hr trendline. Enough to enter there, but awaiting possible pullback to 0 Fib Level (see red line) as there is a supply zone here that price has retested multiple times recently. If it does pull back to that level and drop again to retest around 23.6, this may create a H&S pattern...
Anticipating a nice intraday short on NZD USD. Confirmed Double Top Market Structure with a nice bearish engulfing candle stick pattern as first 2 confirmations. Break through and close below 1hr ascending trend line as a third confirmation. RSI also indicates overbought, seeing bearish divergence on the pair as well for 4th and 5th confirmations. Would like to...