tyrek_l

tyrek_l

We are in a bearish pennant. The downtrend is slowly weakening and the market is showing strength to the upside. You can wait for cross of EMAs or be aggressive totally depend on your trading style

tyrek_l Updated 

Price will find resistance at this level. If price breaks pass the level we will be in a bearish market

tyrek_l

The pattern is seeming to be more of a bearish wedge than a Head and shoulder. I am thinking both because the red arrow line can be considered the neckline of the head and shoulder

tyrek_l

Both shoulders seem to be showing

tyrek_l

Eur/Usd and usd/jpy move in opposite directions, so this inverted head and shoulder is not surprising. However, the pattern is not finished. the neckline and right shoulder must be made. This is just a Heads up

tyrek_l

Have to wait for the right shoulder to form, would be a strong short.

tyrek_l

I went for a counter trend trade last week, in area highlighted. I assumed price action would go higher before continuing low. I thought that due to the steepness of the down turn. However, price took a brief pause then continued to drop. I went over analyzed it and am now working on my counter trend trading, I will not make the same mistake again. Currently...

tyrek_l

Price is heading down on the hourly chart. Uptrend is weakening as well.

tyrek_l

Second entry. Price about to pop.

tyrek_l

We are in a correction or retracement, Just posting this trade

tyrek_l

The market is ranging now If you benefit from my trading analysis, please like. This will tell me to post what I see in the market more.

tyrek_l

This is just a guess of how I think price action will head. Usually should wait for the cross of EMA's but if you are feeling aggressive you should enter on the next lower high.

tyrek_l

four hour bearish wedge upcoming. Possible bearish reversal.

tyrek_l

Bullish possibility

tyrek_l

The decision level that we are at is to determine if the uptrend turns into a downtrend or continue being bullish.

tyrek_l

listing my predictions based on price action. have fun

tyrek_l

How price is acting as of now we may be entering range. Place conservative stops. If we enter range retracement may be finishing up. This review is for price actions up until now. If anything change i will update.

tyrek_l

The market seem to be going to in a deeper retracement. Have to look at four hour charts to see that the market is still bullish.