It is moving towards a W formation on the daily chart . target1: breakout level after consoldiation target2: breakout level
as expected last week we saw eurusd breaking that huge H&S on the H4 chart resulting in a fast movment t now we see a continuation of the pattern 1- H&S target have not been achieved yet 2- We have a double bot formation on the daily 3- big buying sentiment next to the breakout level
Weekly candle Big bearish shooting star Daily Candle closed below support line H4 RSI diverge making a lower low breaking support line H4 MACD Crossover signal to go short
Weekly looks bearish and on lower time frames we can see a clear triple top formation its a good opportunity for a short after resistance breakout MACD & RSI showing a big divergence on the tops making lower highs instead
Weekly chart showing that we are now competing another pullback Tunnel identified. Just wait for breakout confirmation and enjoy the ride down
H&S formed on the Hourly chart at the support level of the tunnel. There's two scenarios here: 1- H&S breakout confirmed and this will also confirm the tunnel breakout. Becoming into a strong selling position 2- H&S fails and price comes up to test previous resistance level completing the wave (5) followed by a big pullback correction MACD and RSI should...
We are now trading a lower tunnel inside this huge triangle. last week we has ended with the price touching the resistance level . - Hourly chart indicates a potential H&S set up - RSI and MACD showing divergencies Short next to this resistance level aiming to the right shoulder level and see how it reacts. This level is key to show if we are going lower or if...
Great buy opportunity on EURGBP After a huge decline we finally start to see some indications of trend reversal - The price broke the lower tunnel trend - Price retested after breakout and seems to be holding - we see now a potential double top setup on he hourly time frame before it bounces back again and keeps raising TP1 range for short term trade buy...
Weekly chart - Strong buying pressure Daily chart - Potential double short Hourly chart - pushing back to tesst top resistance once more If it rejects this top level again we are in a good way for Double top setup We will have to wait and see how price reacts to the 143 price level, If you want you can play agressive with a shot pending order on the 143 level...
Keep the eyes open for next week. US500 Weekly chart closed with an hanging man pattern at the end of a wedge pattern indicating a strong weakness of the price. When looking at the H4 chart we see an Head and Shoulder pattern set up with the top of the right should formed with a potential double top. Next steps: - Wait for double top confirmation on...
Keep the eyes open for MACD divergence as previous head and left shoulder signal. Once we have a decent bearish candle on the resistance level of the previous shoulder we go short €€€