1d
eur/jpy bearish set upOn the daily chart, the euro seems to have hit a new formed resistance which has been tested twice already. I'm expecting price to form a lower high than a lower low to confirm the bearish trend.
Would suggest selling at the break of the pattern if you want to wait for confirmation or you can sell below the resistance line if you're an aggressive trader.
aud/usd falling wedge pattern has occurred from the 1d and lower. Looking to go long since the price bounced off the support line very nicely.
lotsizes and RR's are listed on the analysis as well and pictures of the further analysis on the 15 min chart will be listed as well. Make sure to check that out as well.
trade safely as well guys.
POA BULLISH DIVERGENCE ON RSI AND MACD Hi to all.
As BTC going up, we have seen some nice pumps with altcoins. I think that PAO is next. As u can see, it is clear bullish divergence on RSI and MACD on 1D TF.
Also MACD is on positive.
CAD/CHF 1D RSI DIVERGENCE MUST SEE Triple hit of support with RSI divergence.
Using heikin ashi smoothed (2-2) waiting for confirmation green candle.
Health and momentum is weak
Simple analysis but don't need to overthink this one.
Enter trade on 4 hour for tighter stop loss VERY important you know how to do this right.
Cypher- Shark - 5-0 Constellation FINALA Shark pattern is nested in a larger slightly broken Cypher pattern with the possibility of a preceding 5-0 pattern.
The most likely point for bearish reversal is at 0.74406 due to alignment of 0.382 of CD from both Cypher and Shark.
However if price continues moving upward then the half way point for CD of Shark @ 0.75648 becomes relevant due to possibility of 5-0 pattern, which is a 1 step extension of Shark
First support line is at 0.71579 - a 1.618 extension of AB from Shark
The strongest support range is between 0.71029 and 0.70436 where D from the Broken Cypher and Shark are in close proximity to one another (dark green)
If price drops below that then the official 1.618-2.24 of AB reversal range takes over again to extend D from between 1.13 of XA to 2.24 of AB (light green)
If that happens it will probably be more difficult for price to jump back over main support range which now becomes resistance
If price passes 0.6814 (2.24 of AB) shorting is recommended, otherwise go long until 0.74406 (0.382 of CD) or set two stop losses for 0.382 and 0.50 of CD @ 0.75648
GBPUSD UPTREND COMING TODAYPair Currency: GBPUSD Direction Predicted: UPTREND. GBPUSD is looking to go up within the next hours as my chart shows. Bollinger bands and other technical analysis have been used in order to predict an uptrend with the resistance level at 1.2800
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The 19.70 fight. Our beloved Mexican peso is going through a difficult moment, but he has a chance to fight. The uptrend has a very complicated zone ahead, and the time window begins to close.
To achieve the level and close the movement around 19.70, it is necessary a violent movement that at this point looks complicated, unlikely but not impossible.
From my point of view, it is very important to see how the candle of October 19 develops and how it relates to the R & S.
I expected this movement at the beginning of October and it did not happen. The pair lost its level and remained in the side range, the mexican peso is a tough fighter.
Follow your own plan.
Best wishes all..
BTCUSD GOING UP TOUCHING 7000.00Pair Currency: BTCUSD Direction: Uptrend. BTCUSD has been predicted to go up in the next days, as my chart show. Yesterday, there was a really high uptrend, touching nearly the 6600.00! As you can see, I have pointed the important points with the black circle to show how I came up for an uptrend. Bollinger Bands and also WMA at 7 will predict an uptrend, with WMA touching the middle Bollinger Band
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