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Hiddendivergence

NASDAQ - US100 - NQ1! - SHORT - H1 - Intraday Analysis - NASDAQ - US100 - NQ1! - SHORT - H1 - Intraday Analysis We have a still a bullish Parallel Channel on the H4 & H1 chart and the major trend is bullish. But we have a bearish reversal now with an Inverse head and shoulders pattern and also a hidden bearish divergence on the stochastic H1. Now we are waiting for a pullback on the trend line to consider to enter short. Our first target will be the 0.382 Fibonacci Level and second target the 0.786 Level. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 9450.00 | Stoploss: 9520.00 | Takeprofit1: 9350.00 | Takeprofit2: 9240.00 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support this channel, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
OANDA:NAS100USDShort
by Sami_Derti
GBPJPY: Trend continuationCypher pattern appearing on GBP/JPY. RSI confirms a bearish bias, therefor short positions have been taken. Grey highlighted box illustrates a price in which the market found both support and resistance within a relative short period of time. Some people will say the chart looks like a Head & Shoulders, and I would agree if I did not know better. If you look on the left side on the chart, you will see that we have plenty of room to go in terms of demand which probably will end up getting filled atleast once again. We could potentially end up testing the initial support at a very psychological and major support level at 124. Hope you enjoyed the analysis and good luck to all trading GBP/JPY!!
Short
by MikulovicFOREX
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