We could see SHORT positions if we break the up trendline and close below 1.4000. At that point we will have confirmed M pattern or a Double Top.
Looking at the overall strength of the USD we can see a potential double top forming. This is a pivotal moment in the USD to see if we can continue the strength it has shown, or whether the tables are starting to turn.
I see 6 confluences that are signaling sells for next week. 1. Downtrend on higher time frame 2. Fib golden zone hit 3. Resistance from downtrend hit 4. M formation in the fib golden zone 5. Break and retest of smaller time frame uptrend 6. DXY is bullish
I hope this should enlighten you more to know that we are now going to be printing some downtrends in currency AUDUSD, there was counter trendline analysis I made there and that should also help after completing the “M” formation we should see a little move to the upside and continue the downtrend, I’ll be glad seeing AUDUSD in $0.65-$0.60 levels As you can see...
GOOD DAY TRADERS been awhile We have eyes on our key level and we should be seeing a reaction of that zone and bearish momentum to enter the trade after the B.O.S stops above 0.66483 entry 0.66215 TP at 0.65591 GOOD RISK MANAGEMENT ALL THE BEST
A look at the Daily TF. As mentioned in my previous analysis - possible M formation or Bull run to continue.
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE THE POUND / DOLLAR FROM THE HOURLY CHART. * On higher time frames the pair is strongly bullish from the MONTHLY & WEEKLY. > On lower time- frames the pair is currently correcting in a possible bull flag we saw the completion of a ( M ) FORMATION...
There is a M formation In the monthly time frame. We can expect the price to retrace to the .50 fibonacci level.
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. I will be also publishing analysis of the other timeframes as well for this pair for further references. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more...
After retesting an annual trend line EUR/USD was rejected and created a M-formation. Now it needs to correct to 38% on Fibonacci level to M neck line before taking a nice short
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have just Completed an "M" formation We expect the price to hit the neckline at 1.73800 in the long term if we reject the current area of support we are currently sitting at . Weekly : We have an ABC corrective sequence waves and we might be ready...
Short Trade sell at neckline break could net 25 plus pips M formation take profit at the lows
Good Day traders !! For this pair we are at the 5 impulsive wave to the downside. WE also have a very strong level of resistance in confluence with the 0.5 Fib level which makes it even stronger and hard to break. Also on the daylight timeframe we have a formation of an "M" formation and we would like to see the pattern completed before seeing any kind of bullish...
Good Day Traders !! Here is a full breakdown on this pair, let me know if you have any questions in the comment area before, the entry will be triggered only if all the rules of the strategy are respected. I would suggest to keep this pair on your watchlist to look for opportunities. Also I will be linking my previous analysis about this pair. Trade safe !!
Good Day Traders !! On the Monthly timeframe we have An M formation on the way, we are in the last leg and expect the price to drop. Going down to the weekly we have a "W" formation and we expect the price to drop to the neckline at least before a continuation to the upside. Going down on the daily We have completed an "M" formation pattern and we just rejected...
In this video we see a double top formation forming or more known as "Head & Shoulders". Based upon previous support levels. It has broken previous lows and should start tanking. Use caution with swing trades.
Bitcoin is currency in a descending channel, and after the last W (Gartley) and retracement, price respected the resistance at the nose and is now in a slight uptrend towards the top of the channel. This is a key area either for a breakout and path to 50k or a rejection to form the second leg of the M.
GBPNZD is coming off a previous W and Shark pattern. Usually after one pattern comes another of inverse proportions. While price is moving within this range, it seems to be finding support and resistance at these key levels which form the patterns. If the M is completed, there is possibility for an overextended M from the 4H to the daily timeframe which would...