There are now to much BEARISH SIGNS ... "Shoulder-Head-Shoulder", "Bear flag", "Bearish Crossing of EMA25 and EMA50" and maybe an "Evening star", what we will see on Monday! In addition buyers volume went down, daily RSI point to the down side and Stochastic RSI is in overbought area! The same situation we had in April/May 2019 (take a look there)!
Short 56570 Stop 57300 Take 55950
AUDUSD has given the same intraday sell pattern as yesterday! this is a simple repeat move, stop above the high and target the recent lows! Trade sensibly!
HI BIG PLAYERS, in this case study I present a bearish Wolfe Wave on USDJPY 4-hour Chart. The risk-reward-ratio are 1:15. This mean for every 1 USD you can win 15 USD. In addition, the rebounce was a few minutes ago exactly on the 1.272 (a typical rebounce fibonacci line by a Wolfe Wave pattern). Furthermore, I am testing with the new Pinescript Version 4 the...
Rumor on the street in Sébastien St. Louis is leaving the sinking ship.
Linked to this post is a 5 day time frame which indicates a top is near with this H&S pattern. Maybe one or two pumps left & then a deep dive down into the bre-x abyss!
Hello traders! We had a beautiful rejection on this pair from this level. Based on dxy technical analisys, we are expecting a strong down move on audusd. Watch price action in lower timeframes before entering the trade. TRADE WITH NO EMOTIONS!
CADJPY has done forming a contracting triangle pattern so now we are looking for downside. Our entry is risky but with little stop loss and great potential. P.S: This content is for educational purposes and discussion. Good luck.
In my quest to better understand trend following and TA, I am embarking on publishing more ideas with strict regard to TA first, followed by fundamentals. I am doing this because I usually do the reverse. Normally I will look at a company that I believe is undervalued or overvalued, and then I will look to the charts to see when a setup could be had. This time is...