Previously analysis showed H&S to potential form however market is making downward movements. Will look to see the break of the trendline and flag low and enter short.
Potential to form H&S on the 0.618 retracement and break through the trendline and retest. Hopefully potential for two short opportunities (one at H&S +0.618 and other at broken trendline/trendline pullback.
Hopefully a pullback to 0.618 (as .78 has been hit) and re entry of sell to daily or weekly TP.
Potential sell as currently sitting on a daily level. Trade is also on downward trendline and FIBO level.
Head and shoulders form with small trendline broken. May wait for support to be broken first.
Hey guys fairly new to trading just looking for thoughts on GBPJPY shorting. It's broken daily/hr upwards trendline and has retraced slightly. Looking to enter a short position with SL above the trendline and prior support. FTSE100 has been in a very big uptrend, is at historic highs and is expected to continue past the 8k mark. Please let me know what you think...
Hi guys, Just wondering thoughts on UJ as its approaching a daily trendline.
Coming up to a resistance level and approaching downward trendline.
Up against the trendline and has broken the downward trend hourly.
Could either test the trend line and continue upwards as RSI and current trend formation suggests or could break the trend and begin a downward trend.
New to trading.. Is there a potential short opportunity on the usdjpy? RSI is oversold and has reached a bullish trend line. Bearish hammer candle formed and is also touching the bearish trend line. As mentioned so still learning the ropes.
Hit a daily resistance turned support and on the trendline. 4hr also oversold. EURAUD
Possible sell? RSI momentum has weakened on daily and inverted bearish hammer has formed. Please currently sitting on a strong resistance level so could be forming a double top. FX:GBPJPY FX_IDC:GBPJPY Opinions?
FX:EURUSD Looking to long EURUSD as its just closed above the trend line on the 4hr and has formed a bullish railroad candle pattern. Also hit a significant level so could signal a bullish turnaround. The daily chart has a hammer just above a bullish trend line. Will wait for confirmation on the daily and enter next week. Please let me know your thoughts...
Hi guys, New to trading and am looking for an opinion on the chart attached. Trend line has been hit with price beginning to continue on the downtrend. RSI level has been hit and is beginning to retrace. Looking to short with SL above trend line tomorrow morning. Daily chart also shows its also hit the trend line and has formed a hammer. OR Moving the trend...