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Reasons: - Bearish channel/trendline is breaking. Although, it needs more time to be confirmed and a pullback is always probable. - There is a mild divergence between RSI and price, which needs to be confirmed - Price is crossing up EMA 20 Stop is large for a short-term position. Adjust the capital in respect * This is only how we interpret the market
Reasons: - H1 bullish trend line is broken - A double top formation is in place - Moving average 20 is broken - RSI broken down level 50 - Bearish divergence between price and RSI - Vortex identified a bearish trend * This is only how we interpret the market
Reasons: - The bullish H1 trend line is broken. There might be a pullback to re-test the line. - Stochastic Oscillator is out of over-bought area - Fibonacci retracement was used for entry and exit point. * This is only how we interpret the market
Reasons: - H4 bearish trendline is broken and is re-tested - Daily bullish trendline is near this area, which shows a possible support - Bullish candlestick formation * This is only how we interpret the market
We believe EURUSD is in a bullish trend . It might break the key resistance soon. But there is a chance for a short-term risky sell Reasons: - Pitchfork center line - Shooting Star candle - Short-term fibonacci retracement was used for entry and exit points With breaking of the resistance, probably a strong bullish trend will form. *This is only how we...
Reasons: - Bearish trend line is breaking wish a strong bullish engulfing - Vortex is entering in a bullish trend The price still have a strong resistance to break. It might not be successful. Watch out This is only how we interpret the market
Reasons: - Head & Shoulder formation - Pullback to neckline - Small Stop loss - Also 62% Fibonacci retracement might be met - Bullish trend-line might support the price This is only how we interpret the market.
Reasons: - Possible resistance by previous key range (double top formation) - Resistance by 62% fibonacci retracecment level - Confirmation of bearish divergence on Momentum Indicator * This is only how we interpret the market
Reasons: - Fibonacci Extension 1.62 is met, which gives a chance for a short term correction - Lower band of the bearish channel is touched by price This is only how we interpret the market
This is just a short term idea. Although ascending triangle usually forms in bullish trends as price consolidation, sometimes they appear as reversal pattern. This might be an example of reversal ascending triangle in a short-time period.
Reasons: - Price is close to first target of previous H&Sh pattern, which also could be considered as a Rectangle. - A double top price pattern could be formed (look for it) Scenarios: We go short if: a - Price breaks down the small trend-line b - Price reaches to exact target of H&sh This is only how we interpret the market
Reasons: - The price is breaking the previous importance resistance - The price is pulled back to 62% fibonacci retracement level, which MIGHT break it up. - Commodity Channel Index entered the bullish area (+100) - Vortex trend Identification signaled a bullish trend in Daily This is just how we see the market.
Reasons: - Daily trend line break (confirmed by 3 days) - ADX is crossing up level 25, which if happens, signals a strong bearish market, considering -DI is in action. - Vortex Indicator which works well on DJI, shows a cross up signal by level 1 with bearish outlook - Price supported at 38% Fibonacci Retracement, now is resisting at 23%. Good luck
Reasons: - Resistance from the previous top - Head & Shoulder pattern - Visible in H1 , With neckline breaking now - Fibo retracement 23% level is also breaking down - Change of slope in Bollinger bands - TRIX signalled the top - Vortex shows start of a bearish trend (Cross of Red line with level 1) This is a personal realization about the market
Reasons: - The support area matches 62% Fibonacci Retracement - The support area matched 62% Fibonacci extension (a,b,c) - RSI also might form a double bottom at the oversold area - CCI Index is back to neutral area, the sell pressure weakened
Reasons: - Reversal Island Pattern - Trend-line break down - Engulfing on top