www.tradingview.com DESCENDING CHANNEL MAY HIT A SUPPORT (123000 LEVELS) AND LET SEE IF THERE WILL BE A BREAKOUT ON THE UPWARD DIRECTION
After a month of UPTREND (january). We may see some relief and go down. Possibly a RETRACEMENT but first it needs to break the ascending channel. I am not saying that it will go down nor up. But atleast we are aware that this pair formed an ASCENDING CHANNEL and I hope that we will be guided ACCORDINGLY. www.tradingview.com
www.tradingview.com A beautiful gartley spotted to retest the previous high and after this, there is a high probability that it will drop. So let us wait and see where are we headed.
www.tradingview.com REASON FOR ENTRY it seems that the UPTREND is going to hit the 618 RET and 1.27 EXTENSION which sits on a MAJOR STRCTURE LEVEL at 1.25000s
As I've looked in to the weekly chart I have noticed where the uptrend is likely to go to. A simple but accurate analysis: -FIB 618 -FIB 50 -FIB 382 -RSI most likely to go overbought THESE MAJOR LEVELS OF FIBS ARE ALL SITTING (confluence) ON THE SAME ZONE AND IT IS A MAJOR STRUCTURE LEVELS! Even if you look in to the history of this pair, you will see that it...
I can say now that we still have not reach the retracement direction and we are on a CONSOLIDATION time instead. At this point, if the CYPHER will be complete it will retest the PREVIOUS high and let's cross the bridge when we get there. www.tradingview.com
B www.tradingview.com ullish Divergence Spotted on 1H chart EURUSD. This is one of the great signs that a shift on the direction may possibly occur.
www.tradingview.com Reason for entry -Fib 382 sits perfectly on a significant structure level -ABCD equally measured move -RSI will be oversold -A continuation on the uptrend direction
LET US WAIT FOR THE BREAKOUT AND THE CONTINUATION ON THE UPTREND WHETHER THIS FLAG PATTERN WILL BE COMPLETED OR NOT! www.tradingview.com
ADVANCED PATTERN SPOTTED!
A descending flag patttern formation has been spotted and it might be gearing up for a possible bullish reversal. You can see that it sits right on the 50% retracement and this retracement sits right on the major structure level at 1.3000s. We will see if we can spot a breakout to the upside direction and a possible continuation
After a week of bullish rally, we may have come to a relief before it continues to go higher. Reason: -Gartley spotted -Major structure zone -Rsi overbought www.tradingview.com
EURUSD COULD POSSIBLY CONTINUE TO GO UP (19800S LEVEL) REASONS: -1.27 FIB EXTENSION spotted -1.27 FIB EXTENSION (INVERSION) spotted These extensions sits perfectly at a MAJOR structures zone! ANOTHER REASONS: -786 FIB RETRACEMENT spotted -886 FIB RETRACEMENT spotted THESE FIB RETRACEMENTS AND EXTENSIONS SITS PERFECTLY AT ONE AREA (12000S LEVELS) Also the RSI...
CONSOLIDATION TIME!!! MEANS HUNTING FOR PATTERNS TIME!!! MERRY CHRISTMAS!
Pattern update: EURUSD 1h -Gartley spotted -Fib 618 retracement -RSI bearish divergence Note: 618 retracement C leg of the gartley almost touched but it does not hit the 618
Note: 618 retracement C leg of the gartley almost touched but it does not hit the 618