Keanureeves

Keanureeves Updated 

A double bottom at a key area on the daily time frame suggests there will be a reversal on the hourly time frame.

Keanureeves Updated 

Divergence on the RSI may equal a pull back, hence the risk/reward of 1.1.

Keanureeves

Hammer candle at key support. It is also over sold on the RSI which could suggest a correction.

Keanureeves Updated 

Double top at the break of an uptrend in a high time frame range. This could suggest a trend reversal.

Keanureeves Updated 

Quite a big drop on the low time frame to a key area of support in the high time frame. This could suggest that the price will bounce back up with the trend line in pink adding to the evidence. The average true range on the hourly time frame gave me the stop loss and the target area is at recent highs. I believe that a quick uptrend is soon on its way with the RSI...

Keanureeves Updated 

Simple but effective. Rejects downtrend at a key level of support. This is also a good buy opportunity due to a low risk.

Keanureeves

Clear trend reversal with lower highs. The high time frame trend is broken and then rejected as it forms a down trend. There could be some bullish movement to previous support, but only to continue in the down trend.

Keanureeves

With the chart stuck in a range and a bullish triangle in the lower time frame, I believe a breakout may be imminent. I also believe that an increase in consumer spending post lock down will benefit the luxury brand.

Keanureeves Updated 

Head and shoulders formed plus double top then break of the uptrend with rejection. Reversal in progress, go short at 1.13 and take profit at each fib level. Stop loss above the head.

Keanureeves

The range at the top then turned in to a down trend. The price then went in to a short-term correction before it then dropped rapidly. However, it then met resistance at 90 which was the continuation of the previous downtrend and key support at a level in the past. This has now formed a new short-term uptrend which i believe is a sign of a reversal of the...

Keanureeves Updated 

There is a breakout above the trend line on the LTF and is tested twice which suggests that there will be a reversal. Also an uptrend is beginning to form on the LTF as it pierces the downward trend line suggesting there will be a reversal.

Keanureeves Updated 

Pretty new to trading but I kinda like this idea. Might bounce back up at support but i think it will continue the downtrend.

Keanureeves Updated 

It looks like the GBPUSD might have a short burst upwards due to it breaking the LTF (Low Time Frame) trend line. The resistance met on the up side of the trend line meant that the price is rejecting a down trend which indicates that an LTF upward trend will follow. The yellow lines indicate LTF areas of Supp. and Res. whereas the red indicates HTF areas of Supp....