PoorMansForex

PoorMansForex Apr 1, 2020

Head and shoulders formed, retesting neckline, potential short position

PoorMansForex Apr 1, 2020

Here we have a 2 touch trend to the upside, looking for a 3rd touch, potential rejection, continuing the uptrend. Or, option 2, is we break both the uptrend and the 4H zone, look for re-test, confirmation, and sell opportunity.

PoorMansForex Mar 30, 2020

Here we have some consolidation after a downwards push. Currently continuing into a pennant formation, at the top of my RSI also, and my EMA's about to crossover - 3 indication of a potential short position. Not ready for entry yet. One to watch :)

PoorMansForex Mar 29, 2020

Looking like the bullish action is weakening. Some nice structure, rejecting that down trend, looking for another rejection and break of support, engulfing candle.

PoorMansForex Mar 29, 2020

Here we see a nice structure formed on the 1H TF - continuing in an uptrend - in the short term, I’m look for a sell, at my resistance zone, structure line, and RSI - all indicating a potential sell opportunity

PoorMansForex Mar 29, 2020

We can see some nice structure formed on the 1H TF, currently rejecting my support zone, and structure line, also at the bottom of the RSI - potential retest and long position upcoming.