Divergence on the Stochastic Indicator, The trend line is resistance and price action rejected the line... This is the evidence that we have in order to sell right now. If you want to use a moving average crossover to confirm the sell better... go ahead and use whatever way you want in order to enter your own sell.
Price could reject this Yellow trendline and go straight down from here..... Or Price could Go Up To Resistance and Reject Resistance and then Fall Down... Use your entry reasons to enter sell as soon as the reversal happens! Some people use the 5sma and 10sma Crossover... Some People Use Trend LIne Breakouts.... Some People Use Candlesticks Only..... Its up...
Cad/Chf is near ready for a reversal. As you can see on the chart with hour 4 , Divergence has been spotted! Does this mean to enter a sell right now? ABSOLUTELY NOT! So how do you enter a sell? You can enter with many confirmation tools.... Such as A Moving Average Crossover, Candlestick Analysis, Etc!!!!! These Yellow Zones on the chart was created on the Daily...
This is not meant to be a signal or a trade idea! This is a long term analysis of Eur/Usd using a Weekly Time Frame With A Line Chart. So as you can see, Price broke Support and Came back up recently to Retest WEEKLY SUPPORT NOW TURNED RESISTANCE..... This gives me the idea that the EXTREME LONG term bias toward Eur/Usd will definately be down into the next major...
Just something im seeing on the daily chart. Im thinking the daily pullback could create a Right Shoulder giving us a "Downward Leaning" Head and Shoulders Pattern. Remember that if the Pattern is "Leaning Downward" , It is said to be considered MORE RELIABLE... Lets see what happens next week!
AudChf is in a continous downtred and will have some pullbacks on the way down. This pair is not safe to sell because the next "Hot Zone" will be reached sooner than later! Trading Inside of the Hot Zone will expose yourself to bank manipulation and stop loss hunts as the "hot zones" is where the 99 percent hang out! Please wait for a confirmation of a trend...
Details On The Chart! Forecast says 10 days on the Tradingview Forecast Tool! Good Luck!
Details on the chart! Sell to the .618 Fib Area! Good Luck!
Price will move down until the next area. Look Left! See how many times price has rejected this area? See the Green Arrows? Can price move straight down through this area? Yes It Can!!!! But If you short, The Best Area to Take Profit Is the Structure Level you see in this chart!
Here I have used a line chart to draw the trend structure areas on the chart. I see the double top as the start of a new trend. I see the structure levels as how trade will move down to the Fib .618 level! This is how I see it only! I hope this helps with anyone who has entered the trade!
The overall Trend is down with rsi divergence on hour 4 but just a little update! It looks like price is going to create a double top trend reversal on hour 4 before falling! If you entered already, please adjust your stop loss above the area where the double top will form! If you have not entered, please wait for the double top and then enter on a sell limit or...
On the daily candlestick analysis , you can see that yesterday price could not make it higher! If you go to hour 4 you can see extreme rsi divergence on hour 4 ... I simply drew the fib retracement to the .618 for the take profit area! Hope you enjoy!!!
As you can see, we lost our ucad buy even though we traded it according to the trend! A higher low was expected and it moved up 50 pips giving a buy signal on the way up and then totally moved down! Very Upsetting! U can see the trend structure on the chart and u can see what was expected and what really happened. I believe that this is something we can learn from!
Info On The Chart! Kind of hard to see it but price did reject weekly support ... So im holding a long!
So again, We have a falling wedge on USD/CAD and we are looking for the breakout of the pattern to the upside. WE ARE GETTING IT NOW! Do not forget about the retest after the breakout! Please hit the like button as my ideas will not be posted as often in the near future!
This is what we were waiting for! Sell!
On Aud/Usd we know a retracement is due and we have the reversal pattern setting up on hour 1! Trade the breakout of this reversal pattern by using your PENDING SELL ORDERS!!!! Trade this reversal down to the .618 Fib Retracement Level!!!!! DO NOT ENTER SELL NOW!!! This is not the correct way to trade!