The dollar index was moved up recent a few months. According to the RSI it is almost reached to the top. Thus, it is better to look for short position for usd currencies.
Higher timeframe bearish triangle and lower timeframe ascending channel. It is good bearish sign to enter. Now I am waiting the price to hit the top of the HTF channel and pattern bearish LTF pattern. Then I will enter according to the my risk management
In higher time frame, it is forming ascending channel. Also, in the lower time, it is forming some kind of ascending channel. That is why it is possible sign to enter short on AUDCAD
The silver chart is forming triangle pattern that have potential to go down. RSI is also indicating the reverse sign. Now I am waiting only lower time frame bearish pattern to enter this trade.
I think that the EURNOK will go up significantly because of the confirmation pattern. After a few months, the pattern have broken and now the small confirmation pattern is forming. Thus, I have opened the long position on EURNOK
Due to the following reason, the long position is good for me.
1. Higher time frame shows the ascending channel
2. Also lower time frame shows the ascending channel too. Thus it is much more possible that price will go beyond the channel
The Higher Time Frame is looking bearish for the BTC. Also, the lower time frame shows the descending channel. Last, it is forming the M patter in lower time frame. Thus, it is better to enter short position on BTC
After several days of crush, the long position is looking possible due to the higher time frame descending channel. Also, in lower time frame, the descending channel is also forming. Thus, it may be the good confirmation to enter the long position
It is looking more short than long because of the following reasons.
1. Higher time frame ascending channel
2. Medium time frame reverser pattern
3. Lower time frame reverser triangle pattern
Thus, short is the best option.
Hello.
Matic is at the top of the ascending channel and it is showing the ascending channel in lower time frame. Thus, it can be the sign of the reversal.
