UnknownUnicorn8360477

UnknownUnicorn8360477

This is an update from my previous post. Again, price has rejected the neckline of the M formation and it formed a triple top at that level. Expecting a continuation to the downside.

UnknownUnicorn8360477

Earlier today I posted an idea for GBPCHF long; however, price strongly rejected the 4HR resistance. I saw a similar opportunity on EURCHF. This is a lower probability trade so I entered with reduced risk.

UnknownUnicorn8360477

Completion of the M formation which aligns with golden zone of the daily impulse. Short opportunities can be taken if price pulls back to resistance on the lower timeframe.

UnknownUnicorn8360477

This is an update on the idea posted last Sunday. Still looking for sell opportunities; however, AUDUSD has formed strong support at 0.7600 level.

UnknownUnicorn8360477

XXCHF pairs losing momentum and they are shifting to the upside. The highest probability trade of those correlated pairs is GBPCHF. Close above daily resistance will confirm long to 0.328 fib level on the daily impulse and potentially to the M formation of the daily.

UnknownUnicorn8360477

Price has been bullish since 26th March 2021, and it is due for a correction. I have zoomed out on the higher time frame and spotted monthly resistance at 118.6 level, which price has rejected 3 times since June 2017. Additionally, price is overbought and there is divergence on the 4HR timeframe.

UnknownUnicorn8360477

An inverted head and shoulders pattern is forming between a range. Currently, price is at the bottom of the range and it has the potential to continue to the upside to complete the M formation on the weekly. For additional confluences, long will be confirmed after price breaks above the head and shoulders neckline/above the range.

UnknownUnicorn8360477

As shown on the previous post, CHFJPY has been in a range and a sell opportunity was possible at the top of the range. However, price did not break the 4HR trends line for an entry. Now, price has break the 4HR support. Upon confirmation on a candle close below the level and a small pullback the first entry for a short position will be made. Another entry can be...

UnknownUnicorn8360477

Potential long to the daily resistance or completion of the daily M formation. One confluence for this move is price is overbought on the 4HR time frame.

UnknownUnicorn8360477

Potential long opportunity on USDJPY is price closed above the daily resistance. Possibility for price to complete the M formation on the daily.

UnknownUnicorn8360477

On the larger time frames price has a head and shoulder pattern and last week's candle closed below the weekly resistance at 0.7625. The current price action shows price moving in an upward channel. I will be looking for a short opportunity once price closed below the channel.

UnknownUnicorn8360477

Potential sell continuation on EURCAD, shown by the clear rejection from the 0.328 fib level. This is a lower probability trade, however the move to the downside is still possible. Entry can me made on the lower time frame with reduced risk.

UnknownUnicorn8360477

Price has completed the over extended M formation.

UnknownUnicorn8360477

Previous trade hit stop loss. However, there may still be an opportunity for a short if the candle close below the daily support.

UnknownUnicorn8360477

Price touched the first target, which is acting as daily support. However, before making the move price broke above the structure trapping buyers.

UnknownUnicorn8360477

Price completed the "M" formation (shown on the previous post). It is forming a lower low as well as approaching the 0.27 fib level.

UnknownUnicorn8360477

Price is range bound. Looking for potential short on the upper bound of the range.

UnknownUnicorn8360477

Completion of the "M" formation on the daily.