We are currently trapped in consolidation which is part of the structure completion for our bullish flag pattern as displayed on the setup, we should now wait for a confirmation which should be a break and retest of the zones
We are currently retesting a major trendline breakout to proceed with the down trend , so we should be looking for a long term sell based on the daily timeframe as projected on the setup
We current have a double bottom pattern and we have broken out of the double bottom we should see price push high as we are currently onthe neckline of the previously broken structure
we currently have a bullish wedge indicating strong upside momentum to retest the 122.xx region and from there on we will get a strong impulse move to create a massive low beneath the last low create slightly underneat 100.00
GbpUsd has completed the LEFT SHOULDER, THE HEAD and now its on its way down to form THE RIGHT SHOULDER which should than create our inverted heads and shoulder pattern giving us a longterm buy signal above the neckline......
We are currently testing a major support on this pair and we have a resistance that needs to by tested o the 0.66000 and that us where prize is going according to the H4 price rejection and also the H1 double bottom or better known as a"W" giving us confirmation for the buy till the mentioned resistance
Support and resistance indicates that we should have a retest of the last broken zone based on a weekly and daily
we currently have a bullish wedge pattern confirmation, which strongly indicates strong bullish movement and this setup is visible on our Monthly timeframe. Also indicate above is our zone of resistance which happens to be our target for our TP.
WE CURRENT HAVE BEEN SUSPENDED BY A CHANEL(CONSOLIDATION) AND AS WE CAN SEE MOMENTUM HAS MORE PONTENTIAL TO PUSH PRICE LOWER AND ONE OTER CONFIRMATION IS THE TRIPLE TOP FORMATION ON THE DAILY TIME FRAME
According to momentum price must push lower into nextyear creating our lows for the start of next year, retesting the Engulfing candle
We currently have a break and retest on the trendline and also we have price action coming into play, with multiple rejections on smaller timezone which also correlate with the resistance
Simple and neat. need I say more? this is opened for discussion
AS WE CAN ALL SEE NAS100 US100 USTEC has given us stronger signs for further downward MOMENTUM or movement based on our weekly which has given us a falling wedge reversal structure
WE SHOULD SEE NASDAQ SELL IN THE COMING DAYS AS WE CAN SEE THE PATTERN THATS VISIBLE ON THE H4 , AWAITING IT TO COMPLETE THE DOUBLE TOP ON THE H4 ISSUING OUR REVERSAL STRUCTURE
we currently are in completion of a bearish structure where price should have a strong impulse move to the lower zones highlighted on the analysis so there is your free signal for this week!!
We are going in short on this one reasons are that we have a gap that needs to filled @104.999 and also we are currently on a good zone of resistance you may either wait for a breakout of the trend line or you may take the trade now!! and than we will have an impulse move to the upside
We are currently on a uptrend which is to complete the "Bearish rising wedge" Pattern which when it touches the upper trend line we should than anticipate a movement to the lower trend line and we should wait to get a breakout confirmation pushing price low