Yearn-Forex

Yearn-Forex Updated 

A bearish head & shoulders pattern is nearing completion at a daily resistance level. The daily chart has also closed as a bearish pinbar rejecting resistance. I'll wait for a break and retest of the neckline before selling. The 3 profit targets are based purely on structure. I'll most likely take all profit at the conservative target. YEARN-FOREX

Yearn-Forex

The market has been in a bearish trend and is retesting previous support turned resistance. The most obvious move for the next leg is to retest support at 1.305. The daily candle has also closed as a bearish pinbar at resistance giving more confluence to potential downside. Trade with caution as NFP results will be released before the close of the trading...

Yearn-Forex Updated 

Market is currently in a bearish trend. Support has been broken on the daily timeframe and yesterdays candle has printed a bearish engulfing candle rejecting the previous support level. I've placed a sell limit order as i'm expecting one last test of resistance before the bearish continuation. ENTRY: 75.00 STOP LOSS: 75.69 TARGET: 73.9 YEARN-FOREX

Yearn-Forex

The market has tested this support level 3 times with more buying momentum depleting after each test. Now that the market is consolidating at support, it indicates that there are few buyers left and a down move is coming. I'll be waiting for a break and retest of support before shorting until the next support level which is a daily support level at 1.29500. YEARN-FOREX

Yearn-Forex

An inverted head & shoulders pattern has just completed on the 4 hour timeframe. The neckline is also a level of structure on the daily timeframe having previously been tested as resistance and support. Trade with caution as the daily timeframe has shown signs of indecision. YEARN-FOREX

Yearn-Forex

EURUSD had lost more bullish momentum with each test of support. Now that support has broken im waiting for a retest before selling. Target will be the daily support at 1.1455 YEARN-FOREX

Yearn-Forex

This could be the beginning of new highs on the nasdaq. Resistance was broken and tested twice as support. Yesterdays candle closed very bullish rejecting support. You could either enter at market or wait for a double bottom (retest of the support zone) in order to get a better entry. YEARN-FOREX

Yearn-Forex

Wait for a retest of resistance for a better entry into this bearish trend. GBPUSD is making new lows, DXY is looking bullish. Expecting the dollar to keep strengthening. The next major level of support is 1.31. YEARN-FOREX

Yearn-Forex Updated 

The market has broken through the daily and 4 hour support level. With each new test of this level, the size of the bullish rejection was less and less. Now that support is broken the im expecting a bearish move until the next support level at 0.736. YEARN-FOREX

Yearn-Forex Updated 

Selling momentum is lost with each test of resistance. This indicates that buyers will likely takeover. I'm waiting for a break of resistance before placing a trade. The resistance is also the neckline of an inverted head & shoulders on the daily chart. YEARN-FOREX

Yearn-Forex

This h&s on the daily chart which formed at a weekly support level has nearly completed. Once completed, i'll be looking to the 4 hour chart to more accurately place an entry. The most obvious target which is the next resistance level will be at 113.00. The market has also been consolidating at the neckline meaning the selling momentum is dying down. YEARN-FOREX

Yearn-Forex

The markets have closed. Fridays candle has closed as a bearish pinbar rejecting previous structure. This provides confluence for an expected bearish move next week. I'll be looking to the lower timeframes, mainly the 4 &1 hour chart, to confirm a sell. YEARN-FOREX

Yearn-Forex Updated 

The market has been losing bullish momentum with each test of the support zone. This is a good indication of an incoming down move. Support is now broken and is being tested as resistance. There is also confluence on the daily chart with yesterdays candle closing as a bearish engulfing. Entry: 0.76 Target: 0.75 Stop Loss: 0.767 YEARN-FOREX

Yearn-Forex Updated 

Yesterdays daily candle is looking very bearish. It closed engulfing the previous day candle and breaking a major support level. I'm expecting a continuation of this bearish move but will wait for a retest of resistance before selling. Targets will be the previous daily support level and stops are just above previous highs. TARGETS: 1.739 ENTRY: 1.76 STOP LOSS:...

Yearn-Forex

Similar analysis to GBPAUD. Yesterdays daily candle has closed as a bearish engulfing candle and has broken the lows of support. I'm expecting continued downside until the previous support level. TARGETS: 1.683 ENTRY: 1.71 STOP LOSS: 1.724 YEARN-FOREX

Yearn-Forex Updated 

This overall market has been bearish for some time. The last 2 daily candles have indicated that more selling pressure is likely to come. I'll be waiting for a break of 1.501 on a lower timeframe and retest of that level before selling. Targets will be at 1.4900.

Yearn-Forex

Yesterdays daily candle closed as a bearish engulfing candle rejecting resistance. This indicates we could see more bearish momentum. I'll be looking for a sell if the market retests the zone at 0.725 which is a previous support zone on the 4 hour chart.

Yearn-Forex

The market is currently at a daily support zone (0.89) and forming a head & shoulders pattern. There could be potential upside if we see a break and retest of the neckline of this pattern.