Yearn-Forex

Yearn-Forex

Both the daily and the weekly timeframe have formed bearish flags while in strong downtrends. The market is currently consolidating at support and buyers seem unable to push the price any higher. I'm waiting for a break of support before selling this market.

Yearn-Forex

The market was consolidating at support for the entire previous week indicating a lack of buyers at that price. Now that support is broken I expect a bearish move until at least 82.00. I'll be looking for a retest of previous support now resistance in order to get a better entry.

Yearn-Forex

The market is in a strong bearish trend. The past 2 trading days has seen the NZDUSD consolidating on the 4 hour timeframe. I'm anticipating one last test of resistance before a constinuation of the bearish trend. Entry: 0.709 TP: 0.7 SL: 0.714

Yearn-Forex Updated 

After some consolidation at support, the price broke through with very strong bearish momentum. I'm anticipating one final retest of resistance before a continued move down. Entry: 1320.6 SL:1328.1 TP:1310.8 Always use strict risk management

Yearn-Forex

GBPCAD has been bearish for some time. After consolidating at support the whole week, the market finally broke through with a strong bearish momentum. I'm expecting further downside but I'll wait for a retest of resistance, before selling, in order to get a better entry.

Yearn-Forex

A bullish head & shoulders closed last week on the daily timeframe. Also valid on the 4 hour. Wait for a break of resistance and a retest of support before entering a long position. I will update this trade if the market plays out accordingly.

Yearn-Forex

The market has broken through structure and formed a bearish flag. Yesterdays daily candle has closed as a bearish pinbar rejecting resistance. I'm expecting continued downside however im cautious because of the minor support zone below the flag. I'll wait for the zone to be broken before looking for a clear short opportunity.

Yearn-Forex

The market is currently at a daily support zone. Bullish momentum is fading with each test of the zone. This indicates there are few buyers left and a bearish move is likely. I'll look for a signal to short if support is broken.

Yearn-Forex

Each level of structure is respected when retested, because of this expecting a continuation of the uptrend.

Yearn-Forex

The daily chart has been finding resistance at a previous support level. A head & shoulders has formed on the 4 hour timeframe. Wait for a break and retest of the neckline before selling.

Yearn-Forex

Yesterdays daily candle closed as a strong bearish engulfing candle rejecting previous structure. The market has also broken through a support level on the 4 hour chart. I'll be looking for a retest of resistance before entering short.

Yearn-Forex

Arguable my favourite pattern to trade in forex has formed on BTCUSD. The pattern is not at a major resistance level so I don't think it holds much weight. However it will be interesting to see how it plays out.

Yearn-Forex

The market has broken the previous resistance zone (66.2) and has retested the level as support with the daily candle closing as a bullish pinbar.

Yearn-Forex

USDCAD has been in a strong bearish trend for a while. This is a simple trade idea for anyone looking to get in on the trend. The market found support and consolidated before breaking support. The same level will soon be tested as resistance. This may be a good level to enter a short position.

Yearn-Forex Updated 

The market has retraced to an area of previous support and is now finding resistance. The 1 hour chart has formed a bearish head and shoulders pattern. I'll be waiting for a break and retest of the neckline before entry.

Yearn-Forex

The market has been consolidating for a while and is losing buying momentum with each test of support. I'll be looking for confirmation to sell if support is broken.

Yearn-Forex

This pattern which is forming on a daily support zone may complete as a head and shoulders. There may be an opportunity to go long if it does.

Yearn-Forex

I've been expecting downside since the daily chart formed a double top. On the 4 hour chart, the market has been consolidating at for a while and there seems to be no buying pressure. I'll be looing for a sell if the support (83.2) breaks.