Break of flag pattern on hourly.. retesting the break now potential trade if the break holds, nearing daily resistance line.. expecting trend continuation.
THey guys, just highlighted the current formation, along with past similar formations that you should take a look at. If this goes as planned we are looking for the long ride down. ake a look at the MACD formations, as they are normally pretty insightful market moving indicators.
Looking to short, going to wait to see if it pushes up further, hugeee resistance area on the weekly, diverging same levels lower macd. going in, small position if it goes up ill continue to add.
USDCAD long, everyone is short! using the downward trend as a backing and the 4 h macd divergence for a while as well as rsi oversold. looking for a little bump. due to the huge downward move taking a small position.Feel as though with previous good CAD data rate hike was expected... therefore priced in which is what has caused the L/T down
EURCHF Short, all indicators diverging on daily, longer term hold, overbought, hitting trend resistance.........
Shorting EJ, overbought on weekly, daily, and 4 hour diverging indicators from price, 50-618 fib from overall trend expecting a rollover
NU set short area, expecting more bearish movement, looking for this 50% fib retracement past area of support/ resistance, RSI still has room expecting to go more into overbought territory. Although possibility to short off the current diagonal support line. Although expecting the finish of the E leg.
UC long possibilities, long off of secondary Trend line, 618 fib, and horizontal support. Possible that price traces back upward to back of trend line break, therefore going to look to short.
Looking for this area to short, broke the previous trend line, shorting off the 50-618 Fib, and past support/ resistance area.
Waiting for this area in order to short again.
Short, either off this resistance or may continue up to second resistance point. This is a higher resistance level with fib confirmation as well as downward trend line resistance.
Might be another downward movement, looking for long entry, on either break of resistance trend, or bounce off support area.