waiting for price to break to the upside or downside. upside break could signal uptrend continuation downside break could signal trend reversal
Looking for a continuation of the daily downtrend. Expecting a major push to the downside in the coming hours/days. Also showing overbought on multiple time frames.
Probably will hop into more short positions after the weekend. We have a double bottom formed on the 4H. We see the huge upside push from the neckline break. We should start seeing lower prices for GBPAUD next week as price makes it way back down to the neckline for a retest of the pattern. Most of my analysis are short term analysis. Not a long term bias, btw.
I am currently long on this pair. We can see price attempting to create a higher high. It does seem to be struggling with breaking the previous high of 1.26705 so I'll be keeping my eye on it. Once I see that it has been broken I would start looking for higher levels of price action to occur.
I love trading these small pullbacks. We have a clear three drive pattern, watching RSI shows price can't surpass the 67-68 levels. OVERBOUGHT. Sellers stepped in and continue to push price down. Possibly to test that support line I've drawn. Let me know your thoughts on pullbacks. We know this is a small pullback before another potential push to the upside.
At resistance on 4HR , looking for a short opportunity here we have it. Alligator crossover as well. price looks like it wants to test the bottom trend line for a third time.
Just showing a double bottom classic pattern or the "W" ....price broke the neckline, came back and retested it before shooting up.
short term short. Pretty sure price is going to try and tap the trend line one more time before pushing up again. Also watching the Alligator for any downward movement.
Clean and straight forward. Just following up from my previous GU idea. Still short on this one due to a potential M forming. Will be adding that to further analysis with a few indicators to wait for a push to the downside.
i'm still short here. haven't entered yet but the trend could be picking up after the movement yesterday. i could see price continue to drop. "M" pattern has also been completed.
Got our Alligator crossover on 30mins. Once it's over the blue line, it should appear on our 1hr which is when i will enter a short.
Looking to short GU to complete a prominent M pattern. Will also be looking for overbought conditions as well as an Alligator crossover to confirm a short bias.
We are watching EU to see if it wants to drop below 1.13000 levels. Currently it looks like we are having a small retracement before a larger move to the upside before a full reversal to levels below 1.13000.
Potential rising wedge forming. Also a downside crossover on the Alligator indicator.
PRICE REACHING POTENTIAL ZONE TO BE PUSHED BACK UPWARDS.
price still pretty high as shown by CCI. Looks like Alligator may be going back to a resting position before a sell breakout. Watching for SMA crossovers. Price could drive down to tap the previous low levels before (1.0613xx)
Showing overbought at a resistance level. Expecting some sort of pullback to 1.24209 before a possible continuation back up.