lCrn49

lCrn49

-Hello everybody! -On a 4-hour chart, we can see that the price was moving in a bearish direction and recently the price tested and rejected support area with few bullish candles. -We can see that the support area is pretty strong because we had multiple rejections in the past so I consider that zone as a pretty solid one. -We can see that the price is in an...

lCrn49

Hello everyone! -On a 4-hour chart, we can see the unfinished head and shoulders pattern. -Head and shoulders pattern is a reversal pattern so we can expect that the price is going to change direction if the patter completes its full form. -When this pattern finishes its right shoulder in the correct way then we can try to find the best entry for this...

lCrn49

Hello everybody! -On a 1-hour chart, we can see that the price formed head and shoulders pattern,... -Head and shoulders pattern is a reversal pattern so we may expect that the price is going to start moving in a bearish direction! -On a 4 hour base, GBP is stronger than EUR and on the 1-hour base, GBP is still stronger than EUR. -If GBP remains stronger than...

lCrn49

Hello everyone! -On a daily chart, we can see that the price formed bullish engulfing on a solid support line. -We can see that the bulls gained some power on Friday while the rest of the week the bears were in control. -WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section! THANKS FOR READING! -If you have some different opinions...

lCrn49

Hello everybody! -On a 4-hour chart, we can see that the price reached a resistance area, and then the price formed a very nice double top pattern. -We can see that the price is forming bearish engulfing right now and that is a strong reversal signal. -On a Stochastic indicator, we can see that the price is in an overbought condition so we may expect some...

lCrn49

Hello everyone! On a 4-hour, chart, we can see that the price formed very nice head and shoulders pattern. -Head and shoulders is a reversal pattern and that means that the price may go in a bearish direction. -On a daily base, EUR is stronger than GBP but on a 4-hour base, GBP is stronger. -If GBP remains stronger then we can expect bearish movement. -WHAT...

lCrn49

Hello everybody! -On a 1-hour chart, we can see that the price reached the support area and we can see that the price is forming bullish engulfing so we may have very nice bullish setup. -On a stochastic indicator, we can see that the price is in an oversold condition and that is an additional confirmation to take a long position. -On a 4-hour base, USD and CHF...

lCrn49

Hello everybody! -On a 1-hour time frame, we can see a very strong movement in a bullish direction. -Now we can see that the price is testing and rejecting resistance with a solid bearish candle. -We can see that the price is forming a strong bearish candle and we can also see that the price is in the overbought condition on a stochastic indicator. -If the...

lCrn49

Hello everybody! -On a 4-hour time frame, we can see that the price made a very nice pullback and we can see that the price tested and rejected 50% Fibonacci level with a nice bullish candle. -On the Stochastic indicator, we can see that the price formed a bullish hidden divergence, that is a sign that the bullish move may continue. -On a 4-hour base, USD is...

lCrn49

Hello everybody! -On a 4-hour time frame, we can see that the price formed a very nice head and shoulders pattern. -Head and shoulders pattern is a reversal pattern so and it is a sign that the price may change its direction into a bearish direction. -On a daily base GBP and USD are on a similar level and on a 4-hour base, GBP is is just a little bit stronger...

lCrn49 Updated 

Hello everybody! -On a daily chart, we can see that the price formed a double top pattern. -The double top pattern is a reversal pattern so we may expect some bearish movement. -We can see that the double top pattern tested and rejected dynamic and static resistance. Dynamic resistance is a 200 period simple moving average(blue) and static resistance is a...

lCrn49

Hello everybody! -On a 4-hour time frame, we can see that the price reached support, and then the price tested and rejected that zone. -We can see that the price started moving in a bullish direction after retest. -We can see that the stochastic indicator is in an oversold area and we can see that stochastic indicator made a crossover. -On a 4-hour base, USD...

lCrn49

Hello everyone! -On a 4-hour time frame, we can see that the price formed bullish hidden divergence and that is a solid sign that the rice may continue moving in a bullish direction. -We can see that the price formed a very nice bullish engulfing pattern so that is also a very solid sign that the bulls are going some power. -On a 4-hour base USD is very weak...

lCrn49

Hello everybody! -On a 1-hour chart, we can see that the price reached a support zone and we can see that the price is forming bullish hidden divergence, which is a solid sign for a continuation in a bullish direction. -On a daily 1-hour base GBP is a little bit stronger than USD and on a 4-hour base, GBP is weaker than USD. -If GBP remains stronger than USD...

lCrn49

Hello everyone! -On a daily chart, we can see that the price reached a strong resistance line(we had plenty of rejections). -We can see that the price and Stochastic indicator formed a nice bearish hidden divergence and that is a sign that the trend might continue moving in that direction. -On a weekly base, GBP is a little bit stronger than JPY and on a daily...

lCrn49

Hello everybody, I want to share this with you! -On a daily chart, we can see that the price reached a strong resistance level( we had multiple touches on that line so I consider it as a strong resistance level). -We can see that the price is forming a double top pattern and that is a sign that the price might reverse. -On stochastic indicator, we can see that...

lCrn49

Hello everybody! -On a 4-hour chart, we can see that the price reached 50% Fibonacci level and we can see that the price is just a few pips under the 200 period EMA. -On the Stochastic indicator, we can see that the price is deep in an overbought area so we might expect that the bears are going to take some control and push the price in a bearish direction. -We...

lCrn49

Hello everybody! -On a 1-hour chart, we can see that the price formed a very nice triangle pattern. -We can expect that the price is going to break through the resistance line or that the price is going to break the support line of a triangle pattern. -On a daily base USD and JPY are at a similar level but USD is just little bit stronger and on a 4-hour base,...