lets go with that bull flag and inverse heads and shoulders
Nice divergence on RSI Double Top Break + Retest of trend line 38.2% TP 1 50% TP 2
Price is breaking trendline, time for another wave down to the bottom
Here we have NZDCHF on a daily chart Price have hit the 88.6% fib retracement level, sell on breakout to continue downtrend
expecting a rebound from the 78.6% fib + inverse heads and shoulders, keep a lookout for a bullish signal to go for long.
Still short on the pair, be careful going long! To me this is a great opportunity to get short to the 61.8% fib level.
Daily trend line holding well, We'll be looking for a long, price has now closed above tenkan-sen (orange line) and our kijun-sen (blue line) is flat. Expecting an upward correction now. I'm long in this.
On the weekly TF, price has revisited the kijun-sen. We'll see if the KS holds (Blue line), if it does, we'll be looking for that short all the way down. Massive divergence spotted in the AO.
Prices have finally moved out of the cloud and consolidated below the stubborn uptrend Now we have prices below the Kijun-sen and Tenkan-sen on the daily, with a crossover in the kumo cloud on its way. With the AO in the negative territory, this short trade could turn out perfect. Our target will be the 61.8% fib level of the upward channel. Leave your...
We have many reasons to get into the short position here 1) 4hour trend continuation, going with the trend is always less risky as to opposing it 2) 78.6% fib resistance level from previous swing high to low 3) Heads and Shoulders structure formed, Double Top too 4) Divergence Spotted in the AO 5) AO getting into negative territory 6) Now we have a large bearish...
Possible retest of the trend line, still waiting market to close below the neckline for further bearishness. Taking a short here with a tight stoploss
Here we have a nice set up on the daily TF. Hawkish FOMC should fuel speculations of a rate hike in June. Remember to leave your comments and give a thumbs up if you agree and like my idea! Thanks and goodluck everyone