Hiddendivergence
EURUSD; bearish trend continuationPesavento triangle preceding trendline break and re-test with hidden divergence confirming bearish strength
When price is trading 61.8% in the direction of trend, move stops to entry point. This will give a risk free trade.
Price objective should be the low of the triangle, with potential extension targets plotted on this chart:
Good luck to all trading EUR/USD !
NASDAQ - US100 - NQ1! - SHORT - H1 - Intraday Analysis - NASDAQ - US100 - NQ1! - SHORT - H1 - Intraday Analysis
We have a still a bullish Parallel Channel on the H4 & H1 chart and the major trend is bullish.
But we have a bearish reversal now with an Inverse head and shoulders pattern and also a hidden bearish divergence on the stochastic H1.
Now we are waiting for a pullback on the trend line to consider to enter short.
Our first target will be the 0.382 Fibonacci Level and second target the 0.786 Level.
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Entry: 9450.00 | Stoploss: 9520.00 | Takeprofit1: 9350.00 | Takeprofit2: 9240.00 |
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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GBPJPY: Trend continuationCypher pattern appearing on GBP/JPY. RSI confirms a bearish bias, therefor short positions have been taken.
Grey highlighted box illustrates a price in which the market found both support and resistance within a relative short period of time.
Some people will say the chart looks like a Head & Shoulders, and I would agree if I did not know better. If you look on the left side on the chart, you will see that we have plenty of room to go in terms of demand which probably will end up getting filled atleast once again. We could potentially end up testing the initial support at a very psychological and major support level at 124.
Hope you enjoyed the analysis and good luck to all trading GBP/JPY!!