Charles-OW

Charles-OW

From what I can see, price has created a M pattern. M patterns are usually created when price is continuing its bearish momentum. Going by that, I’m expecting price to retest the support it has broken before continuing downwards.

Charles-OW Updated 

This will be my last time trying to short this pair. I still believe it will reverse. I believe the resistance area of 1.71900 on the 4H timeframe will be strong enough to change to momentum of this pair.

Charles-OW

I previously thought that this pair would become bullish after creating an ascending triangle, I was wrong. Price has broken the triangle to the downside. Now I’m expecting a retest of the triangle before a continuation to the downside.

Charles-OW Updated 

Price is starting to look weak now, so I believe a reversal could happen. This why I’ve jumped in for a sell.

Charles-OW Updated 

Price created an ascending triangle, broke through it to the upside and now looks to be coming back to retest it before continuing its bullish momentum.

Charles-OW Updated 

By the looks of it, price has made an ascending triangle on the 30M timeframe. Since price is bullish on the higher timeframes, I expect the ascending triangle to be respected.

Charles-OW

Price failed to break the support area of 0.65400. This looks to be resulting in price going back up to the area of 0.66300. If this happens, a head & shoulder pattern could occur if the area holds.

Charles-OW

Price is finding it difficult to break the resistance area of 1.59000. In the process of trying to break the area, price created an ascending triangle but failed to break through it to the upside. Since it’s broken the triangle to the downside, I’m expecting a retest of the triangle before price continues its bearish momentum.

Charles-OW Updated 

With this pairs break of the support and following the descending trend line religiously, I’m expecting the bullish momentum to continue when price retests the resistance and trend line.

Charles-OW Updated 

At the moment, price is consolidating between the resistance area of 1815.00 and the support area of 1760.00. Since this consolidation is happening after the bearish momentum price had in November, I’m expecting price to break the consolidation zone after revisiting the resistance area.

Charles-OW Updated 

By the looks of it, this pair is in a bearish momentum after price created a head & shoulder pattern. I’m expecting the momentum to continue after price closes below the neckline.

Charles-OW

Possible break & retest of the ascending trend line. Something to keep an eye on next week.

Charles-OW

A couple days ago, I posted an idea for this pair with a possibility a cup & handle pattern. Unfortunately, the bullish momentum didn’t hold and subsequently price came back underneath the resistance area. Now there’s a possibility of a head & shoulder pattern on the 4H timeframe.

Charles-OW

On the start of this week, I posted an idea about this pair travelling in-between the resistance and support. I’m going with the same idea for next week.

Charles-OW

Possible head & shoulder pattern on the 1H timeframe. Something to keep an eye on during the start of the week.

Charles-OW

At the moment, price is at the resistance area of 1.70700. If it fails to break through to the upside, there’s a possibility that price will create an inverse head & shoulder pattern.

Charles-OW

By the looks of it, this pair has made a descending triangle pattern on the 1H timeframe.

Charles-OW Updated 

From what I can see, price has broken through my marked resistance and has come back and retested the area.