WASTERONAUT

WASTERONAUT

The identification of the head and shoulder pattern of EURUSD indicates a clear signal that the bears will be in authority over the currency pair for a long period of time we can assume a month , two or more but within those periods the bulls wont back down easily. they will surely make some advances but will wont end well for them.

WASTERONAUT

From my previous post of AUDUSD timeframe analysis 5, 15, 30mins and 1hr had a pending sell signal but now taken over the market now. The bulls have little control now ; they can only make some advances that are insignificant in the long term. My advice is to short the pair in the swing trade obtaining huge profits starting from the weekly timeframe when market...

WASTERONAUT

5mins , 15mins, 30mins and 1hr time frame holds an incoming sell signal/ down trend for a short while it is supporting the weekly timeframe where price action will give bears authority over the market for a long period of time. The bulls are trying to push price upwards to get more traders on the side but the long term war will be won by the bears with a single...

WASTERONAUT

Confluence of market structure, bearish pin bars , support and resistance will fill the supply zone that been pending for a while now with continuous days of bearish bars.

WASTERONAUT

Looking from the perspective of market structure price has to break its support from 0.65140 since it formed a recent lower high for the bears. things could change and turn into an opportunity for the bulls when its resistance is broken ( 0.65466), then it will keep moving in that direction until it reaches its second resistance of 0.65673. Still with hope, when...

WASTERONAUT

With current price level my stance remains neutral because taking a position at the moment is a trap that one might regret. There are opportunities for bears and opportunities for bulls but resistance or support zone has to be broken first to see the direction price might move with. Zones with indication " 1 " are short term opportunities for both sides, zones...

WASTERONAUT

With regards to current price there is good opportunity to short USDJPY before the first support line is broken . As it fails price is driven down towards the second support zone within the channel. when price fails to break it moves back up to retest the resistance level of the channel or else the bears will keep authority over the market and drive price...