On the H1 chart there was a triangle pattern that was broken to the downside. I expect the price to continue lower so I will be looking to join this bearish move. Here is an idea for a sell:
Technical Analysis:
H1 – triangle
M15 – trend line and hidden bearish divergence
Entry:
Look for bearish candle pattern now that the price is near the resistance zone and the down trend line.
Targets: Aim at least last support zone as first target and leave the other part of the trade running.
Yours,
Vladimir
Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of December…
US stocks futures held gains as Asian and European equities set the pace on Thursday,…
Hi Traders! US Dollar Index short term forecast and technical analysis is here. We do…
Hi Traders! Dow Jones short term forecast update and follow up is here. On October…
Hi Traders! EURNZD short term forecast and technical analysis is here. We do our analysis…
Hi Traders! Silver short term forecast update and follow up is here. On October 15th,…