Boogeyman123

Boogeyman123

Shorting Potential: - Double top - Price has rejected major resistance. - Price came back to re-test local up trendline and rejected it. - Price rejected the 618 level. - Evening Star pattern + Now we have just closed with an engulfing bearish candle signalling a shorting potential. - Divergence in RSI on 2HR TF and slowing buying momentum signalling a change...

Boogeyman123

Following on from the EURUSD posted; GBPUSD has a more ready to go shorting entry right now on the 1HR timeframe. 1) At resistance of the down channel; while just completing a bearish Head and Shoulders from Friday. 2) RSI was in oversold territory on Friday and price never hit the overbought green line; signalling a bearish move to come. 3) Bearish engulfing...

Boogeyman123

Looking to short EUR. 1) Bearish Pennant forming 2) strong resistance at the 618 fib level 3) Strong divergence on RIS and MACD 4) Slowing buying momentum seen in MACD, volume and other other indictors. ** Although price didn't rise to the top of main down channel I am still confident that this would play out given we have all the odds on our side ** **...

Boogeyman123

Short term SHORT 1) Bearish Head & Shoulders here 2) Price has rejected resistance of the small down channel. 3) Good opportunity to enter short on the right shoulder of the bearish H&S ** Targets at the 618 Fib support level before looking for a long on Monday **

Boogeyman123

EUR/CAD Triple bottom 1) Reversal indication on RSI - Convergence 2) Price at 1.299 acting as strong support. 3) I would like to see price come back down to that level, then price action (bullish engulfing candle) to display before entering for a long. Small SL with good R:R Ratio 1 : 5.22 ~ Risk : Reward

Boogeyman123

Short at main downtrend line resistance 1) Rising Wedge - shorting opportunity 2) Price got rejected many times at the 618 resistance level 3) Great R:R ratio with bias in our favour 4) Divergence

Boogeyman123

Looking at a potential short here. 1) Price at resistance. Main down trendline 2) Rising wedge - bearish signal 3) Divergence