According to the formed return pattern, we can take a short position at this point
Hi everyone Since the price in the high timeframe has an uptrend, we can correct the recent downturn and trade in the uptrend.
One possible uptrend for the pound is the formation of a diamond pattern. . If this pattern is formed and the initial reaction is appropriate, we can make a long position
The price has reached the demand zone in high time frame. . After hunting the previous support, showed a good reaction. . We expect the price to rise in the coming weeks.
Hi everyone Nzdusd is expected to lower its price in the area and start a big uptrend. In this scenario, the market can follow the Diamond logo, which is a return pattern.
I expect the price to react to the specified zone and reach the target.
Short term Analysis on EUR/USD , show an Reversal 123 Pattern with Oversold Stochcastic and New Bullish Ichimoku cloud . Check also our Hight time frame Idea to have a Clear Idea. Link in Description.
Long positions can be taken. Break of a symmetrical triangle and retested Prices are above 200MA 123 trend change
Long positions can be taken based on: 123 Trend change Inverse head and shoulder pattern (retested) Prices above 200MA Strong RSI
Long positions can be taken: - 123 trend change confirmed above 621.60 - Strong RSI - Above 200 periods moving average Enter above 668 or let the price touch the trendline first and then look for a bullish candle.
Trend change confirmed at 21.85 based on 123 trend change criteria. Ascending triangle is broken. The stock is above 200 MA Next entry above 23.75 Target around 32. Good luck!
Pattern: 123 Levels : As described Stop : Above 3 GL
The longer term uptrend that has been in place with this pair since March of this year is now looking to continue. As the daily chart shows; price is now looking to test a crucial daily resistance level. Whilst price is in an overall trend higher, in the shorter term we have a bearish 1,2,3 reversal pattern that has formed to the downside. That is where this...
Since March of this year this pair has been in a roaring trend higher. However, in recent weeks price has been attempting to make a reversal with a 1,2,3 pattern on the daily chart. The level price is now pushing back into looks crucial for this pair. For any potential reversal lower this level will need to hold as a price flip resistance. If we can see that...
Price on this pair is in the last stages of attempting to form a 1,2,3 reversal pattern. After forming the lower high, price is now looking to test the daily chart support level. If this level breaks and the 1,2,3 pattern gets confirmed, then all the momentum would be lower. This would open the way for a lot of potential short trading opportunities.
Hello traders, in my trading I also watch some currency pairs and a very nice opportunity came up on FX:GBPJPY . In March we could see a rejection at a very strong support and since then a 1-2-3 pattern developed on the weekly chart. This is actually a textbook example of this pattern. Take a look :-) 1-2-3 - at a strong support - edge of the value area -...