ABTUSD just recently hit the full target of its linear chart’s recent bull flag breakout and in the process filled out this beautifully sculpted cup that I thought would take several daily candles to complete a handle of before continuing to move upward….to my surprise price decided to only let the handle develop on the 30minute-2hr chart before breaking above the...
Like the EUR/USD this pair looks amazing on the ADX Breakout strategy once tuned properly. It even has far less draw down! The one thing i did notice is like what is shown on the chart. GBP/JPY does have a tendency to near the limit order and then make a run in the opposite direction occasionally. So in an attempt to see if i can trim losses while maintaining a...
Don't miss this opportunity with GBPUSD to kick start the week ahead. DXY is bearish, and GBPUSD is holding above Fibonacci and 200sma.
AUDUSD looks like it has found its potential top after a very bullish November, and could drop as far as 0.73 / 0.72850 region.
USDJPY has held above Fibonacci and looks to test 104.000.
Potential AUDUSD reversal at Fibonacci, as the SMA's need time to cross.
GBPJPY UPSIDE - 30 MIN CHART Fibonacci support has been found and 200 SMA has held the price.
We must remember on a timeframe this low many chart patterns will end up being fakeouts but one or both of these could very easily trigger. Wise to eb prepared for a fakeout as well though since its on such a small timeframe. *not financial advice*