We had a channel breakout. Price currently within a falling wedge. Looking to retest the channe'l's upper trendline before continuing back up.
Pretty self-explanatory. Bars pattern copied has been adjusted in size. Continued likeness = potential drop to 2600 levels.
EURUSD is in a channel, gearing up for long, but in a short vision, i think it has to retest 1.09, target of the head and shoulders. After the big red candle, wait for a small pullback under EMA followed by red candle. or something similar. If it will show buyers' strenght, long on close above the head.
It's just a simple analysis, no one can predict the market! Always Trade your plan.
USDEUR has high probability to drop, reasons: Overbought (Yellow) in 85m 2H time frames indicated by "9 Seasons Rainbow Multiple Time Frames Pattern PRO" Indicator; RSI Divergence Previous Resistance: 0.892 Previous ascending channel has been broken. Target 1: 0.884 Fib 0.618 Target 2: 0.881 Fib 0.382 Target 3: 0.873 Fib 0.236 STOP: 0.893 Some factor...
This descending channel meant you could have been buying at every bottom trend line touch with take profits once it hits the top. Risky moves were selling from the top to the bottom VERY close to major support structure area. BIG BUY coming up DON'T miss this - an UNCOMFORTABLE lot size on this move will go a LONG way in proving that patterns are KING! "IF YOU...
SPY is in a tricky situation here. Currently it is stuck in a short term ascending channel. The breakdown point could be any day now as the daily Stoch and RSI are reaching overbought levels. One it breaks down, the next point to watch is the long term support level from back in 2017 at $254. From there it can either break below that, or rise back up to the four...
AUDUSD after a tremendous bout of bullish strength, price is due for a correction. Currently the price action is moving correctively to the upside, showing signs it's ready to head lower anytime soon. The move down will be a very welcomed one as I am very bullish long-term on this pair (see prior analysis). A correction lower will provide an opportunity to add...
Pros Channel-break. Double top confirmed. The dollar is strengthening. Cons Countertrend. Strategy I'm gonna try to sell on pullback. I think the double top projection is too agressive. That's because i put it on 38/50% zone. The stop is above the support zone and channel uptrend. The divergence on hourly timeframe can cause a pullback to enter short.
Our pair has been trading for a long time in the corridor. For two weeks it had found levels of support and resistance on the levels of 1.2755 and 1.2890 However, yesterday the dollar went on the offensive and overcame the upper boundary of the channel. At the moment, we assume that the pair will continue the upward movement to the next resistance level drawn on...
EURCAD broke out of the uptrend channel & formed a double bottom with a stop hunt on the 1hr time frame. this could mean a pullback to re-test the channel or resistance area 1.52479 at which TP 1 profit will be booked in. if it breaks back into the channel, we looking at 12: 1 trade where TP 2 at 1.5695 and TP3 at 1.6098 could be reached.
Our pair has gone beyond the descending channel and is currently demonstrating growth. Against the backdrop of investors' expectations that the interest rate will be raised at the next Fed meeting, investors are returning their interest in the dollar. Given that our price has received a new upward support line we can expect further growth in the pair. In case...
Hi guys, I want to share my vision of USDJPY. I was looking at this pair for the last days and waiting for a nice trade opportunity, finally i found a great pattern that could make a lot of pips. As you can see, we have a inverted Shoulder Head Shoulder pattern with a breakout of the channel, when a breakout happens, mostly i wait for a retest of previous...