Pattern: Channel Down on 1D. Signal: Bearish as the price was rejected on the Lower High. Target: 2.155 (the previous Lower Low and current Support). Extension can be made to 2.000 for risk seekers.
Pattern: Ascending Triangle on 4H. Signal: Bullish as it approaches both the Support and the MA200. Target: 61.90 (symmetry of Higher Highs).
Pattern: Channel Up on 1W. Signal: Bullish after a similar sequence has been spotted both on the candle and RSI action. Target: 2.1400 (1D Resistance).
Pattern: Channel Up on 4H. Signal: Bullish as long as the 4H Support holds or the Golden Cross takes place. Target: 59.50 (mid term) 63.80 (long term).
Pattern: Emerging Channel Up on 1W. Symmetrical pattern with 2018. Signal: Bullish after the 1W Support was tested. Target: 66.70.
Pattern: Channel Up on 4H. Signal: Bullish after it bounced on the 1D Support and broke the previous Channel Down. Target: 2.0400 (next Resistance).
Pattern: Channel Down on 4H. Signal: Bearish as the price is near the Lower High. Target: 2.350, which is the expected Lower Low based on fractal analysis.
I am not going to over analyze this. Just a little possibility that the pitch fan indicates. As long as the median provides Support (which was converted from a Resistance on the previous bullish leg) the 70.00 medium term target is possible. These indicators show that under those circumstances another +11% bullish sequence is certainly possible. I know it may...
We all know WTI oil is bullish. It has been so since the violent bottom last December. The question is where it is better to buy? Two scenarios: 1. The former Higher High Resistance (red line) has become a Support and the 1D Channel Up breaks aggressively upwards. So far it has provided support twice. 2. The 1D Channel Up pulls back and makes a Higher Low near...
Pattern: Channel Up on 1D. Signal: Bullish if then price pulls back near 1.8900. Target: 1.9800 (projected Higher High of the pattern).
Pattern: 4H Channel Down. Signal: Bearish after a Lower High was made yesterday. Target: 2.641 (estimated Lower Low).
Pattern: Fibonacci retracement. Signal: Bullish as it rebounded on the 1M Suppport Zone. Target: TP1 3.450 (0.382 Fibonacci) TP2 3.720 (0.500 Fibonacci).
NZDJPY, NZD 1k short vs 4k long last week i.e long erased. in Jpy no change in this week. weakness in nzd may cause to move down for targets 74.00, 73.40 & 72.50
Self explanatory chart. The entries and targets depend upon which Channel Up prevails after the 69.00 test. In any case buying the dip with TP 70.00 and 71.00 is best suited.