Very strong symmetrical triangle formation. 6 hit points getting closer and closer as the market approaches the apex - good sign for a strong breakout. By the upside, sell the downside. Profit targets indicated by the horizontal green lines.
Bullish momentum. Prices are about to cross up the downtrend. If prices hold KS tonight I would buy the pair for a 2-figure movement - Target will be the top of KUMO at around 78.500. Stop can be placed on Tenkan Sen at around 75.00 Good luck
A multi year USD trendline + supporting MA looks broken this could single a downtrend for the pair , a break of 116.00 levels would confirm this . The pair may also fall into a range between 116.00 & 119.00
Daily chart shows a possible head and shoulders pattern forming. A break of the support line shows a good opportunity to short.
Prices are below KUMO Lagging span broke its own KUMO Prices are below the trend lines Resistance around 0.89700 I wouldn't trade if prices enter the red triangle (uncertainty) Wait until the Lagging span crosses down the trend line before selling 1st target 0.86570 2nd target 0.86220 3rd target 0.85280 tight stop loss just above Tenkan Sen around...
NZD/USD remains bearish from my point of view. Recent uptrend line is broken. Prices have retested trendline once but failed to breakthrough. Sell on the breakout of the current consolidation. Give a like if you agree with my post (:
- Weakish resistance - Target around $3 - Space for additional consolidation before breakout
The pair now sits trades in a sideways range and a triangle structure has formed around price action. We now await a break of the triangle or clear indication of a break to determine our next trade. I suspect a break to the downside is the more likely outcome given the massive pressure on sterling due to the Brexit opposition now featuring prominent members of...
Here on the 4h chart we have: 1) a nice heads and shoulders set up with neckline below the trendline. 2) a good 61.8% retracement Took a short on this pair at 0.6660, still awaiting for prices to close below trendline for further shorts. TP at neckline. Lets hope this one plays out fine. Goodluck to everyone (:
The pair now waits for a break out of the channel. Price action above 1.11000 suggests the upside is in view. Patience will be key here as the pair decides which direction it favours next, waiting on a strong signal candle on a 4HR view is advised upon entering on a break of the channel.
Overall bias is Bearish -Firstly we have bounced of key level of 1.7000 -we have broke trend line based off 4 hour time frame -We had a small retest -I do believe we will break previous lows -Previous four hour candle was a bearish hammer -A lot of wicks to the upside Off the daily -We can see huge wicks to the upside on the Ket level -Yesterdays candle...
GET READY FOR A DROP -clear break of trend line -re test of trend line -Bearish engulfing of trend line to confirm strong area of RES -Also confirms momentum
This is a typical support/resistance setup. Buy at $7.23, with profit target of $8.00. High risk with $6.80 stoploss. Short immediately if price breaks $6.80 stoploss.