Price with this pair has began to range- the ideal market for harmonic patterns! Among the chaos, we have a bearish bat formation- expecting price to drop from around 1.12 to 1.06, a potential return of 600 pips! Stop loss just above the high prior to the X point but still keeping the 1:2 risk:reward! Bat ratos AB: 0.382-0.5 BC: 0.382-0.886 CD: 1.618-2.618 XD: 0.886
Nice and simple today, looking at the potential direction of the euro-NZD. I have drawn in the weekly support/resistance with a trend line starting at the past high from around September 2015. Price has been bouncing in slight consolidation since July this year and I am expecting a break VERY soon. We will either see a break of resistance, which could bring us...
Perfect head & shoulders on this pair, finding strong resistance at high of 0.96. A bullish head and shoulders in an uptrend classifying as a continuation pattern, with added pressure at this level, a break would produce a short term push to the 1.00 mark. As a swing trader, this should provide plentiful opportunities to enter long positions- particularly on the 4...
CYBER most important pattern for me it strong enough to go long now
AUD/NZD presents a fantastic short opportunity on the Weekly chart. A pin bar formed at major resistance, although there are some trouble areas closer to CMP than the target area.