Hello Traders,
Price still under the trend continuation pattern and is now rising correctively. I'm looking to sell as much high as possible. First target the bottom trend line.
Good Luck!
Cheers,
Jonas
D1 - Price is at the top of the range.
H4 - Classical setup - divergence (red arrows), followed by convergence (blue arrows).
As long as 0.71 is holding, we will be looking for a correction and then can look for sells once we see a breakout out of this corrective pattern.
First target will be the middle of the range around 0.6920
Final target is the bottom of...
We have seen a nice impulse breakout of that daily reversal channel. Now a trend continuation pattern is forming and we can sell this pair if not in sell from the top yet.
Shorting this pair till the pattern completion of the Shark pattern at the 88.6 retracement of the XC leg.
It looks like a channel is forming as well which supports the idea of shorting this pair.
Hello Trades,
Price is forming trend continuation pattern to the down side. Look for sell as much higher as you can. First target in the pattern at the bottom trend line.
Good Luck!
Cheers,
Jonas
The pair is forming a termination pattern which could mean a major correction of a downtrend or a complete reversal.
The downtrend becomes exhausted and the price is less volatile. Therefore price behaviour is featured by small up and down moves, which finally resolve up.
However, it is reasonable to wait for a breakout from the current pattern and a small...
I was short yesterday with NZDCHF 0.64% before the new announcement cause some chaos. I got out of the trade later in the day down a few pips waiting to see how it would react. I saw the price go up back to the previous swing high (news spike) and now have seen enough price action to let me enter the trade short again.
