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Trendline-breakout

AUDNZD Head and Shoulders w a Cherry on TopIf you'll remember I shorted AUDNZD from 1.0709 last week due to the broken support trendline, this support trendline was the support for the triple top on the 1h. On the 4h, we have a head and shoulder formation. I drew this up last night and expected another move to 1.0710, but price did not breach 1.0700. Now, we can see that the neckline was broken in the last couple 4h candles. Price will not significantly move until Tyo session, and then will be drastically impacted by Trump's speech to congress. Overall, this is a short position that I am still holding, and will be looking to add to during London.
Short
by MtxTrader
AUDNZD Multiple Time Frame Short ConfirmationLike I have been saying over the past couple of days, AUDxxx pairs are reversing from their bullish trends, and AUDNZD is one of them. Above we have a support trendline above which a triple top formation formed. - The neckline support of this formation was broken in a very strong bearish candle. Additionally, a greater support trendline, the larger one we see, has been broken as well. This larger trendline is better seen on the 4h. Also, the daily candles show that price has reached resistance at 1.0747 - which is an area of previous resistance. This trade is designated a reversal trade, and I will be adding to my short positions on continuation setups on the 1h and 4h charts (like wedges, flags, and triangles) Happy Shorting!
Short
by MtxTrader
DXY BULLISH - Breakout out off Bearish 4h ChannelThe US Dollar has been in a bearish trend downwards ever since the start of 2017 markets Now it has finally broken the resistance trendline of this channel. Quite notably, the 4h candle circled broke below 100.24, an area of short term resistance that is easily seen on the 1h chart. However, price closed above it, indicating that the downtrend is finally over and bulls are ready to take control. If you see a bearish setup on xxxUSD pairs, and bullish setups on USDxxx pairs, use this DXY chart as support towards confluence.
TVC:DXYLong
by MtxTrader
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