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Trendline-breakout

NZDUSD : Just a trendline Re-test or Breakout to downside ?(i) Valid bearish break of trendline - Initiate short positions (ii) If price action re-tests trendline & moves up - No trades (iii) For upside move, as per my rules risk-reward not favorable, so I will look for only shorting if trendline breaks There are potential pattern setups in NzdUsd I will update them when its about to complete. Before entering anyside please check risk-reward.Always do your analysis before trading.
by InsiderB
GBP/USD,240After the release of the Manufacturing PMI this morning with actual figures being better than previous and forecasted figures there has been a spike in GBP up to the two descending trend line channels of which have been rejected up to now. I am expecting a little bit more retracement to the downside following this spike, however will be looking to see if there is a breakout from this outer trend line, at which point i will be trading bullish. Although i don't trade fundamentals, there is a few news events which could cause big fluctuations in this pair today and tomorrow, especially with non-farm payroll so i will trade with caution.
by MitchellShoesmith
AUDUSD Sell SetupOn the H4 chart we can see that the most recent up trend line was broken already (blue dotted line) and price is now re-testing. It is crucial for the pair to remain below 0.7725 for this scenario to be valid. Close above it would most likely mean that we are going to see further continuation up so we don’t want to be involved. If however price bounces off this zone, breaks below last low (marked with orange dotted line) then we can look for sells. Simply wait for a small pullback (you can draw the down trend line that would form from the last high on H1 as dynamic resistance as well to pinpoint a better entry) and go short. Use the down trend line as your protection. 0.7460 should be your final target and as target one 0.7530.
Short
by VladimirRibakov
CADCHF Sell SetupIf the pair bounces off of the bearish trend line we will be looking to sell. Ideally I want to see one more push higher, reaching the trend line and creating a false break. Next step would be a breakout below the up trend line (dotted green line) and most recent low. Once that happens I will be looking for a re-test of broken TL and correction before entering a sell trade. The potential risk:reward ratio here could be amazing as we can get just a few pips of stop loss while the potential target would be hundreds of points. Depending on the entry we can catch a trade with 1:7/8 or even 10 risk:reward ratio. Stop Loss – set the stop loss above last high. Final Target – lower band of the triangle.
Short
by VladimirRibakov