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Tripletop

AUDCHF great price action and very nice opportunity to go short This is perfect situation where short position has potential to bring some nice profits. 200EMA tend to stop corrections and put pair back on track followed by latest trend. I drew the line along three tops which perfectly stopping pair and pushing it back south. I would set TP just before 0.7000. It is hard to predict how the pair will act in the next couple of weeks so it is quite possible that I will close position before it will reach the desire level. I think it is very nice opportunity to risk capital because this kind of price action is not happening very often on daily or weekly chart.
Short
by Krystiannwk
Gap Still Needs To Be Filled on EURUSDWe recently had a major gap in the markets after the first rounds of the French Election process. On EURUSD the pair gapped up nearly 200 pips. Price came down quite a bit over the last week, BUT the gap hasn't been filled yet. The market doesn't like holes, and it doesn't like uncertainty. Euro's been consolidating within a 100 pip range, but I believe that the next round of French elections will trigger a drop in EURUSD, filling the gap. This trade has a great risk reward ratio, and comes after multiple retests of the highs. Entry at 1.0910. Stops above 1.0950. Targets at 1.0850's, 1.0775, and 1.0730.
Short
by cheminacci
3
United Continental triple top sigalling a further drop?United Continental Update A triple top forecasted an approximate $6 drop to roughly $64, which also corresponded to long term support at line 1. UAL, having currently fallen under its 100 day MA (pink line), is flirting with the bottom edge of a symmetrical triangle as well as the 23% fib retracement. If UAL falls through, look for support at line 1, then at the 38% retracement (~$62), line 2 (~$60) and the 50% retracement (~$57.50)
UShort
by FOMONOMO
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