Here we´ve got another small opportunity to go longon the AUDUSD 60 min chart, er got a Cypher formation setting up, our PRZ entry level is 076102 stops and targets are on the chart hopefully RSI is going oversold. Good luck and good weekeend Kind Regards Thomas Jeff
Entry: 1.5146 TP1: 1.84298 TP2: 1.83775 Stops above X
Potential Bat Pattern Formation, Short NZDUSD
Potential Bat Formation With AB=CD Pattern with RSI Extremly OverBaught, 4 Hour Resistance with Feb Confluence
Potential Bat Formation AUDCAD Short
Daily chart of the EU v DOLLAR Upside for the foreseeable future and i mean until we hover at around 1.260s as i talked about on the Monthly chart displaying the overall BIAS for EURUSD.. but we have to acknowledge this major resistance level that is in our way on the Daily, we may stumble reaching it if we do not close above the previous high by the close of...
Aks appears to be forming a head and shoulders or perhaps double top. The weekly RSI closed at 100 showing that this price is severly overinflated. I expect a pullback into 3.26, with support at 2.75, and then 2.50.
the SPX is close to overload, its simple to see at RSI and stoch. But i see the possibility of the formation of an ascending broadening wedge pattern. If correct, the idea is as clear a prolonged downtrend and the levels, still a little fuzzy I think that would be: Target 1: 1950 Target 2: 1850 Target 3: 1750 Target 4: 1700 it seems bird of ill omen ...
Notes on chart detailing the various moves based on chart patterns. Expecting a rally to 1.545 - 1.55 and then a decline to 1.51 - 1.50 and eventually to 1.495 and 1.465 (if the H&S is validated and price breaks below 1.50 support (a strong level). *This is an H4 compressed chart, so the timeframe for this tp play out will be days/weeks
A megaphone pattern is emerging very clearly on the 30min chart. Since I'm already short I'm gonna add to my positions at the top of it. I really wanted to bring it every ones attention in case they find it important rather than as a trade idea as such. Good luck!
USD/CAD reacted very well to the formation 'Head and Shoulders'. 1.1571 is 200% fib measurement of the low of the right shoulder and the high of the high shoulder. Also to keep in mind we have a 0.618% fib very close (fib of the 2011 low and 2009 high). On the other hand, to give us even more support of this zone, we have a very clear trend line (blue line) which...
On chart I find nice trade entry on SHS formation. We see at head of formation are very long this is becuse we hit support zone and in higher time frame is looking like we have abcd patter alsow (bearish formation) entry as always we take on neck line for more agressive traders and for more conservative i would order to take position below neck line from 5 to 10...
During the last weeks Bitcoin formed a big pennant from the beginning of June until now. After two weeks of large movement (20 may until 3 Juni) followed by a consolidation period of four months we note converging trend lines. The pennant that's formed is often followed by a breakout movement in the same direction as the initial large movement. It's the second...
This looks very much like a topping formation to me, especially with the market stalling yesterday before the previous highs (denoted by the "head" on the chart). I'd be interested in selling rallies, with at least a target of 1837, though preferably a much lower target; 1800 and the 200 EMA beneath it may also be viable targets.