Identifiable BULLISH INTERVERTED HEADED & SHOULDER CHART PATTERN !!!!! AUDUSD is on its final leg needed to complete a very common chart pattern ...The BULLISH INTERVERTED HEAD & SHOULDER. I will be looking for BUY opportunities on the lower time frame with expected first take profit at .756000
My idea is that price will revisit the bottom and reject from breaking support of trendline. If this happens we may then begin to see a double bottom begin to form and should take advantage of buying opportunities. After retest and formation of double bottom: Entry:1.62454 SL: 1.62090 TP1:1.64200 However, if price do not retest and takes out the high of...
The 4h price chart for EurNzd shows price moving to the downside in a bearish channel, and gives me reason to believe that the key level it has currently reached could serve as significant s/r levels. I expect that the bears will continue with another wave down based off of pervious price action. I will be paying close attention to this pair, and looking for...
Recent price action creating higher highs. Will enter long on draw back. SL 1.61902 Entry 1.62127 TP 163447 What's your thoughts on my analysis. Im a self teaching a newbie still in demo. Constructed criticism and ideas welcome.