If we take into consideration that there is an unfinished H&S pattern in play, and the fact that the upper area of a bigger triangle has been hit, we can conclude that this setup might be valid. Take a close look at the stochastic as well, it’s informing about the fact that AUDUSD has been slightly overbought. Keep a close eye on the CPI release, it might...
If you take a close look on the 4HR chart, you can see that a bullish flag has been formed. EURUSD has to complete the last leg to the upper band of this channel in order to break out. If you want to play it safe, then wait until the upper band of the channel has been breached! Good luck.
It looks like there is an H&S pattern on the 4H chart. Wait for confirmation at around the neckline before entering.
This is my first idea on TradingView. Been trading for 4 months now. Still very noobish to be honest, BUT I do make my own idea’s, and here is one of them. I see a channel down that has been going on for a while now. When looking at price action, I can see that this channel is performing its last leg. From here on we could see a rise back to the upside of the...