UnknownUnicorn2396129
A large descending channel is what price has been following, The most recent test on the channel was at the bottom of this channel. We saw a rally up from this test however it looks like its time to retrace before going back up to test or break out at the top of the channel. Price has formed a triangle shown above and has broken out of it to the downside and has...
AUDCAD HAS BROKEN OUT OF ITS MINOR ASCENDING CHANNEL (BLUE), WE JUST WAS A RETEST WHICH WAS ALSO THE TOP OF THE DESCENDING CHANNEL (BLACK) INDICATING A SELL. THE PINK HIGHLIGHTED RECTANGLE IS OUR TARGET
AUDCAD DAILY - price has been moving in a large descending channel marked out in blue. Price hit the top of the channel and on its way down it has formed another descending channel marked out in black.Zones have been marked out for you, have fun trading, CREATE A PLAN AND TRADE THE PLAN We could see a move down to the pink highlighted rectangle if price stays...
AUDCAD Broke through a very major support zone this week and has already found its way up to retest this area. What happens with a breakout and a retest? It always follows the stronger direction, in this case it's going down... This area also marks up with the 0.50 fib level of the previous impulse move down, the sharp bounce down off this region also indicates...
GBPJPY was travelling in an ascending channel however it recently just broke out of the channel to the downside. Price has been performing very nicely inside the zones marked on the charts. I expect price to rise up to the resistance area (142.800) it is currently underneath (142.1 - 142.8) where it will also touch the top of the new DESCENDING channel price has...
Price was travelling in a large descending channel marked out by the large BLUE lines. After the slight recovery from Theresa May's destruction of the pound, price found itself in an ascending channel which managed to actually break the BLUE DESCENDING CHANNEL to the upside. You still with me? HOWEVER, price has now found its way back into the descending channel,...
Long awaited break to the downside of the symmetrical triangle has occurred, Daily candle closed below, Wait for the retest which is most likely between the 38.2 -61.8 of the previous impulse move to the downside.
USDJPY has been travelling in a symmetrical triangle, it has not broken so long term we are uncertain on direction of price but short term, 1h - 4h , price has been travelling in an ascending channel, it has touched the bottom and failed to close below it on the daily and it had a clear bounce from the buying region at the bottom of the channel. If it breaks to...
With brexit occuring the pound has been taking some major hits , It recently broke its highly tested support and has made its way back up to retest it. It will go back down to the -0.27 extension of the previous downswing which is where we will be taking our profits, stay tuned for updates
its at 38.2 resistance, wait to see if it will make lower . lows then sell. if it doesn't , wait for next resistance 50 % and look for lower lows. if not do the same to the 61.8 resistance.