Cup & Handle Patterns denote a Bullish continuation pattern that we can note and profit from with a Buy Stop for GBPAUD.
GBPNZD depicting an inverse cup and handle approach thus strategizing a short strategy over a 3 month period.
Technical Analysis depicts a Cup & Handle shows a continuation pattern
Following USDHKD depicted a clear inverted Cup & Handle approach in trend that proved a Bear run thus shorting at a precise Entry Point and placed TP1 a bit below the potential depth of the cup.
Dow Theory shows a series of Lower Highs & Lower Lows which after noticing a divergence across RSI allows to judge a reversal into a bullish pattern.
NZDUSD show a bear run with a Lower High and a Lower Low trend where Fibonacci allows us a precise entry, Stop Loss & TP levels as per a 1% risk on the portfolio. Current indication of a Bullish Engulfing will allow to hit Entry @ 0.382 as per Fibonacci Retracement along the chart.
AUDCAD shows a bearish trend while Fibonacci allows us to make precise entry at 0.382 benchmark since there is room for rebound, Stop Loss is kept at previous Lower High with TP1 & TP2 against 1:1 / 1:2 Risk/Reward levels.
Dow Theory & Divergence show market reversals in a series of HH HL to LH LL and back again
Dow Theory proves a trend of bullish patterns when a series of HH & HL develops. Fib then tells you to post an informed Entry Price & Stop Loss with TP1 & TP2.
Divergence on RSI allowed us to determine a bearish trend is imminent which was promised by a series of Lower Highs and Lower Lows, this then allowed us to place an entry using Fib and aligned our Stop Loss with previous Lower High in order to calculate TP1 & TP2 with a 1% risk.
Fibonacci explains taking a wise decision as far as Entry & Stop Loss with a 1% risk on account, we can place two trades for a Sell Limit to profit on a bear run
Fibonacci Retracement teaches us to make informed decisions with respect to placing a Sell Limit Order for a Bearish Trend
This Dow Theory strengthens the bull run with a three white soldiers indicator
After maintaining Dow Theory's series of Higher Highs and Higher Lows, a Three White Solider indicates a bullish trend
According to Dow Theory I am chasing High High's and High Low's although no candlestick pattern indicates an ideal Entry Point, I will await before placing an entry according to Dow since Candlestick's may yield a stronger indication of whether the entry is at a truly better price instead of Dow.
ETH/USD and many crypto's appear to have a sideways market when zoomed out, this chart based on a 1 Day, 1 Hour time interval teaches us a few directions that may be imminent based on an Inverted Bullish Hammer and a Three White Soldiers pushes for a bullish price movement
This chart provides few examples indicating what candlestick patterns depict in terms of price movement in a bullish or bearish trend.
Dow Theory's series of Higher Highs and Higher Lows proves a bull run in the trend of this EUR JPY pair