We have a triangle pattern in deveopment. We might have a good opportunity to sell if price bounce back from cureent upper trendline with good RR. Setup will be invalidated if price breaks to upside and continue to move up. TP1 49.70 TP2 48.70
Crude oil is in a corrective structure after impulsive move to down. It is a good idea to take a short position after breakout of trendline with target 48.70
Can try to buy from yellow zone where bullish butterfly pattern completed. Targets as per blue arrows on chart. Stop loss below yellow zone.
Bulish AB=CD has ben compleated on 4hr timeframe which gives a good oportunity to take long shootup to C point of pattern. BUY 16000 AREA SL 1.59100 TP 1.62000
Can try wait for pullback and short on 1.45200 - 1.4600 SL 1.51200 TP 1.16500
Pair is in downtrend from September 2015. There is very high chance we will have wave C as ending diagonal. The other possibilty is 5 wave structure.
On hourly time frame we have inverted head and shoulders in development with good target.
We are currently in fifth wave of stucture. I am expectiing move up to above target equal to distance measured from H1 to L1.
Hi guys NZDCAD just broke neckline of inverted head and shoulders pattern on weekly timeframe. Would be a good idea to enter long position after retesting the neckline from top.
Hang seng index is at top of strong daily uptrend. I am expecting move down after price rejection at least to 0.236 fib retrecement level and trendline of ascending channel.
Price reached action point. I'm expecting move up after bouncing back from 4hr trendline and possible break of resistance line.
Price broke the necline of H&S and moves in descending channel. It would be good idea to sell after retest of channel from bottom.
Price moves in hourly channel. It would be a good idea to buy when price reach trendline of channel