RISING WEDGE ENTRY BASED ON DESCENDING TRIANGLE PATTERN BELOW TARGET BASED ON FIBONACCI
PRICE EXPECTED TO RETRACE BEFORE BREAKING WEDGE PRICE BOUNCED FROM 0.5 FIB ON DAILY LOOKING TO MAKE WAYS TO 1.272 ON FIB EXTENSION WHICH ALIGNED WITH PREVIOUS SUPPORT ENTRIES WILL BE UPDATED CLOSER TO TIME
DXY RECENTLY BROKE THE WEDGE PATTERN - IT IS CURRENTLY AT A MINI TRENDLINE - SHOULD IT BREAK AND CLOSE BENEATH IT WE CAN EXPECT PRICE TO DROP TO 94 AREA. EXPECT A RETRACEMENT BEFORE IT BREAKS THE TRENDLINE
Technical Analysis: Bounce of downward trendline Target: Fibonacci Cluster + Support Confluence
ASCENDING TRIANGLE JUST BROKE AND CLOSED.
Technical Strategy: Broke Support and retest Target: Based on Fib Cluster (1.272) + structure H1:
Target based on support trendline parallel channel.
Chart Pattern Formation
Technical Analysis: Trendline + Triangle Chart Pattern Targets based on Fib
Trendline Break + Breaking minor support
Technical Analysis: Wedge Pattern - waiting for it to break and close below. Target is based on trend line . Overall image, this pair is currently in a channel pattern but we can take trades within it.
Gartley Pattern Targets based on 382 and 618 ratio of X-A's retracement.
Harmonic Pattern Approaching D point. Target based on 618 on Fibonacci Ratio (C-D)
Harmonic Pattern - Sell when price reverses within Sell Zone
Head & Shoulder Pattern. Sell if break's and retests the neckline.
Technical Analysis: Breakout - Retracement of downward trend
1, EURUSD recently broke it's channel that it was respecting since August. Since it has broke the channel it has retested the channel. 2, H&S pattern waiting for price to broke neck line.