GBPAUD recently touched a very strong resistance on the 4hr timeframe. We have a sell limit because we are expecting it to retest the high, form a double top, and break the trend line. It should continue to push back down to the 4hr support if theres enough bearish momentum. Cheers!
I am not in the trade, I'm just monitoring it. A break and retest of the support level 0.759 black trend, crossing X & A of the Harmonic Pattern, I might consider shorting this pair " FX:AUDCHF " until the "TAKE PROFIT" levels I'm pointing out on my chart. The Harmonic Pattern should be invalid if the wedge is broken upwards. If that's the case and the ...
Price rejected from area of interest and still inside daily downtrend. Seems like bullish correction is finished. Below 0.8872 possible retest of 0.8761 / 0.8700 (weekly support & resistance) is expected.
Back in May of 2016 $MU was showing very positive signs that a rally was about to begin. Little did we know it would go from around $12 to a high of about almost $32.96 in a span of 14 months. Along the way, people kept asking, "Is it time to sell $MU?" Our answer was always the same - not yet...until now. What we are beginning to see in the chart of $MU signs...
The NZD/JPY has been in a downtrend since early february. Based on our trading plan, we have identified a trend continuation opportunity. In order to engage we must wait for the price to pull back towards the 76.500 area in order to have a more favorable reward/risk ratio. Entry point, stop and targets are indicative and not to be taken exactly since the trade...
Hello Traders, We have a potential Bat pattern completing at around 0.7486 This presents an opportunity to go short. Target 1: 0.7434 Target 2: 0.7386 Feel free to follow, like, comment and share. Instagram: KashMarkets