This pair has been consolidating since late last week between 0.7225 and 0.7165. Breakout traders can lookout for a potential breakout trade. I would love to hear your opinion, feel free to comment, agree or disagree....
This pair has been consolidating since late March, forming a triangle pattern. Breakout traders can keep an eye on this pair to see where price breakouts. I would love to hear your opinion, feel free to comment, agree or disagree....
DAX IN A NICE UPTREND BUT WE'VE RECENTLY STALLED CAUSING THE DAX TO CONSOLIDATE FOR ABOUT A WEEK. WE'VE MANAGED TO BREAK OUT OF THIS CONSOLIDATION CAUSING THE TREND TO CONTINUE. PRICE IS NOW PULLING BACK TO A LEVEL WHERE THERE'S GOING TO BE BUYING INTEREST. TARGET AT 12500 WITH STOPS AT 11974
Price is currently in a tight consolidation box between 1.0145 to 1.0200 region. A breakout to the upside could potentially see price reaching for 1.2580 to 1.2820. A breakout to the downside could potentially see price reaching for 1.0025. Naturally, the downside reward seems to be much better than the break to the upside. I would love to hear your opinion,...
It doesn't look good for the bulls. We're still in a consolidation period, but once we break the blue line, it's a good sign of more downside, and I would be looking to pick up a short. From the looks of things, we may reach the consolidation low before the last bubble, and after that, who knows. In any case, as long as this bear trend holds, there's no basis...
We are sitting on a prior consolidation level (230-235). These are the possible outcomes: 235 holds, we break up, inverse H&S resolves, target 280-290 235 breaks resulting in a meassured move down to 180 Last time market retested such a major consolidation level from above, OBV was in a downtrend, thus price continued the downtrend. Rightnow we have a...
In my previous post "Stophunters at the ready.." I was expecting a bullish bat formation. The breakout appeared to be false and the market was already pricing in another rate cut of the RBA. (see note 1 on the cart). However, the RBA decided not to cut the rate recently. And sure enough, the market failed to continu its path to the north. (see note 2 on the...
Many pairs have been in a consolidation phase, including this pair. I would love to hear your opinion, feel free to comment, agree or disagree. ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Always wanted to connect, learn and help one another...
EUR/GBP is seen to be trending below the 50 ema in an aggressive fashion. A potential entry to join the downtrend on the 1 hour chart lies between the levels ~0.7000 and ~0.7080 which nearly coincide with the declining 50 and 20 emas respectively. A formation of a high test bar/reversal pin bar/shooting star will be a sign of a short set up at...
As we progress this week the EURCHF is literally side ways giving pattern traders the upper hand. If the market continues lower, we could look to buy the EURCHF back into support structure at 1.0615 which lines up with the bull butterfly. Slightly above we have an AB=CD harmonic move which further gives me confidence about the direction of the market. However if...
ALL CURRENCY PAIRS IN WHICH THE USD IS THE DENOMINATOR HAVE BEEN FOLLOWING A SIMILAR ARC SHAPE SINCE THE 2009 RECESSION. AS WE CAN SEE HERE, JPYUSD, CADUSD HAVE REACHED THEIR PREVIOUS SUPPORT AREAS. ONE CURRENCY PAIR THAT HASNT REACHED ITS PREVIOUS LOW IS THE AUDUSD. ALL MARKETS WORK TOGETHER, THEREFORE I BELIEVE THIS PAIR IS LAGGING COMPARED TO IS RELATIVES....
I like to trade harmonic patterns on the EURGBP on the 1H/4H, but recent months have been very difficult as you can see the pair was trending. Not many opportunities.. Now to me it appears the pair is heading to a consolidation zone, a previous range of between 0.7096 and 0.6415. I might be wrong on this zone. What do you think? I think that in that zone lies...
We are in a consolidation phase. Let the market decide which way to go and buy/sell the breakout. Possible targets are on the chart. Atleast 33% profit within a month after breakout should be possible. Are you ready ? : ]
JWN is in a solid uptrend with the MA's lining up parallel since quite a while. Since breaking out of its last consolidation, it rallied up about 13%, before consolidation again for just short of 3 months. It broke out on a very bullish day with huge volume and has retested the prior resistance. It's now forming what seems to be a bull flag, with a nice volume...
HRL has struggled to comfortably clear the $50 half figure zone. It is not a great trending stock - it has been a little erratic in the past, despite its overall uptrend since the low of 2000. The November 2014 to February 2015 consolidation tested $50 time and again - even though this zone had already been retested through August - October 2014. More recently...
Right now, we are in a symmetrical triangle and we are going to have fake-out moves on the smaller time frames like we did just a few minutes ago that don't involve any real volume. Now we can see that consolidation is almost over and it's almost time to choose a trend. Since we made the peak at $315, we've had several patterns that might indicate a move, when...
Volume and OBV are both not supporting the bullishness of this wave (III) We are likely to continue forming the wedge (in 5 waves ideally) on lower volume and break down right after. Sell here and buy at the level of green support trend line. For further analysis check out my other published charts that I linked bellow. Cheers : ]
BA spent the whole of 2014 in consolidation but now price has broken above the 2014 high and cleared the $150 half figure a new trend could be emerging. BA has trended well in the past, for several months at a time, so presents a reasonable opportunity for the longer-term trader. After such an extended period of consolidation there is a high probability that...