Reasoning: -We've got a symmetrical triangle but judging by the indicators (Bearish Divergence) the pair looks like it will breaking out to the downside -TP target would be set on the still fresh demand zone, a little higher up from S1 pivot
AUDNZD long term - we have a clear bearish trend. Short-term correction phase near FIBO 50% We might have a stall phase. placing an order to sell the break of fibo level. Technical indicator RSI+MA turning around OB zone, Once RSI will pickup a bearish momentum which will confirm the projected movement for a new short position. TG and SL on the chart!
-Stock is bouncing off support levels in a bullish manor -Bullish RSI diversions -Volume is in an accumulation phase -40% upside potential
Please see annotated chart for details.
Lovely retrace on the daily to the golden Fibonacci level of 618. Complete rejection, in addition to rejecting a key support/resistance line at the level of ~1.64. 1. Rejection of 0.618 Fib level on the daily retracement 2. Rejection of ~1.64 level 3. Massive RSI divergence across all time frames (4h and below) 4. 4H RSI is extremely high (~80). Only happens a...
Please see annotated chart for details.
My Friend Gartley pattern has emerged on the FX:EURUSD on the 60min chart. Stick to your trading system and use this a to highlight your strengthens. Also; make sure you have proper stop loss or risk management system implementation in. Remember friends no revenue leakage! Cheers and Happy Trading EDub
AUDNZD in correction mode to up,need some correction with help of trendline, price action in higher low and rsi in lower low ,its tell us price action in still uptrend,after correction and broken trendline we will see some nice price action
Please see annotated chart for details.
Peso has been Trumped by "Build the Wall". Mexico has conceded to work with US on Border "issues". Mexico lost Ford mfg to US because of Trump agenda and probably will lose more. Mexico hopes to arrange decent trade to counter effect. Mexico Central Bank sold off dollars to stymie skid . Meanwhile, speculators know that the Peso is squat . I think the...
Please see annotated chart for details.
Please see annotated chart for details.