FX:NZDUSD The rate is currently testing the former broken falling channel support as the new resistance. I am looking for a strong rejection lower to enter new short position on the larger head and shoulders pattern trade idea . I would like to see a bit deeper retracement higher for the rate to test the neckline of the head and shoulders pattern around 0.6960...
GBPJPY break the uptrend channel Let's find some place to short the gbpjpy The first level I may consider will be 146.00 Will tend to short GBPJPY when price pulls back and aim to 141.80
there is Breakout of the Ascending Channel, the pullback is being broken now, there is also a Huge divergence in the MACD which supports the idea, please apply your own strategy for this kind of situations.
3 Bearish price action patterns
Bull bat pattern near completion. Price on rising channel. Almost reach channel floor for potential rebound. RSI is turning upward away from oversold zone. PRZ $1.30756 - $1.31606 This is a personal opinion, not an trade advice.
USDCAD made an impressive move higher today after finding support at the bottom of the channel shown in the chart above. Using yesterday's huge bullish engulfing candle as confirmation this is likely a good entry point for a long position.
Potential 3rd test up. AU has been trending since December 11th... so... I'm riding the wave to see how far it goes.
UC is ready for the next Swing and the Buying zone is already defined
Possible Gartley lining up Also Bigger Descending channel Also smaller Ascending channel ABCD pattern , currently at D
The ascending channel of $NZDUSD same like $NZDCAD. We are eagerly waiting for a price action on this level. Based on PA we will decide about our trade. What you think? Will it hold or break? NZDCAD Idea:
The ascending channel looking like so promising. We are eagerly waiting for a price action on this level. Based on PA we will decide about our trade. What you think? Will it hold or break? NZDUSD Idea:
2 chart patterns Ascending channel and head and shoulders = EXTREMELY Bearish
This idea is a follow-on from the previous, pre-earnings options strategy We assume a long position at $122 (for those who got exercised on the put sale) This is -3.3% away from the 118 support (channel bottom and MA200) and -1% away from the last close Play the up-channel rebound with a target at 133.50 (previous high) and a stop loss at 117.00
We are planning to open Long position from the bottom of the rising sideline in Ger30 until the top of the rising sideline. Open: 10561 Stop: 10480 Target: 10962,8
10 month Ascending channel and a possible head and shoulders . Both = bearish implications
This pair has broken out of an ascending channel. Grey box is the key level where price will probably retest the broken structure. Confirm rejection to short Always apply money manaagement
Hi Traders, Doing my pre-week analysis and came across and interesting trend continuation setup on Kiwi. After moving within an ascending channel for the past two weeks, this pair has broken to the downside and printed new monthly lows. Trend continuation traders may find an opportunity to short this pair on a retest of the breakout. I have marked the sell zone...