AUDUSD breaks out of the resistance level at 0.75 and confirms a nice cup and handle pattern. From elliott wave analysis, it will continue the correction for going up. It is a strong sign to go long with SL at 0.745 TP1: 0.76 TP2: 0.781 TP3: 0.81 Good luck for everyone!
On daily chart looks like an ascending triangle, with an target on the nex round level looking for more potential if we can break the big resitence long >1.90 Stop = 1.79 Target(1) = 2 Target (2) = 2.25
Sell the breakout at 23.60% (0.95325)
Very simple idea based on selling or buying the breakout of wedge in the direction of breaking trend. SL: 158 (I would place SL right on the breakout if the thend couldn't bounce up and then go down)
Price has entered the range (green lines) with bears and bulls exhausted at both extremes. Wait on a break of either side for entry opportunities. Current bias is to the downside as price has re-bounded off of the 61.80% fib level and looks set to re-test the lower range boundary at 108.224. Good luck traders!
Applying that IF Then Syntax to your trading is key! If we break out of the Channel, Then there is a good opportunity for the market to hit the initial target at around 156.70's. Always trade YOUR PLAN! Good luck! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
POTENTIAL BULLISH GARTLEY PATTERN COMBINED WITH STRUCTURE
USDCAD targets 1.285. Good Luck!
Price came back into structure level and formed a steep wedge formation. Potential buying opportunity for break-out traders. Greets Felix Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
A few notes about this chart in point form backing my argument. 1. MACD crossover possible after bouncing below off the MACD trend. 2. Importantly Relative Strength Index which has been climbing even after the AUD has spiked downwards to the upward support has finally broken down AND may fall below the historical declining strength trend. On the other hand it may...
Target is predicted at 0.80500 = 500 pips. Good Luck!
A breakout followed by pullback. Add to that, a symmetrical triangle breakout.
Hello fellow traders. I am sharing a possible breakout signal in the form of a symmetrical triangle pattern. While we did see a close above the upper trend line to confirm this breakout signal, these do have a fairly high throwback rate. Playing devil's advocate, the market can make a double top at the 198 level, or reverse at the 200 resistance. To confirm...