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
6 perfect hit points on both support and resistance for this ascending triangle. I will buy a break to the upside, with profit targets based on previous structure support. I define a break here as a close above the resistance (although this does change slightly from chart to chart, depending on a number of factors). Zoom out to view more profit targets from...
EURJPY is coiling up for big move here soon. It has been in a Descending Triangle for the past week or so. It's now coiled up even tighter in a small Balance Area (Red Box). I'm expecting a downside move. Targets are can be the support levels below or the height of the triangle (Purple Line)
Consolidation Break Out......consolidation formation structure, double bottom.... Trade Entry sorted...... Let Price do its magic.
I think there will be a break out to the upside for the GBP against the CAD. around the 2.05 mark there was once resistance which is now kind of a support area. There is a big pair of tweezer bottom candles on the 12th and 13th January. there is a long trend up - and some consolidation around the 2.06 point where I entered. Price forming into the point of a...
Falling wedge with 5 hit points, approaching a 6th and final one for a strong breakout. Excellent previous structure support (indicated by the horizontal black line) asking for a rebound into the upside. I think that this falling wedge will accentuate the rebound off the support line. Major bullish divergence on the RSI occurring in the oversold region. ...
THIS IS THE MOMENT I HAVE BEEN WAITING FOR A LONG TIME! The price now break and close below the support + trend line!! CLEAR HUGE BREAKOUT! SHORTTTTT! Previous trade: Hit 100 pips
AWAITING FOR THE PULLBACK AND PRICE ACTION, PRICE LOOKS EXTENDED & COMPRESSED
In general I am bearish on oil, however if we breakout of this short term downward flag, I'd be interested in buying any retest of the top of the channel. I will only go long if we breakout and confirm above the channel.
If so, target @ 1.7000. It might be choppy and sluggish during asian session, however, there is potential for a london open bullish rally
Fresh out of a breakout from yesterday. Looking for a rejection at a support level of 0.7170 Weakness in USD / Lot of buying pressure Entry: 0.7170 SL: 0.7140 TP: 0.7280
Target is predicted at 0.80500 = 500 pips. Good Luck!
A Valid Symmetrical triangle formation with more than 3 touches on upper trendline and 2 touches on lower trendline kindles our interest to watch this for Breakout Direction. Almost from start of this week GBPUSD consolidating within the triangle and with the volume decline, Am expecting a breakout soon. Hit Likes for Agree... Comment your Views... Happy Trading !
USDCAD has retraced almost back to Daily Support and is balancing just ahead of the Support Zone. These Balance Area's make for good Breakout trades. Balance areas are simply just Accumulation or Distribution (we don't know which one it is until the market tells us, which is done by breaking out). This trade will be valid which ever way it breaks. I would think a...
GBPUSD on the 1hr has broken out of its Rising Wedge Pattern.. Look for a downside move back to structure and possibly further. I'm short @ the Break and Close out of the wedge. Stops are 1 ATR above the Breakdown bar Targets are shown on the chart.. I only trade 2 targets.. But i wanted to give you guys options are where good targets can be.