chatpatterns

LOOKING FOR SHORT IF THE BREAK-OUT CLOSE BELOW THE LINE

Price has broken below a long term corrective structure, something which signals a potential selloff. We should now wait for a correction before watching for any sell setups. This correction may begin at the bullish bat pattern completion (I am not interested trading this pattern). Price may retrace to test the broken level and there would should watch for our ...

In my last post i described i head and shoulders pattern which is no more valid. My view is the same, waiting for EURUSD to retrace after it's previous rally. This time we have this rising channel in which price is moving. So once again, we should wait for parice to break below the low parallel of the channel, watch for a sell setup and go short.

After breaking a long term downtrend and having retraced to that broken level, price is about to break above a wedge pattern. When the breakout happens we should watch for a buy setup before going long with this pair. A MACD bullish divergence shows that this down move is about to end. Daily Downtrend: https://www.tradingview.com/x/wYaFeBXj/