let's monitor the usdjpy for the possible H&S illustrated on chart, high volume bars indicating incoming reversal?
Price on Bullish Q zone and also close to weekly trend. Good Luck
Wait for price action to show that it is headed to the downside......Trade with care and good luck
With gold having recently reached its down side target this week, look for price to potentially form a right shoulder mid week (thought it may go sideways for some time after). 1240-1245 supply zone should see price rejection for initial validation.
Hey traders!! We have had a HUGE move up, so I expect a relief. The market made a strong move down and it is now putting a consolidation pattern. I expect a break to the downside at the 1.272 extension which lines up with structure looking left. Good luck in the market traders!!
NZDUSD has created an impulse to the downside and has broken two areas. Expect a corrective pattern to further form. Enter short on the next impulse. Good luck to all.
Gold is currently channeling to the upside so when we see price touch the top of the channel look to take short positions.
Daily potential long setup wait for reversal candle pattern and go long
Simple observation - most recent consolidation from end of Aug till now resembles a classic flag pattern (at least to me). Recent Friday close broke below the flag boundry - continuation??? Further market hesitated at SELL ZONE that I marked in red rectangle 1-2-3 SET UP Simple classic set up that has many variations - here is the simplest one that I know. Mid...
I posted an idea on this pair previously with the same shape. The pair has finally started to form closer to a possibility of a stronger Aussie to the Swiss. Friday's and this past week's action seemed to show some strength, as it was pushed down, but recovered. We have been making higher lows over the course of the last few months. My stoploss will be set using...
Wait for the retest at the SHS Neckline and RSI Confirmation with bearish candle stick pattern There is a reciprocal ABCD about to be formed shown with pink lines