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After The Major Downfall Back In 2015 The Pair Is Trading In A Consolidation With No Clear Direction.The Pair Is Forming A Double Zigzag As Of Now But Can Make Possible Move Of Triple Zigzag Correction.As You Can See In The Chart The First Wave Of Zigzag Correction Where Point C Falls Short To Complete Its Flat Pattern...
bearish patterns (2)
possibility for a head and shoulders structure. otherwise the consolidation area will continue in down trend
rsi is rising up
p.s the trend should go up due to bullish candlestick patterns ( you can see it on timeframe 5min); "for this reason the next candle should be a green one"
wow, its been ages since I have posted here. Sorry guys, I have been very busy. But this morning I had a chance to breathe so I decided to show you what I am keeping an eye on. I am waiting for price to come back into previous support now turned resistance on the Hourly Timeframe AFTER it breaks that last level of support down at 138.000 even handle. We had a nice...
Looking to trade the breakout up to the key resistance zone.
With a weakening of the USD last week, looking for the pair to go back up after a deep pullback.
Will go long if the downtrend line is broken.
200 EMA was respected last week so long bias.
Could possible trade this short if the trend line is respected.
This pair is short term long and will head down for a short.
Short from key resistance level to key support.
Looking for rejection of 61.8 fib and will exit at -27.0 fib.
The EURUSD Head and Shoulders has been on Forex trend topics for long days.
And the pattern is now formed and it's very clear and well designed.
We just have to understand that the fact that the pattern could break higher the next few days doesn't mean that the EUR will have an easy life above 1.09 resistance zone, there is a lot of resistances up there.
Actually...
USDJPY is consolidating between the 112.00 support zone and 115.00 resistance zone. The box consolidation is clear and have been formed since 2017 first days.
We're now close to a breakout and down to 110.00 area? Or we're about to bounce back to the top of consolidation?
The next days will clear things out, the way I plan and execute my trades is more on...
USDCHF is breaking the 30' box. The top of consolidation was just confirmed by previous candles, and the final target is on the top of a bigger consolidation as seen at 1h.
The major resistance zone is 1.00 (big number), which is close to 1:1 risk to reward. If price reach that area I'll bring SL to breakeven.
Currently short the USDJPY from 114.60 but have my stop loss placed above this bear flag set up for 100 pips of profit so far, looking for a break down back to the lows of consolidation on the higher time frames. This is a purely technical trade, fundamentally it would make more sense to be long the dollar.
FX:EURUSD
I'm long again on this Bull Flag breakout. The market reading is the same as today earlier, but with a different timeframe and momentum.
The actual candle just formed a big Bullish Outside Bar, breaking up the consolidation box and showing the strong up momentum.
The day trading relies good part on timing and momentum, it's important we realize that.
