WE GOT ANOTHER ONE! Today, we have the NZD/USD -1.02% on the 1W chart. It looks like we have potential for ANOTHER bullish bat! LOTS of confirmation on this analysis! The pattern is forming within the ascending and descending channel . For all you fundamentals out there, the U.S. will be raising rates 3 more times this year. That means price will be going...
Hello, everyone! Happy New Year!!! Coming into the new year is looking good! So much potential in the markets!!! Today, we have the NZD/USD on the 1D chart. Here in the months to come, it looks like we have a bullish bat pattern forming. LOTS of confirmation on this analysis! The pattern is hitting critical points on trend lines within the ascending and...
Here on AUDCHF if price forms a descending channel, I will buy at the bottom. Here I show you two types of entries, one at the bottom of the pattern and one at the breakout. You decide which is best suitable for you but be aware that the breakout entry assumes more risk.
DGAZ has been following a very interesting and predictable trend starting back in August. It followed a channel pattern down from about $8.64 to just under $4.00 in about two months time; hitting major support and resistance lines on the way down. An interesting observation to look at with this channel is that it is following a cyclic pattern as well. The lows are...
FX:NZDUSD The rate is currently testing the former broken falling channel support as the new resistance. I am looking for a strong rejection lower to enter new short position on the larger head and shoulders pattern trade idea . I would like to see a bit deeper retracement higher for the rate to test the neckline of the head and shoulders pattern around 0.6960...
FX:GBPUSD The rate is still trading along the lower parallels of the former broken falling channel. It has just bounced lower from the previous support/now resistance at 1.2300 and is now sitting at the 61.8% breakout target from the large broken rising wedge formation. The immediate attention should be turned lower to the support area (1.2090-1.2150) and at...
FX:NZDJPY The same as other yen crosses it was testing an important support before having a sharp rally higher. Confirmed the trendline from the start of 2015 right at the major resistance level with a massive shooting star on the weekly chart. This level was the neckline of the head and shoulders top which broke down with a huge breakaway gap so there’s a...
Hey Traders! We just analyzed this opportunity in the team. Wait for a breakout and buy in the next flag. Another move down in the channel could happen! Carlos
3 Bearish price action patterns
There was low volume since it since like people are not that excited to move the price around the night before the fed hike D-Day. Here are my set ups for tomorrow. Got some extra $DUST and $JDST today on the dips that occurred today. I will expect lower volume tomorrow prior to the release/Yellen Speach. Stay close to the button when it hits 2PM EST. My call is...
Last week EurUsd closed below the trend line from March 2015 Also present is a CRAB pattern, buy at D. Also Descending channel support since 2008 We remain bearish on EurUsd, even sentiment now on our side!!
Possible Gartley lining up Also Bigger Descending channel Also smaller Ascending channel ABCD pattern , currently at D
Hey traders, We are expecting for the retracement to go up till it reaches the PRZ at a minimum of @1180.00, where we have a major fibonacci level (0.618) we also have a nice and clear resistance @1182.5 This zone presents a decent entry with the trend assuming it follows along with the descending channel, Remember de Gols is a "Big Mover" so mind your risk...
Here, we have the CAD/CHF 0.05% 0.08% on the 1D chart. A bearish bat pattern has formed within the descending channel. Price has hit D point and now we are waiting for the reversal to get underway! The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886
Depending on how price reacts with the resistance at which it is now, we may have a bearish channel on our hands. Additionally, if a strong bearish confirmation candle forms on the daily TF, there will already be a well placed short opportunity at the close of the first daily candle this week.
UE is acting in cloned channels and now is close to finish the last one near the end of the year and then start an unptrend
Hello traders! Currently watching NZD/USD; the previous trend was exhausted and abruptly reversed on 09/08/2016, crossed the 50 EMA on 10/04/2016, now possibly entering into a bear channel after rejecting the 20 EMA. Still waiting to enter as it's possible that price will move sideways; if that will not be the case I'll enter short setting a first t/p at 0.70...