Ranges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
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I will begin WTI ZeroMarket CrudeOil Chart Analysis for August 5 .
30-minute chart, one-way long position strategy.
Based on the green support line,
Check the blue route and main section.
If it does not...
Check out this trading signal sent by our AI, closed in Profit.
Action Price: 1.19072
Direction: Long (Buy)
Take Profit: 1.19396
Entry: 2020-07-30 20:58:05
Exit: 2020-07-31 11:16:20
Time zone: UTC-0
Our AI sends ready-to-trade signals with Symbol, Direction (Long or Short), Position Size, Take Profit, and Stop loss. You just need to copy and...
Im currently looking at some short term buys for audjpy to take out 106.800 once again, from there we could see some possible rejections to open up some more short opportunities but will reassess when price gets there.
The NZD/USD has recently bounced from the Uptrend line. As MACD and the intercepting EMA suggest the price will rise , though I still count on the Resistance line to be reliable so the fall will follow.
Generally the DAX30 was on going a retracement after a long bullish run from March 20 - the following presents a 4 hour chart idea based on price action and technical analysis -
* Moving upward the price had crossed the 21 MA and support area of 12580.
* it then made a retracement and tried to go below the 12500 level downward but it was hammered up by the buyers...
As the Volatility widens for the EUR/AUD and the price has not really pulled back from the Resistance the fluctations in the area are expected in the nearest time. However , we can confirm the temporary local Support for the pair as during the last bounce from Support zone the Fibonacci 0.32 lvl was hold during the Uptrend hence the pair will range in that area.