USDMXN has developed a head & shoulders pattern on h4, waiting for sell after neckline breakout, target is channel bottom.
EURGBP is looking like its forming a head and shoulders pattern, i am looking for sell if it breaks the neckline with 0.5 and 0618 as possible profit targets.
AUDCAD reached an important tl after a big rally that could be a potential reversal zone for some retrace.
Check this out! We have the following setting up: Bearish bat pattern AB=CD pattern 3 Drives pattern all of them completing around the 88.6% Fibonacci retracement Best of Trading!
GBPNZD closed outside falling wedge right on a weekly support, this should start a correction for a few days or weeks.
EURUSD is in a correction pattern and i am watching it closely for a selling opportunity if it breaks below the flag.Don t forget about NFP which can be the sell off trigger.
EURCHF looks like is developing an inverse H&S and this could be a good buy opportunity if price breaks above neckline.
I am looking for a buy on USDCAD if price closes above trendline with 1.3250 and 1.3450 as potential take profit areas.
EURAUD is in a falling wedge pattern and it looks like its getting rejected from 0.786 fibo so buying after wedge breakout seems like a good idea.
AUDUSD has developed a symmetrical triangle on H4 ahead of the NFP numbers.
This is my first EW analysis. First I copied the upper channel resistance line and simply checked to see if I could find a near symmetrical lower support correlation. Coincidentally (C) has a near symmetrical match near where we are now. The lower support level of the channel ends at a measured move location: namely the (E)-(1) leg. This move would mean that the...
Will not know true target until later according to Bulkowski calculations, at least 160 pips below neckline/trendline break. Stoch. in overbought territory. I set tentative target at conservative 0.7300 SL 0.7552 GL
EURCHF Ascending Broadening Wedge, Fanning of Moving Averages Ascending Broading Wedge is low on probabilities of bullish reversal, but it does happen and has historically with this pair. However, the price action typically moves down further as a false sell off before a reversal. Bulkowski The confluence of the fanning of the moving averages is also historical...
Bulkowski's Calculations for Flag Pattern 294 x 0.46 = 135.24 1.0532 - 135 = 0.9182