Every month there this point... Almost like a lunar cycle, where the army of optimists run out from under their cover to catch the enemy's blade. But not unlike the charge of the Light Brigade...the clearing smoke will uncover the carnage.
As I said yesterday. We are in for some crazy days. But let's not think we can see things others can't. And don't be fooled...
AUDNZD has been shaping up an Inverse Head and Shoulders patter on the Weekly chart. The pattern is not yet complete but we still have potential LONG opportunity ahead.
Price has broken structure resistance of 1.0880 and looks like it may be making an attempt to retest as support. If that happens, this could leave a nice Price Action signal for Buyers.
On the 4-hour chart for EURAUD, price has recently started to chisel out a nice Head and Shoulders pattern. If price continues this way, a break and close below 1.5340 would confirm this move and would expose the 1.50 handle for a possible target.
Trade idea - Wait for a close below 1.5340 and then a confluent confirmation to entire a SELL trade. Watch for...
Head and shoulder pattern breaking neckline at 240 USD. stop loss at 236, target at 250 for a 2:1 risk return ratio. Even better target at 255 USD, but might take longer to happen
This head and shoulders pattern is almost text book so far in its present development. Volume is up on the advance of the left shoulder and lower on the advance of the head. We're missing that extra warning of the increase in volume on the decline of the head. There is, however, very weak rise in volume on the decline of the right shoulder. Combined with weakening...
Goodmonring,
I've been watching this pair for a while now. and i posted a potential trade 7 days ago ( )
If the price come's to Point D of the gartley pattern i will go short on this pair.
on that point it could be the right shoulder of the head and shoulders.
Lets see where the price is going!
Good luck this week.
Best regards.
Hey guys, as some have already noticed there seems to be a head & shoulders pattern forming on the daily chart. The 200MA acts as a resistance level for the shoulders along with some structure earlier this year.
It all corresponds with the butterfly I posted earlier, so if it breaks around the 133.190 's we might be looking at a drop to somewhere around the...
Analisa forecast ambe untuk USDMYR, matawang negara sendiri. Ringgit boleh jatuh dari 3.25 kepada 3.73 dalam masa 160 hari. Ambe forecast ringgit akan ke harga 3.25 semula dalam masa lebih kurang 110 hari lagi (September 2015) insyaallah. Sama-sama doakan untuk ringgit yang lebih bernilai, dijauhi dari malapetaka dan dikurniakan kestabilan. Buat masa sekarang...
We seem to be close to complete a classical head & shoulders reversal pattern. If we break the neck line around 234, it is possible that we will keep all the way down and then possible short position with an objective around 222.
This situation should resolve in the following 2 sessions (8 h)
Trade ideas are based on my anticipation of an inverse head and shoulders.
This should atleast help gaining some orientation for price action and time windows.
Make sure to check out my other charts for more information.
Feel free to leave comments or questions bellow and upvote this chart if this is usefull to you.
Cheers : ]
Impulse leg XA followed by AB=CD correction into 0.786 level. Typical Gartley pattern.
Expect a bullish resolution the next days.
1. Target 262 is very likely
2. Target 275 becomes likely after break of yellow neckline
Stop Loss bellow the current double bottom at 235
Don't go all in 50x on this one, though. Cheerz : ]
