I see a sideways market... the rising trendline is still in place, but I'm leaning toward selling.
1: Head and shoulders Pattern clearly visible on the Daily Chart. Price also created a New Low by breaking the lower high around the area of 108.330 2: Price would need to break the key level of 107.460 - 107.450 area as confirmation. 3: The target will be based on how deep the breakout is. 4: Will take up to two weeks for the pattern to complete before...
as you see price was touched major and strong support zone which is a lowest price since Sep 2018 Its good opportunity long position with 1st TP at 1.22230 and 2nd TP at 1.23600 (the resistance zone) and SL at 1.2040 Happy trading #nakedchartchallenge
As AUDNZD started to put a whooping on me, I then started doing my top down analysis (Ironically after having entered a knee-jerk short). Poor planning on my part and I see that I should have been long all along. A beautiful inverse head/shoulders with a nice compressed move back to the Quasimodo. It was interesting to note the fractal QM at the accumulation area...
Hear my supplication and verily shall you wax old of any legs to get long against me.
Naked Brand Group Ltd (NASDAQ:NAKD) has an increasingly bullish bias on the daily time frame, with the stock now trading above the 70c resistance level. Plus, the emergence of a potential inverted head and shoulders pattern with a neckline around 78c frame offers a strong indication that the stock can still trade much higher over the short-term. Note: It is a...
GBPUSD broke the falling wedge. Missed the long move. However I was able to short GBPUSD at 1.40000 level due to structure resistance and fibonacci inversion technique. Now it has done a retest by doing a complex pullback! A gartley pattern along with equal measured move gave us the signal that it might go up...Wait for market to give a pattern break to enter long...
If I was a market maker I would see the high and low points, and bounce price back and forth until the end of time, taking everyone's money, and inhaling it's sweet aroma until becoming a decaying corpse. I believe the paper would outlast the corpse. Good thing I'm not a market maker. This is currently a 25 point range, but with extreme bullish sentiment...
GJ is in an uptrend. Price recently broke the previous swing high. We can see a pullback to retest the zone then longs to 154.000
FCPO has continue its downtrend move since mid-March.
GBPUSD high & low timeframes are providing a potential long position for the coming week. What we have here is a market that is trapped between two large psychological levels - 1.4100 & 1.3800. From a bounce at 1.3800 the market has been shifting direction from downside to upside with its momentum and a lot of liquidity sitting above 1.4000 could draw prices...
Confluences: 1: Weekly Chart trendline breakout 2: Trend is bullish as price seems to be making Higher Lows and New Highs on the Weekly Time Frame Entry: We will be looking to enter this trade towards the middle of next week. As we can see by looking at the weekly chart, this is a fresh breakout. There is the risk that price may pull back towards the low of the...
Confluence: 1. Weekly Chart Trendline breakout and close. 2. Weekly Chart Double Top pattern formation (Not textbook style double top pattern). Price seems to have failed to create a new high. 3. Trend is bearish as price is making Lower Highs and New Lows. Entry: The way the market is positioned on the weekly chart shows this is a fresh breakout. 70-80% of...