I have to credit user BenWright21 with this idea:
Currently, the daily time frame is in the midst of a H & S pattern and has seen nice follow through the .718 level. If price continues to climb, the .7325 zone is the level to watch for a pull back. Not only do we have a sizable gap...
This short sell limit has been triggered and now i expect further momentum to the downside region 1.7250.
price should consolidate around this price action. will be watching closely for the pullback.
rejection of 4hr 200 ema. evening star formation reason for entry. many more confluences, im only giving a few though.
Too early to tell for me, but will probably get some good moves either way the market decides.
But if i were betting, it'd be for long (the big fish tends to always eats the smaller fish). But dont bet w your money.
Looks like a possible double top on the Ozzie vs Loonie. Price tested the initial close high at about 1.0065 twice. There is a strong bearish divergence on the RSI, so let's see if the bears can hold and drive the price lower.
Stop-loss at 1.0110 - this is 10 pips higher than the 1.0100 level.
First take profit level at 0.9850
Hoping for second take profit level at 0.9650
The chart tells it all.
I have been waiting since weeks for this move to happen.
Wait for a retracement to 1.0380/70 and place your stop at 1.0330 and let the market do its work.
If you are more conservative, wait for the wedge break higher and enter on retest.
Trail the market higher and give it some breathing room. 1.0750 and 1.10 would be targets, even a move...
EurAud Confirmed the huge triangle break, and is now forming a beautiful Shoulder Head Shoulder trend continuation pattern.
The right shoulder is currently in the making, and on the 4H Chart the market formed a beautiful evening star in the recent bars for me a sign that the upward movement is weakening, assuring that view, is also the fact that the bulls failed...
I think this chart talks for it self.
In my opinion this market is currently bottoming out after forming a huge falling wegde. A falling wedge is traditionally a exhaustion pattern, and looking at this chart there is quite a chance for decent move higher. I am expecting to see a dynamic move higher towards 1.65/66 from there we will see a corrective leg towards...
A multiweek triangle pattern formed over the last 6 months on EurAud.
We have also been moving in a 500 pip range in the recent weeks 1.44-1.49.
After a fail to the upside now a dynamic break to the downside occured in the recent days.
The move lower was very intense and convinced me, that the bears are strong enough and willing to take the price lower from here....
You can see the initial entry at 1.0315 and i took a second position at 1.0485 after market consolidated on 4h chart i moved both stops for now to the average at 1.0395. So its a risk free trade, and i am looking for a really big move higher to the 1.1200 handle.
This huge multiweek flagpattern combined with this double bottom is about to play out, now is the...
We have a beautiful ABCD multimonth flagpattern on the AudNzd Pair.
I am expecting a strong bullish move towards 1.1230 in the coming weeks.
After breaking 1.0310 we didnt have any kind of follow through for several days.
Sellers are getting dried out, and i think bulls are showing a strong hand with three consecutive solid bull candles and moving again above...