HAVE WE REACHED THE SUPPORT AREA FOR A SHORT TERM PULL BACK TO THE 0.905 ZONE ? POLITICAL ACTIVITIES AND BOE HAWK TURNING DOVISH COULD PULL THE EURO UP BUT WE STILL SEE THIS MARKET BEARISH ON THE MEDIUM TERM TO THE BOTTOM OF THE RANGE AROUND 0.85 ZONE
Ranges are repeatable trading chart pattern. 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. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Ranges, Triangles, Descending Triangles, & Ascending Triangle are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
Not much to do with this trade. Have been tracking when risk on would take profit and with SP topping near ATH's and with FED hinting less rate cuts than expected I am ready to sell. The 3 Slopes I Marked have been broken by the big red candle forming the lower LOW and breaking the 21 ema. Not much else to do with this trade. I fib'd the move and the...
Selling all rallies on pound until further notice... Top of the Range with bulls trapping all early (myself included) bears! However we were prepared and all unknowing and late bears its our time to TRAP!! Sold at 1.2550 SL above 1.2620 TP1 1.24 and then I will see if we have a bounce there Will be tracking the official entry with confirmation of the...
If you have been following we have been tracking the pair since the 1.2290 area ... We are now at KEY resistance and HUGE resistance evidenced by the Daily chart below With Brexit looming, Pound is in a heavy bear market so staying a bull is extremely dangerous territory! The current range is from 1.1950 -1.252. We are in strong resistance territories...
Ranges, Triangles, Descending Triangles, and Ascending Triangles are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
Ranges, Triangles, Descending Triangles, and Ascending Triangle are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
I have been tracking this for a while and it has been an all out war... Good thing is the trend is your friend and we are in a heavy bullish trend... Bears are running out of steam as we are in an ascending triangle aiming right at the 1507 area resistance I took a long based on the break of the trendline around 1500 and got an entry on the retrace around...
Ranges, Descending Triangles, Triangles, & Ascending Triangle are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
Yesterday was a day of consolidation and the gold trade didn't pan as I expected but I am a permabull so price going lower was just more opportunities to long... I longed asia open and watching a break on this hourly trendline The break happened already as I was preparing the post so I am watching as it approaches the 21 hourly ema. It won't hold as you look at...
A little late posting on this however lots of buying opportunities! Main thing to consider riskoff flows were taking profit and pretty much done across all risk assets. Current Range is from 1495- 1560 We are in a great value are and on the hourly showing higher lows as shown below Watch for entries down here placing stops below the lows aiming for the...
Descending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
Ranges, Descending Triangles, Triangles, and Ascending Triangle are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
Price was in a range pattern Price broke above the Range Top Range, Descending Triangles, Triangles, and Ascending Triangle are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend....
The counter is currently in a sideways pattern. It has broken its mid point of the range. Hence, we expect the pair to move to its lower end of the range.
FX:AUDCHF 4HR A possible range trade for the aud/chf. I am looking at an entry of 0.6675 and a take profit at 0.6545 with S/L at 0.6700
Ranges, Descending Triangles, Triangles, and Ascending Triangle are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...