Pound has hit previous structure resistance and stalled. Formed a consolidation rectangle.
Looking at it to break consolidation and reverse Bearish. There is Japanese economic news coming up which may provide the necessary momentum to break consolidation.
XAUUSD - H1 - Prediction Bullish Rectangle Pattern @
A trade setup occurs when a price closes outside the trend line after at least two penetrations
on each side of the boundaries. Trades are entered on a follow-up bar at "high above the
breakout bar or "low" below the breakdown bar. Potential Entry Line at @1230.13
Targets in "Rectangle"...
Gold which was moving sideways , finally witnessed a breakout on Oct 11, 2018 to close at 1224. Current target: 1251
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
The pair has broken out above rectangular consolidation, above current daily and weekly tops and outside the 2-4 WW boundary
Looking next to last week range tops @ 78932 then upward to original pattern targets
See original March 1st post for 8hr Wolve Wave targets
This Pair AUDUSD has been in a range. When it breaks lets go ahead and either short it or go long.
Lets do a high risk high reward.
We can do a big lot size on this one as we are have a very tight stop loss with only 10 pips.
I went long on Wheat this morning in my paper account due to my original long commodity thesis. I am actively looking to add more commodity exposure to the portfolio, mainly because that's where I believe the outsized returns will come to home roost. On the weekly charts, wheat has broken through the rectangle pattern that spans back to August of 2017.
I set my...
CAPF Capital First Limited Technical trading call for short term
CMP: 721, Closing basis SL 684, Targets 751 761 769
* Volume breakout
* Trend line breakout
* Swing high breakout
* Consolidation breakout