2-year rising wedge broke down and retested.
The retest itself formed another rising wedge.
Stop over this retest high at 51.50. Pattern target is 40.50
10x potential return
Add to position on break of minor wedge
Audjpy has broken the neckline of long moving up trend. Breaking candle is nice and long. Retest will be at a strong local nice and a nice fall can be seen from there.
SHORT TERM LONG: WAIT FOR RETEST OF HOURLY TRENDLINE AND IF PRICE FAILS TO BREAK DOWN BACK INTO THE TREND THEN LONG
LONG TERM SHORT: WAIT FOR PRICE TO BREAK BACK INTO TRENDLINE AND THEN RETEST THE RESISTANCE TO SHORT
So we had our big breakout move from the head and shoulders pattern and now we are retesting the neckline and trend line at the 61.8 retracement. there is still a lot of potential to the down side with this one and it has just hit my entry.
Hi guys,
The busy week continues, I just put in a buy order on AUDUSD as shown on the chart. Price has broken out of a horizontal resistance/support zone aswell as a trendline which is part of a rising wedge, it has now rejected the top of the zone twice in the same day and decelerated.
I don't like the 50 EMA being in the way and getting rejected. I am also ...
Hi guys,
coming from a slow week last week we are now getting another setup. USDCHF is retesting the recent horizontal support zone with a lowtest, while also rejecting the major 0.5 Fibonacci retracement level. A 50 EMA retest would've been awesome, but this price action is enough for me to justify an entry. With 5 confluence factors this trade is a B in my ...
Hi guys,
I want to share my vision of USDJPY.
I was looking at this pair for the last days and waiting for a nice trade opportunity, finally i found a great pattern that could make a lot of pips.
As you can see, we have a inverted Shoulder Head Shoulder pattern with a breakout of the channel, when a breakout happens, mostly i wait for a retest of previous ...
Hello Traders.
Yet another Tactical Tuesday.
After the euro broke lower a continuation is eminent.
Overall trend remains an uptrend even though there is certain decline on EURUSD pair since the begining of Trade wars.
So this is a short term proposition.
US indeces are declining and even though that is weakening dollar across the board, that does not hold true ...
I do not think we have enough bulls in the market. I really think we need to retest 6k to send bitcoin to the moon and give it the momentum that it needs. As much as I want to be wrong and have bitcoin fly upward, I think this is the more reasonable option.
This is not investment advice. SmartCrypto LLC does not take any responsibility for investment profits or ...
Good Evening! This is an analysis of COINBASE:BTCUSD. We're using a four hour chart, 50 EMA, 200 EMA, Fib Channel, MACD, Andrew's Pitchfork, trend-lines, H&S Patterns, and just a couple of flags ;)
Let's back up to late-January where we started to form the first shoulder in the inverse H&S pattern. We finished that in early-March. Keep this in the back of your ...
In a nutshell, I'm expected LTC to test $150 again before looking to new higher highs. I do think those are just around the corner, but thinking the big money might want to load up a little more on some cheap coin before moving on up.
Anyway, I hope you enjoyed, give a like and leave a comment.
Im looking at a trend line that was form on 2/2/18 and the us/cad had been respecting it until 03/21/18 when a drop in price pull move the price enough to make a breakout, we should try to wait for a pullback and restest of this trend, to enter at 1.29600 and looking for the price to drop to 1.26110 for some 350 pips.
What happened:
The break-out try begining of march can be booked as failed (X). Retest of the lower trendline seems to be ongoing (A).
What I expect:
...is a successful retest (A) with a more or less direct reaction (B). This should directly pierce through the upper line of the wedge back towards higher grounds (Target: 10k to 12k).
Now...:
Let's assume this ...
