Hi Traders, the market was in a very strong uptrend. The resistance level was at around 1.11800. Then the market broke out and is now in a consolidation area. It is still possible that the breakout is just a false break and it could return back into the triangle! We have to wait for a proper break of the consolidation or for a retest. The SHS makes the potential...
UK PMI in an hour ISHS Better than expected PMI scenario. Target as described Good Luck and Nice Weekend
The price is forming a very clear SHS pattern so we are waiting for it to finish the pattern in order to enter the buy. We should check RSI and MACD for confirmation once it breaks the trendline. Comment your opinions!
Wave 2 Elliott to wave 3. Inverted SHS. Breakout TL. Likely strong bullish open 19/12/30.
Hey tradomaniacs, welcome to an outlook for USD/JPY. We were retesting the daily trendline with a strong bearish reaction and are waiting for the market to retest this price-zone. This is a very nice chance to follow the primary trend and would give us a great risk-reward-ratio. Still it is important to see a confirmation for this setup since a potential...
USDCHF is in the decision zone. Bearish Scenario: Neckline Breakout and SHS Pattern Bullish Scenario: Rejection and Bullish Elliott Triangle We will update. Have a nice weekend!
Hey tradomaniacs, welcome to another free signal of Week #44 Nr. 1 Important: Wait for the retest of the trendline and rejection before you sell. We want to make sure that we see a confirmation before we sell. ----------------------------- Type: Daytrade Market Sell: 1,62624 Stop-Loss: 1,62724 Target 1: 1,62488 Target 2: 1,62367 Target...
OANDA:NZDUSD Head And Shoulders Pattern Formed BreakedOut And Retested Neckline Waiting For A Reversal Candle Then Go Long TP: 0.64270 SL: 0.62734
FOMC Minutes will be released. Markets focused on the minutes. Bearish Scenario as described in the chart!
AMNZ, AMAZON D1: Sell on D1. D1: - Structure: uptrend However: - Pattern: Double top - Uptrend: Weakening - SHS pattern on top => DOWN. PLAN: As picture
The price has formed an SHS pattern and broke the resistance, and the price is making a pullback to the support, so we are expecting it to continue the bullish run towards the next resistance. MACD bullish momentum supports this idea. Comment your ideas!
Potential SHS pattarrn, with flag pattern formation. Volume is above the resistance level and mov3 + mov10 above the reference level. Target-1: 2.05 (20 cents per share reward) ROI-1: 3.8 Target-2:2.25 (40 cents per share reward) ROI-2: 6.5 Stop: 1.80 (6 cents per share risk)
GBPUSD, SHS pattern on H4: UP H4: - Test support weekly - Pattern: SHS up - Test neckline SHS -> waiting break and confirmation => BUY
GBPUSD, SHS pattern on H4: UP H4: - Test support weekly - Pattern: SHS up - Test neckline SHS -> waiting break and confirmation => BUY