Strong rising wedge for the S&P. Could this take a healthy fall back down...RSI implies it is overbought
Also we had a parabolic move up from the lows of December/Jan...with no real healthy moves down for a recovery period on the way back up
Hypothesis: price reaches near ATH to fail at resistant levels. If it price proves to move back down, I think it could...
After the breakout from the Ascending Triangle Pattern, CADCHF starts showing a Bearish Continuation by Declined the Moving Average Exponential.
After the Decline, I decided to entry Short Position ( Sell )
STOP LOSS @0.7570
TAKE PROFIT @0.7455
This action was taken by Chart Pattern analysis and a combination of Standard Indicator, Moving Average...
Hi traders I am looking for a bullish move in GBPAUD. Currently I am long in what might turn out to be an intra day trade but with the potential of turning into a trade of higher degree (1hour time frame). So if you are not yet in the trade, wait for a consolidation/flag to trade the continuation on the 1hr time frame.
The TNX is currently correcting the 93.43% up move in the mid of 2016.
To make long story short, we want to buy tnx at around 1.99% IF it can manage to break the current low at around 2.17%.
Consequently, with a break of the low of 2.17% and TNX reaching 1.99% we believe that the correction in the indices or not over yet. So in case of a leg lower in TNX we...