I will watch how these two setups develop over the next few days.
In the upper scenario I will be looking for a breakout of the flag to the downside.
For the lower scenario I will wait for an entry signal. Right now there is none.
Nothing too enlightening going on here just some fairly obvious TA. The chart needs no explanation.
I just wanted to share some of my thoughts on price markers that I am keeping an eye on.
Volume is key so keep close tabs on it.
It sure does look like volume is drying up and therefore we are likely to see a snap down to the low $3K area, and could break into the ...
Looks like as we are approaching the key support trendline ( view my last idea ) we are forming a falling wedge pattern on the 1hr. This could be a good sign pointing to a move higher in price. Looking for a strong break and close of the wedge would be good to see here.
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CHFJPY is setting up to make a crucial descision in the next few days. We are approaching a key support trendline and the interaction we get will be important. There are two ways of drawing the support line so I posted them both and you guys can determine which one you like better. If we are going to move up, we will probably form some type of reversal pattern ...
CADCHF bounced off of strong support that is holding for sometime already and if you took the trade at the support line marked with yellow circle the well done but for those who have not then here is how we could get involved: 1st we wait for the price to come back to the support as i draw it on the chart with 4:1, 5:1 reward/risk ratio or if the price push higher ...
We broke and retested a big Daily resistance level as support. We haven't closed a daily candle over this level so its to early to tell but if this price action continues I would expect us to hit the Target Area.