Price has gone up to the WL1. Look for possible pullback to 2330 area before going higher. The angle of this move is very high, so look for the trendline to sustain this energy.
Resistance on the weekly and trend line breakout.
GBPJPY Going Down Because Break Trendline, Beware News USD Release
gold/us dollar The closing of the candle should be expected at the point where the symmetrical triangle breaks.
Tech Mahindra has given trendline breakout on weekly charts with rising volumes. ADX has turn positive on weekly charts. Stock has closed above all short term moving averages on weekly as well as daily charts. One can initiate long position around 495-505 levels with stop loss below 449 on closing basis for target of 564-582 in next 8-10 weeks.
breaking trendline and pullback
The pair seems to have formed a downtrend channel and I am trading the Fibonacci cycle to the 1.618 Fibonacci Extension Level. Reward Risk Ratio 6:1
Looking for two waves up on the M15 chart. Then a trend line breakout would trigger a sell. Protection above 0.7335 Target 1 - twice the SL Target 2 - 0.7240
Price has come up from hitting the sliding parallel. Look for 2300 to be tested and show you if it will continue higher. It looks like we may be running out of energy here.
EURUSD break Support Trend Line and Now it is pulling back to 0.618 level Price stopped to making higher high now We can short from this level and aim 1.0709 and 1.0620
Had my entry order placed at 1.24990 and got filled with the impulsive candle. Weak trendline but took the trade because of the good reward to risk ratio. Stop above recent highs and target at least at the last support level.
Early entry at the break of the trendline. Additionally there have been rsi divergence. Let's see if it can break the level around 0.7500 Reward to risk ratio 1.75. Stop above recent highs. Target at support level.
Break of a weak trendline. Had my entry order placed and got filled with the impulsive candle to the downside. Not my favourite trade because the trendline only had 2 clear touches but took the trade because of the really good reward to risk ratio. Stop above recent highs target at the strong support level above 1.03500
Lots of reasons to look long til over the 3200 area. We just broke a trendline after a reversal and were showing momentum divergence to the upside.
Pre-positioning for a break of the trend-line and 200MA. If the neckline of the head & shoulders pattern is breached, there's likely to be some bearish price action. Fundamentally, I see all the risks in the Euro vis a vis the Sterling. I think this could be the trade of the year!
Confluence: 1. Looking for price to rally back around the 114.00 level then continuing the uptrend. 2. Price hasnt retested its breakout yet on the higher timeframe (daily) 3. Key level is the weekly support 114.00 4. Head and shoulders on the 1HR chart indicating probable rally downward before continuing uptrend. 5. Probable tps