If price struggles to break 1.298 resistance look at going short after price breaks the Bullish channel Further confirmation will be a Head and Shoulders pattern.
We recently had a major gap in the markets after the first rounds of the French Election process. On EURUSD the pair gapped up nearly 200 pips. Price came down quite a bit over the last week, BUT the gap hasn't been filled yet. The market doesn't like holes, and it doesn't like uncertainty. Euro's been consolidating within a 100 pip range, but I believe that the...
United Continental Update A triple top forecasted an approximate $6 drop to roughly $64, which also corresponded to long term support at line 1. UAL, having currently fallen under its 100 day MA (pink line), is flirting with the bottom edge of a symmetrical triangle as well as the 23% fib retracement. If UAL falls through, look for support at line 1, then at the...
Weekly quad top false breakout to the upside. Daily head and shoulder pattern leading to LL and LH confirming weekly trend change.
Weekly triple top leading to brake below weekly and daily 49EMA. Range play down to previous structure.
Simple. The price reached an important level 0.85817, it touched it 3 times forming a 3 top. The shadows and the smallness of the candles indicates that it's difficult at the moment for the price passing that level. This triple top is not very beauty but we have RSi suggesting a divergence, volume increase at the trendline breakout and at the end the trendline...
June Palladium is forming a bullish Cypher as it looks like we may see a triple top progression higher. RSI broke last week and Open Interest is starting to rise again. Next upside target 798 resistance and triple top, with target 804 forming 113% FIB. If fail, this might turn to bullish Gartley.
NSE:HINDALCO made triple top at 200 Looks good to go counter trend at 194 pre empting failure of pattern reversal for target of 188-180 can use Resistance TL as stop Risk trader can add more short once TL break
Another opportunity for short, SL and TP on chart. As far all the Cypher patterns I have posted the last year reached their targets..
Pair is Slightly Moving upwards after re-enter in the channel. Now its time to Looking for Sell Setup on Strong Supply Zone (TripleTop Area) Possible Targets are Mentioned on Chart behalf of Fib Levels THANX for Support . Good Luck and Happy Trading
If you'll remember I shorted AUDNZD from 1.0709 last week due to the broken support trendline, this support trendline was the support for the triple top on the 1h. On the 4h, we have a head and shoulder formation. I drew this up last night and expected another move to 1.0710, but price did not breach 1.0700. Now, we can see that the neckline was broken in the...
Palladium created a bullish flag today and bounced off trend. Could triple top, which might indicate a continuation. Long term outlook could be 816.8 for Cypher C position. Cypher extension into the 840 range.
AUDNZD has a major resistance at the 1.0750 area, and it has broken a support trendline after testing 1.0750. You can also say that a triple top has formed on the chart, with a slightly strange support (neckline), but nothing in the forex market is like they say it is in the textbooks.
Resistance on the weekly and trend line breakout.
Triple touch at the top. Resistance at 121.000 right now, waiting for break downwards.
USD/CAD has broken through support and has been rested three times, I've used the 4h timeframe to check the prediction and also used the 2hr/2hr timeframe to enter my trade. I have used a XACBD pattern which shows a bearish cypher pattern. A new triple top has emerged which would indicate that the market will fall heavily. Hope this is beneficial and everyone...
possible pullback , For the moment we are waiting for confirmation. be careful traders! our sl and tp As you can see: SL:0.76495 TP:0.75596