The market is in an uptrend.
It moved up slowly until the Resistance at 1.29900.
Then it made a Retracement-Move.
After that, the market shooted up with high Momentum.
Now the market makes another Retracement Move.
It seems like it'll retest the break of Resistance.
The Support AND the Trendline AND the 50MA are giving support to the market.
As you can see, the market is moving in an opening wedge.
The market even broke out the upper trendline.
But it failed the retest, so it bounced back into the wedge.
Then it made some lower lows, so another trendline.
The next resistance area is at 1.30500.
We expect the market to break out with the target at 1.27200.
We recommend to sell the breakout...
HERE WE HAVE CADJPY ALOT OF DIVERENCE AND LOOKS TO BE RUNNING OUT OF STEAM,
SELL SETUP... IN THE 1HOUR TIMEFRAME WE SHOULD SEE A 3 TO 5 WAVE CORRECTION GIVING US A 4HOUR CORRECTIVE PATTERN THESE CAN BE RISKY TO TRADE AS THEY TAKE THERE TIME TO MOVE ANYWHERE..
BUY SETUP... WAIT FOR A 4HR CORRECTION TO FORM THEN THE BREAK OF THIS WILL GIVE US A BUY SETUP YOU MUST...
NMR/BTC making a nice move upwards but seems to be finding resistance at the top of the range. If a daily candle closes above the range then the green box will be active. If the daily candle and/or further daily candles close within the range then expected downside towards the lower green boxes.
Blue triangle indicates the current range.
Green box is buy.
I will wait for bullish engulfing pattern on the h4 timeframe
to go long after a bounce of the tredline to the upside.
If this happen we go longe and take the giant swingtrade.
Have a good trading week.
Today, oil spiked higher on the news of the possible OPEC and allies production cuts in 2019. Alongside with all the technicals outlined below, it would be reasonable to open a longer-term buy trade.
1. Extreme oversold RSI reading
2. Bounce of an important support zone just under 60$ level
3. Break of the downtrend line on the RSI
4. Early buy signal on...
We just got a nice Little bearish bat pattern, and hit both targets.
Now we will get a 5-0 pattern.
We will wait for a conform.
Target will be
Stop loss. Under D.
Remember to get a candle stick, or another ression to go long.
Hello here we got a nice butterfly pattern.
We will wait for a conformation candle stick now.
Target 1: 1.23281
Target 2: 1.24537
Stop loss: 1.21803
And the butterfly bullish pattern will get decline, if it broke under the 2.618. fibonacci extension A-x-A.
RSI: Altmost oversold.
We go a nice Little, flag here, we just need to wait for some conform, and break above.
OR, we got a H&S, inverted, on here.
We also got a nice head and shoulder formation on the Daily time frame.
Let's wait and see where it will go.
Here we looking for a cypher pattern to short.
We just got a litlle consolidation, and a break out. nice litlle pullback, into the Doble top Adam&Adam.
We broke Down Again, and make the B leg, on the cypher. ( LH)
After that, we got a nice break Down Again, and got a LL, what make the ( Fibonacci extension C leg).
Now we will wait for the D leg to...
Hello, hope u all have a great easter.
Here i looking on Australian doller/Canadian dollar.
We got some sideway's trend.
ill, be looking for the 0.786 fibonacci retracement X-A leg.
Target 1: 0.99059
Target 2: 0.98969
There will mine gartley complete.
We also got a nice falg pennet, if we broke over/under, that i will wait for a pullback,...
There's a potential bounce by the shown trend line to be short until 121.8000.
1. Wait for the price to reach 122.5000 at least to make sure if the current bullish move is rejected or not.
2. If rejected, a SHORT position can be opened up to 121.8000.