6 perfect hit points on both support and resistance for this ascending triangle.
I will buy a break to the upside, with profit targets based on previous structure support. I define a break here as a close above the resistance (although this does change slightly from chart to chart, depending on a number of factors).
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Quite a late entry into a daily bat pattern, which we could gain a few pips on nonetheless. Even if it does stop out we still have a potential movement into a large cypher pattern which could provide a large number of pips.
Falling wedge with 5 hit points, approaching a 6th and final one for a strong breakout.
Excellent previous structure support (indicated by the horizontal black line) asking for a rebound into the upside. I think that this falling wedge will accentuate the rebound off the support line.
Major bullish divergence on the RSI occurring in the oversold region.
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Important pairs like EURUSD, USDGBP and others are not very attractive for us at the moment, as they are all in consolidation and does not give us an opportunity to find a complete trend that we can ride either to the upside and the downside. In addition Euro is fundamentally supposed to stay weak with the QE going, geo-political problems and Greece financial...
