Additionally there is H&S developing , which gives me more confidence in a down move.
Just a thought. Of course we can make a lot of pips, up or down, in meantime :) Target 600$
Short from rising wedge top/support. Keeping it simple. I was also experimenting with some SD levels for the first time, so let's see how it goes.
Descending triangle after a breakout of rising wedge. I am expecting more down once we hit the falling trend line of the triangle, and add more short on a break of the triangle. I will focus more on daily chart , as my bear flag did not work out.
After breaking out of a rising wedge (bearish), price has formed a bearish flag and is currently breaking down. Break of 50% would give more confirmation. Target, some 150 pips.
Breakout and retest out of rising wedge, also a break of 200MA. Already short on the retest, however i need another confirmation (close below greyed area above PP) to add another short. Target S1.
This trend fan has been of a lot of use. Now breaking out of the major down trend line and also out of triangle. Will wait for some more confirmation, but watching closely.
Update to my previous idea on CHFJPY. Range trade. I prefer break to the upside. Will shoot a buy when price gets to bottom of the range. If Price Action permits, of course.
I meant to share this earlier. Maybe someone will find it useful. All the trend lines seem to be working still. I missed few trades on this, but i will look for next opportunity
Setup for Long. BreakOut out of the channel , following an up trendline (blue dotted)
US$ index looks pretty bullish. Once 10500 is taken , this will be confirmed. So based on this, short XAUUSD and EURUSD, and bullish all other USD pairs.
This is only just a thought. Please don't take this as trade recommendation.
Falling wedge (reversal) with Bullish Divergence and Higher Low