PRICE ACTION: HEAD AND SHOULDERS • In an uptrend, price action finds first resistance (0) that forms left shoulder's high, where it reverse direction and goes downwards till finding support (1), completing the left shoulder formation. • Price action reverses direction from that support (1) and goes upwards till finding second resistance (2) that forms head's...
BULLISH PENNANT Trade entry: the pattern is traded after price action breaks the pennant's upper border Take profit: identified by measuring the pennant's pole, which is the vertical distance between points (1 - 2), that measurement is then applied from the breakout point. Stop loss: the pennant's lowest low
Head & shoulders pattern with a bearish flag on the right shoulder. wait for close below neckline to confirm direction
Head and shoulders pattern forming. Take trade after break of neckline
Double Bottom Chart Pattern Wait for close above 1.30000 for confirmation
1. Bullish Trend 2. Bullish Triangle 3. Wait for breakout of resistance level above 1.19000
Symmetrical Triangle Entry - 1.18292 S.L - 1.18122 T.P - 1.18633
Bullish Gartlety Pattern Take Profit Targets Reached
Symmetrical Triangle Entry - 1.29400 T.P - 1.30000 S.L - 1.29245
Triangle Breakout Entry - 1.17150 T.P - 1.17500 S.L - 1.17080
Head and Shoulders pattern Take trade on break of neck line
Double Bottom pattern at strong 1.29000 resistance level
Bullish Triangle Entry - 1.29265 T.P - 1.29715 S.L - 1.29115
Symmetrical Triangle Wait for break of upper or lower trendline to confirm direction
Price broke through upper channel trendline and tested previous resistance. Buy limit on pullback with confluence on daily pivot point and 32.8% fibb level. TP 1 @ 20pips TP 2 @ 127.2% fibb extension
Breakout Market Sell Order @ 1.33530 Stop Loss @ 1.33730 Take Profit @ 1.33330
Buy Limit Order @ 1.34200 Stop Loss @ 1.33900 Take Profit @ 1.34500
Price is reach a long term monthly trendline however the large bearish candle could be a sign that lower prices are on the way. Confluence with the 1.272 fibb extension AB=CD pattern complete