Here we have a very nice opportunity to short NZDCAD within a consolidation channel (between .891 and .911). The .911 Resistance has held for the past month, and on a larger time frame we can see the pair is also on a major weekly resistance
Inverse Head and Shoulders formed on 1H chart. much like our last trade
Here we have an opportunity for a low risk short within a channel. RSI is overbought, and this pair has been respecting this channel for the past month. Stop and Take Profit are shown on chart. Goodluck!
Possible long trade on USDJPY. We have a nice break and retest of a symmetrical triangle.
On NZDJPY we see a clear break of the bearish flag (pink) and a rising trend line (purple). We also see clear RSI divergence.
Here we see a nice double top and bear flag formed confirming further bearish movement.
Rising Triangle, Double Top, Slight RSI Divergence
Hello all, On EURNZD we see a possible trend shift to the upside. We have a double bottom, inverse head and shoulders. I will open trade at break of neckline
We see a nice confirmation of a double top. My entry has been triggered, but feel free to enter short at retest of structure
Possile upward movement in channel. If we break channel, Stop and Reverse trade to short
Nice channel to trade after a break of the larger channel.
I posted an idea on CADCHF recently, but after a nice retest of the .762 level, a expect further movement to the downside.
Double top on 15M and bounce off of upper channel resistance
Nice Head and Shoulders on the hourly time frame. With a confirmed break above the neckline, I am looking to open a long position. Price is also sitting at massive channel support on daily.
As we can see from historic movement, USD/CHF has broken out of a descending channel, formed a bull flag, and has recently broken out of the bull flag. I expect to continue this upward trend until we reach the upper resistance of the large triangle pattern. We are also trading above the 200 EMA, and we have room for growth in RSI
Here we see a nice downward channel form after a broken Head and Shoulders Pattern