bearish pin bar, top end of bollinger bands, RSI overbought. 2:1 R/R
EURAUD H4 touching again its upper bollinger band with a bearish pin bar, RSI overbought.
next stop... 200MA then orange support zone...
NZDJPY had a steep run up, now hitting previous resistance (old support) + 200MA, RSI slightly overbought and turning.
50MA + uptrend line + ex-resistance turned support nearby = good risk/reward to long PAYC with a target near previous highs.
WUBA looks like it's bouncing off its 50MA + uptrend line... playing long side... with a stop!
If this inverted head and shoulders continuation pattern gets confirmed, the measured move would bring the stock price above $20.
It's always an area rather than a specific price.
Not only do the last two candles show a sizeable One White Soldier candlestick pattern, moreover with just that one last candle (yesterday's price action), the price is back above all 6 previous (candles) close. Add to that the uptrend line and it's compelling enough to me to go long with a target at/just under the double top resistance.
Although EWZS fell sharply, it "stopped" at the lower end of its up trending channel as well as its 200 day moving average. Additionally, it managed to stay above an oversold condition in RSI, a bullish sign. Looks to be a good Risk/Reward entry point.
Keep it simple as they say... playing this breakout with a 2:1 R/R ratio.
The inversed H&S pattern in '15-'16 worked quite well. Will the current one work as well? Wait for a confirmation, i.e. break of the neckline, before betting the farm.... actually even then, don't go all in. :)