Like it says it the title here we see a break above that resistance level, then a rounded return to test that past level and I'd hope to see it take off from here. Up to 2300, the next even handle level.
Try a short off this level with stops above the thrust candle PA back to previous lows, swing trade really may have to hold a few days. i don't liek that it's already tested but as it's only second time, first wasn't quite close enough so it's worth a pop. Could hang on to the slighter higher level of .7230.
We're almost at weekly ATR level, that means PA has traveled near to the normal distance for a week based on 20day ATR. It's also a great level for structure, looking left. If we get a breakthrough then there's the pullback entry option to go long
Simple descending trend channel. In the background the RBNZ have publicly stated they want it to fall and are likely to take action to do that. Wait for PA to touch the upper channel then short for great risk/reward
Price action been falling steadily but it's about to meet a rising trendline on the daily so could see a bounce here. Nice easy trade in terms of stops and targets. Stops below the round 1.8 number as that could attract PA like a magnet
Pretty much as the title says. We're up to the major downward trendline. Current market conditions can easily mean this thing ploughs through and on up but technical is technical and we are where we are. Great opportunity with minimal risk. Personally i'd like to see a new step down to around 900 even 800 for some ...
I have a bar counter indicator I use and 8/9 bars is normally the max before some sort of change, if only for 1 bar. USDCAD now at that 9 bar level but we all know why. Also noticed the harmonic move at this level too. Might see 1.45 before any move the other way but it's worth keeping an eye on.
I've shorted here as PA touched the major upper trend channel line but publishing this to look at what might happen in the future. Very much 'if then'. I am bearish bias whilst it's at this level a break upward providing it's not false might change that. We may get stuck in a triangle pattern bu that remains to be ...
Price action has rapidly declined and up until now there's not been much to catch that falling knife. We now have reached a nice area where we have some key dynamic trend line supports and right into previous support. A mid / longer term trade but am publishing it to follow it.
I've paused trading the DAX but can't help[ but notice it's price action on this rising trendline on the daily chart. Break below this and things will surely get interesting. At the end/top we have this triangle pattern.
Been watching this for a few days now. Price action has hit and creeped over the upper trend line but not enough to call it a break. We have a 3 push setup and I've noticed a cypher pattern completed already too. In addition I also like the wicks that PA has left, proving patience pays. Great time to short this ...