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 long term buying opportunities, will we see it?
Simple trade (just he way I like them). We'e seen a sharp decline in the UJ and will we see it continue? Be aware of any BOJ intervention here but that aside I think we can see more downside.
What is says in the title really. Looking at trend lines and structure support and resistance levels. Potential for a harmonic move upwards at the moment. Let's see how this plays out.
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 seen. You can argue we are already in a triangle pattern.
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 pair with great risk reward. For targets the 38.2...
What it says on the tin, nice and simple
Using simple trend lines it's reached the top and now it's time to retrace at the very least and go further perhaps. Up until Draugi speaks in December that is.
Plain and simple targets at the 38.2 retrace 1.10460
Will throw this one out there but with NFP just around the corner anything might happen. Nice entry point with the structure so close too.
We have a bearish advanced Gartley pattern which happens to complete at the 50% retracement level from the previous highs (9/9) and also it completes where the current down channel crosses too.
Publishing simply to track this cypher. Indices are an interesting point right now. I do love the way that channels work with indices and so left them on too.
Break below of lower upward channel trend line to start new downward channel move within the larger trend channel
Step 1 Wait for PA to hit previous support and bounce down. Step 2 wait for PA to hit the cypher entry point at .7030 then step 3 once it hits the 38.2 retracement then short down to previous lows using the previous structure around the 38.2 area as your reason for entry.
As it says in the title really we've got 3 bearish butterfly patterns at market (depending on your stops you can argue that 1 or 2 are invalidated) and then higher up there's a bearish cypher pattern. Overbought too if you take that into consideration.
At market bearish cypher pattern, been holding here most of yesterday and how starting to fall a little. It's also right on the upper rim of a downward trend channel.