Since the price is clearly in a range market (side way channel), I find it good to buy at support and sell at resistance.
Keep monitoring the pair for bullish breakout opportunity of the current bullish pattern, if breaking support level 111.75 , then cancel the pattern
The USD broke the DeMark TL and the technical target is 1.0005
It seems the pair is about to break the support level of 80.70 , if happens I will go short targeting the high of the previous channel..
The pair is converging inside a symmetrical triangle, no long/short bias until we see a breakout from the pattern.
Bearish H&S pattern, completed after breaking the nick line..
I will go short after breaking the nick line of the current bearish pattern H&S
The pattern reversed to be a "Busted Descending Triangle" to whom to want to reverse the trade and go long..
Level 76.00 is targeted on the oil after breaking out from the bullish pattern on the weekly time frame..
Short entry after breaking the continuation pattern (Descending triangle)..
The price is testing the resistance area after a down wave controlled by bears, expected to test old support 112.80 / 112.70
The breakout of the symmetrical triangle would give a clue about the breakout of the overall descending channel on the pair.
A pattern of bullish H&S is developing and completion by breaking out the level 1.3888 (for monitoring due this coming week)
the upthrust and the break of the ascending channel on the pair indicate a continuation on the down movement for the pair, targeting 0.9920
I usually use line chart to spot some patterns especially H&S, I will go short upon breaking the nick line for DAX Index
It seems by reaching .9400 the pair will break the nick line of the pattern (H&S) and would continue until .9470
Expected to move down after breaking the H&S pattern
Breaking support is likely on the pair due to bearish momentum inside the channel