An Inverse Head & Shoulders Pattern has set up with neck line and longer term trend line intersecting. A break through both lines in the coming days would be a great potential buying opportunity on EURCHF. I'll be looking for price to rally up to 1.1479 for initial targets.
Head & Shoulders pattern has set up on the AUDNZD daily with price gaining momentum towards a break of the neck line in the coming days. 1.0695 and 1.0494 are two levels I will have my eye on for targets.
Finally we may have some clarity in the direction of the next meaningful move in EURUSD with the break of the neckline on this inverse Head & Shoulders pattern. Wave 3 could extend as high as 1.2228. I'll be looking to buy pull backs on the lower time frames.
An Inverse Head & Shoulders Pattern has set up on USOIL and neck line has been broken. This particular pattern has formed in harmony within the overall bullish trend (refer to higher time frame). ENTRY: 70.205 SL: 66.601 TP: 78.128
Hi traders, price has recently broken through the neckline of a head & shoulders pattern on the GBPAUD daily chart and is now forming a complex pullback into previous structure in the form of a potential gartley pattern.
Hi traders, price has come up to test this strong horizontal structure shelf at a psychological even handle number of 113.00. As you can see this shelf has held 11 different times since May 2017 and the sellers rallied again on Friday to hold this level. I'll be looking for further reasons to short this market early this week.
Price has put in a double top at a strong structure level (been tested multiple times) providing a good short trading opportunity at market.
- Double top @ strong structure
- 161.8 extension & 78.6 retrace fib confluence
- Big bear engulfing candle
Price has formed a nice double top on the EURGBP (2 hour) providing a great short opportunity at market pending Monday's open.
- Double top has formed at decent structure zone
- Price has put in a lower low, lower close candle
- RSI divergence
- Initial retest of structure zone was rejected (long wick candle)
Price has broken out of it's recent consolidation zone to the down side (indicating a possible trend reversal) and has retested previous support (now resistance) providing a good trading opportunity pending Monday's opening price.
- Break out and retest of consolidation zone (new lower low)
- Price has put in a little cluster of long wick candles...