NZDUSD as w see has set a reversal pattern and is currently breaking out of neckline. We are sitting on our hands and watching for the breakout or rejection. Preferably a breakout where we can enter sells to the shown target. NZDUSD reversal indicates DXY strength to come
Looking for the main uptrend that has maintained for a while now to be tested. - Bear flag -continuation pattern which is the key word here, more down!\ - Key price rejection
Looking like a test of the previous bottom price is in order @ 133.800 area. - price has slowed since meeting top side channel resistance. - Smaller TF reversal H&S pattern -Key price rejection
Simple wave theory here, CADJPY has broken its structure and has begun a new trend down. WAVE 1,2 & 3 have been complete look for a correction wave 4 here which will allow a re-test of previous support to become resistance
Looking at a right shoulder formation? Inverse head and shoulder with a break out the down channel. - Break above 1800 confirms long to next res @ 1896 - Key fib 1896 - Short term rising wedge to keep gold in reversal pattern - Short term sell break of rising wedge on smaller TF - Long term buy break and close above 1800 level to confirm more upside
My trade set up for 7th December with a reversal pattern and price currently breaking through key level. Good R/R ration here if you enter on the fact the trade will be invalid it breaks above shown point
I have a bearish outlook on SPX500, the rising wedge pattern has been broken with the help of the main trend touch.3940 is a key level for price to break and will confirm more downside to come. Don't trade blindly and use a smaller time frame to get a better entry. Target price 3500 Invalid if price pushes back above the rising wedge test or main trend
Currently bearing on GN. looking at a reversal pattern which has broken structure. Currently consolidating before a push to the downside. In support of this more recently we have saw some strength in the NZD push through
With the DXY looking to retreat as the fed eases of on rate hikes we can see XXXUSD pairs bounce back. Looking at NZDUSD the down channel it has been in since the beginning of the year has now been broken out of. smaller time frame for a good entry to go long could be on the recent resistance turned support this will allow for a good risk reward ratio
If we stay below 1757 in Asia session I see potential room for UK session for us to fill the reversal pattern and balance off the market, we could see gold fall to 1720 to test some supports
Reversal pattern / Continuation pattern / support turned resistance. Wait for a high volume rejection for sellers to be confirmed
NZDUSD looking very bullish and looking to test the overall main trend. Smaller TF breakout however has had no re-test so we will need to wait on this confirmation before entering swing highs up, for this size of move I would expect large fundamental driver
Pretty simple good risk/reward outlook here. Previous resistance has now became support with more buyers becoming active on this level. Main trend in tact and the YEN struggling with several BOJ interventions in the market now so still manage your risk as always
Below we can't see gold is in a smaller wave 4/5. Confirmations are from the bear flag we see formed between wave 3/4 indicating a break to 4/5. we currently have a BOS all we need is a re-test of this flag to confirm sells in a measured symmetrical wave identical to waves 1 and 3
USDPY has touched the top of its channel that has been created and has also moved into previous resistance / supply area. looking for sellers to react here at 139.000
Wave 5 in motion? Measured moves equal to previous impulses also falling into our fib targets
As we can see bitcoin is still stuck in this RECENT MAJOR down trend. Price has shown countless reversal / continuation patterns.Most recent we see a second bear flag has been created and broken. Now a bear flag signals a CONTINUATION so we could look to see price fall to around 13K
Dow Jones has a lot going on at the minute with bears having formed a rising wedge which is yet to be confirmed, However bulls have ran into trouble at .618% retrace, This has opened the door for bears to test the 50% fib level. If bulls can't defend 50% fib level I will be looking to sell back down to 32400 leaving the door for US30 to fall 850 points .