A monthly chart with 4 rejections at this level creates a very nice selling area. demand is high so I think a nice pull back is in order
the interesting part about this was that MA 50 had created a flag pattern with the help of this trend line. any way I alerted my team 30 min ago at the time of break, therefore, we are 23 pips in profit at the moment. My target is 1.3057 @ break even right now. I try to shot out next time earlier than this.
USDCAD is working in a range of 1.3005 to 1.2975. Now this is part of a flag that either didn't complete of this is just a fake break down of lower band either way price break out side of this box (most likly to lower price) would be Ideal. Again I am not trading until Monday. wish u all good luck
GBPJPY got rejected on resistance 148.16 on dec 12 Dropped 670+ pips then pulled back 270+ pips. now breaking below 143.00 in hourly chart creates a great opportunity to be a seller on this pair. Finial Distention 134.00-133.50 good luck
While I am still enjoying my holiday Patterns keep popping up. THis is a Flag pattern on daily chart, with Strong resistance at/on sweet spot 0.7800 Flags upper band / Daily Resistance / Sweet spot 0.7800 So, best is wait for sell signal in lower time frame to take advantage of move from upper band to lower band. Good luck
An uptrend line has broken. Resistance on 1.1177 zones got rejected multiple times. Still bearish on this pair. looking to take some profit around 1.10+/- Stop loss above 1.12
EURUSD Flag Pattern in hourly chart you know what to do
I will wait for sell signal on this pair and will be a seller
AUDCAD been side way working its way between a 200-280 pips zone creating a pennant pattern. due to this sideways move this pair has created a pennant pattern. now pennant pattern works best continuing trend HOWEVER it would and there is a possibility that breaks out the other way around. This pair has bounced from the lowest low 0.8330 last 7 years. so the...
Simple Resistance was rejected taking a short position to take profit at recent low.
EURUSD Daily Chart Head and Shoulder Pattern Self explanatory.
USDJPY Long on Flag pattern reversal happened on monthly support and very nice buy candle take profit caused a flag pattern NOW. more buy is on the way.
premarket price has pulled back to 8.70 (right now) Possible retracment to major fib levels (ideal) if not price can bounce on last major support (box 1 and 2) then take the 2nd leg to 1.618 fib level