Hi Traders looks like we have found an inverted H&S...forming on the hourly TF the neckline has been broken and looks like price is retesting new support, bullish candlestick pattern will trigger our order. Take Profit is projected according to our 25 Daily Moving average as our Take Profit Level.
The Aussie vs Swiss Franc have been forming a Triangle on the lower Hourly TF...and has bounced at highs and lows which are marked ABCDE after E has been formed price is likely going to break out on the other side..so a close below support line my entry will be triggered. We also have RSI Divergence.
UC has broken our ascending trend line and also closed... with that said we retested our EMA's and should be looking to enter my short position.
Price has broken the ascending Trend line, we got a close below both EMA's...RSI Trend line has also been broken to the downside ...my TP is located on the previous support line below.
Hi Trader This is how i draw my trend lines with the line chart then move to normal Japanese candle sticks,I noticed that price is at resistance of this Triangle but to me it looks as if price needs to bounce back down then break out to the upside, Line chart analysis can give you alot of fake outs but when it happens you need to give it break and get a proper...
Hi Traders here we have a head and shoulder formation that has formed...price broke the neckline and closed below structure support...an acceleration lower would be expected..there after we will wait for the exhaustion to complete.
Price has formed an inverted H&S Pattern..and also broke and closed above descending trend line and has also retested the 78.6 fib retracement...we are currently long from before the break of the neckline second positions will be taken on the retest of the neckline.
Price has broke the triangle support line we could expect a retracement on this pair for opportunity to get in for a lower touch..price also closed below previous low.25 & 50 EMA have been taken out
Hi Traders Looks like we have a nice short on the eurdollar bouncing off of the trend line rejected the 78.6 fib..the fifth wave should be in construction the way i see it.
We have a potential Long on EURAUD price looks to be using this level as support, bullish candle closed outside descending resistance line,above 25 EMA TP 1.58126 SL 1.57073
EURAUD has been ranging since last months 25th...for the last 14 days...buying low and selling high is vital in standards like these while i await break out. This is a second retest of a high daily TF rising channel ..Overall direction is short on the dollar so we will be expecting bearish momentum.
Triangle support line broke Price closed below 25 &50 EMA...SL @1248.66 TP @1241.48
Hi Trades looks like price has completed wave 4 from now on we looking to take this pair long as from next week any bullish momentum will trigger my long position stop losses as we know slightly below wave 1. As for now Trade not taken.
Price has bounce on my 4th Elliott wave structure, im potentially looking for long positions only on this pair to take us to the 5th wave.
The USDJPY has been rising up to the Daily resistance level, we have gotten a lot of touches on this level thus far, price looks to have broken the bullish channel, so now we can expect price to retrace either to the 50 fib 61.8 or deeper im looking to sell this pair below the 1H 50 Moving average we also have bearish divergence on the RSI we wil also use candle...
We have a potential Cup & Handle on the monthly which possible will break out, going on a lower timeframe i have a bullish wedge,i will wait for price action to break out then wait for the exhaustion in order to go long so as for now will keep an eye on this pair till the set up is valid.
Price is potentially going south from now on we have gotten a close below the 25 & 50 EMA,We have also broken the support line and gotten a retest..RSI is showing some divergence as well looking to take profit on the previous support line.
Price has rejected from the 4H range with some nice rejection candles,1h Tf has printed a bearish engulfing candle ,with some follow through price breaking the 25 EMA,Target is expected to be at previous support line.