This trade wast taken at 0.676. We saw a clear expanding wedge forming on the 15m. We also saw a clear rising channel form and was waiting for a break out near the upper trendline. Aso as we saw price break the counter trendline we went short.
Price once again failed break to break half pyshc level 108.5 forming a triple top on the daily. We have now seen price break counter trendline. We will be targeting the 106.3 -105.9 nregion. Stops at 108.6
Price has failed to show clear direction over the last few weeks with price action becoming extremely choppy at times. Price now seems to be forming a bear flag suggesting a break to the downside. As always we will wait for a break and a clear retest before entering.
We are currently in this position (refer to related ideas). We are waiting for a break of falling channel to present an extra entry. We have bullish RSI and MACD divergence suggesting further upside momentum to come
This pair has created and expanding wedge. Price seems to have formed a double top suggesting buying pressure is easing. We also have bearish RSI divergence on the 4 hour. Target full retracement of pattern.
We took this trade at the bottom of the wedge formation see attached idea. Price seems to have broken out and retested trendline which was then followed by a bullish engulfing suggesting further upside momentum