Londy20

Londy20

Last impulse move was to the upside on the daily and 4H chart thus after a small correction price should proceed in the direction of the last impulsive move to complete the pattern. Thus correction rejected on the 31 level of fibonacci adding another confluence to the setup for a long postion.

Londy20

Waiting for the handle on the 1 hour chart to retest the trend-line. If not and continue to the upside, look for confirmation to enter the long setup with 160 - 200 pips target.

Londy20

Short opportunity to potentially produce 160 - 200 pips

Londy20

Rising Wedge looking to breakout of the support trendline, if the price rallies up to the blue resistance line it will trade as double top

Londy20

Trading resistance and support

Londy20

The pair was trading towards the downside last week with a double top. Whenever a pair reaches the very bottom of a downtrend the price should reverse up to test the previous neckline of the double top.

Londy20

NZD/USD may head up to retest the major resistance before shooting down again

Londy20

Pair may fall to form inverse head and shoulder.

Londy20

double top sell

Londy20

buy

Londy20

Sell

Londy20

The previous rising wedge pattern was rejected thus became invalid. However, the pair seems to have formed a double top, monitor price action for a short.

Londy20

Looking for 84 pips to the upside before the downtrend continues

Londy20

After forming a falling, the pair broke out of the price pattern in a not so strong manner. Thus was followed by a retest which is a small descending pennant. expect price to break out of the pennant to the upside aggressively. Lock profit after 20 pips

Londy20

CAD/JPY has formed a rising wedge on the 4H and 1H chart, the pair has broken out of the rising wedge to the downside. A small correction is in play currently. Expect a smooth downfall as price breaks out of the correction phase

Londy20

USD/CAD Analyses