LuisFXTraderMx

LuisFXTraderMx

AUDNZD Buy Stop: 1.04714 Stop Loss: 1.04117 TP1: 1.05175 TP2: 1.05790 After breaking the trendline, we expect a price increase around 1.05790 and if the price broke down the previous support we would expect for a better opportunity on another stop order

LuisFXTraderMx

We have an interesting situation with a chartist formation that is well known. Theoretically we expect a bearish break that would give us the indication to sell and opérate "short". But nevertheless, we must be careful because it could create a pattern of failure in order to expect a bullish breakout, consolidation and operate its extensión.

LuisFXTraderMx Updated 

We note in this analysis, as the price loses its upward momentum at a given time together with the visible divergence in the MACD as well as the consequent rupture of the dynamic line, bearish momentum could start to look important short entries for at least 40 pips

LuisFXTraderMx

Good afternoon, I share a pattern I see in EURCHF in timeframe H4 with a probable price drop in the short term based on the perceptible harmonic formation (Bearish bat), its tendency around resistance in D1 and a slight divergence in favor in MACD, which may be favorable to look for next short.