The UsdJpy is now trying to form a inverse head and shoulder pattern. Price tested the 1.27 fib ext level from yesterdays move. We got news in 50min. A break of the 55MA would signal a move to the upside. Right now i am just watching the pair and adjusting my stoploss levels for my active shortpostions..
This is one of my favorite setups with great RvR. I am long @1.1334 With stops below the double bottom.
Overall bullish on this pair after it had a nice breakout to the upside. On the 15min timeframe however, we have a nice rising wedge, with completion around some Fib.ext areas. I am looking for a new chance to hop on the bullish trend. First Long area to me looks like the .50 zone. But i really want a move lower, to the previous high coming in at 123.30 area.
The pair has a falling wedge pattern nearing completion. Personally, i dont trade falling wedge patterns, so im waiting for the rally back up into previous support.
After putting in an head and shoulder pattern last week, the AUDUSD finaly gives a bullish signal. Got some bullish divergence on the RSI + a nice doji on the left bottom. First target is previous resistance coming in at: 0.7864 Secondary target:0.7884 Stops below 0.7800
The pair is now trying to complete the BC leg at the 1.27fib.ext from XA leg. If you scroll out to the daily you will that this area has been a previous battleground. Stops needs to below C.
As mentioned yesterday, the pair closed above the BC leg, and i am now looking for a harmonic move up into the 1.618 fib.ext. That area is also a previous battleground between the bulls and the bears. Stops on this is above the 1.618 and im looking for a target at previous resistance at the 1.27fib.ext (C)
Since this pair closed above the 1.27ext of the X-A leg, i think there is a good chance that we see a rally up into the 1.618 of the X-A leg. The 1.618 also lines up with previous resistance.
Cypher pattern with B-C leg completion. Now looking for C-D Completion around 1.4700 area
MYEC has been consolidated above the MA50 the past few sessions with low volume. After winning the best Check innovation award its time to update the chart on some supports and resistances. Support zone in the mid 0.0170's Resistance sits at 0.0220 and 0.0240 MA200 sits at 0.0233 Both the MACD and the money flow has shown positive divergence as seen in previous...
MYEC has some divergence with both the MFI and the MACD curling up. The RSI however put in a new low last wednesday. Volum is low, but im bullish as long as the 0.0160 level hold as support. First resistance comes in at 0.0177 area.
MYEC hit the 0.0140 support from mid August. Now closing in on resistance sits at 0.0177 ish.
USDJPY at upper trendline. Heavy resistance at 118.80 if it breaks.
MYEC has been trading in a decending triangle pattern since November. Tight trading range and near completion of pattern. Volume is key for these patterns.
NTEK is closing in on 2 key support areas 0.0400 & 0.0360. Both the MACD and RSI (5) is showing low levels. NTEK broke trough the minor support at 0.0500, so on any upwards move, thats the first battleground for the bulls. PT is the 61.8% FIB 0.0900
Both the daily and the 1H chart looks bullish. The daily chart has positive divergence, and the 1H got a triangle in play. 1.2350 area looks like bottom to me. Stop loss level 1.2349
Falling wedge in the 30 min chart. The overall trend is bullish. This can be both a falling wedge and a douple bottom (114.050)