Inverted head & shoulder pattern completed. Look for clear break of neckline with strong volume to enter.
guys a head & shoulder is forming. Might need to be bit careful bullish. If it gets etf approval the price will rally but if not approved we could see some big selling. Although there is lot of optimism surrounding btc there is also a lot of fear as lot of people got who burnt during 2013 price surge and then the massive sell off.
AUDUSD is still in the daily bearish cypher but have completed a small bullish cypher on 5 minutes. I am looking at two potential entries. One with stop loss between 0.382 and 0.786 c-d on the 5 minutes. The second is entry below x on the 15 minutes. Targets 0.382 to 0.618 on the daily bear cypher to 0.73766. I will upload the 15 minutes set up below.
Cup and handle could be forming. If neckline on small cup is broken then could see pair hitting T1 and T2. Let's see what DRAGHI going to do.
Cup and handle neckline broken. We could see 2160 by end of this month.
Look for small cypher to hop on the bearish move to daily 618 fib retracement.
TLT ISHARES 20 REAR TREASURY BOND - potential long at green box
Traders, this pair might just be in a bullish bat at the moment.
Trader, Potential short term bulling trade near completion.
Okay. So here is the weekly chart as promised. I see test of institutional support level at 74.80. This could then set up a right shoulder to complete H&S. after we could see bigger move to below 70. Huge.
Bear cypher completed. 318 T1 and 618 T2. I see a supply at 1.23868 so thinking this will be turning around after. There is also a bear Garthley on the weekly with D at 1.31020.