Looking for a good trade? we might se a small pullback for the pund, between to night and tomorrow morning, set you pending orders at 1.2370 and take profit in 1.2330.
Fibo's lines, Stochastic oscilator and the RSI confirms our proyections.
here is a buying signal on the exchage rate GBP/AUD, the Stoch RSI, the RSI, and the fibonacci levels give us a trading oportunity, for buying british pounds.
keep an eye, set your pending orders at 1.60211 and problably tomorrow we will see profitable results.
There is a teacup pattern forming on the AUDUSD exchange rate. The rounding bottom that precedes such pattern was perfectly formed, and now is on the descending channel. We should wait for a breakup on the channel before taking a long position which final target is about 0.7825 or around 4% up. Stop loss could be ...
The exchange rate between australian dollar and new zealand dollar has been forming a long wedge pattern since November 2016. It broke up on Jan 6th in a potential long position looking for about 2.35%. We can still win about 1.5% if the wedge completes. There are two resistances levels on 1.057 and 1.063. The MACD ...
Since December 2016 a head and shoulder pattern has been forming on GBP/JPY. The pattern broke yesterday, but is currently making a pullback and is touching a resistance right now. A possible short position is available betting on the pullback confirmation. We can open the short now or wait till the price bounce on ...
X Head and Shoulders
1.The price falls to a trough and then rises.
2. The price falls below the former trough and then rises again.
3. Finally, the price falls again, but not as far as the second trough.
The first and third peaks are shoulders, and the second peak forms the head.
1- Aiming important ...
A cup-and-handle pattern resembles the shape of a tea cup on a chart. This is a bullish continuation pattern where the upward trend has paused, and traded down, but will continue in an upward direction upon the completion of the pattern. This pattern can range from several months to a year, but its general form ...
the Ascending tiangle is a bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline ...
BAC is in a Pennant Pattern
A pennant is a continuation pattern in technical analysis formed when there is a large movement in a stock, the flagpole, followed by a consolidation period with converging trendlines, the pennant, followed by a breakout movement in the same direction as the initial large movement. The ...
JPM is in a symmetrical triangle pattern. In technical analysis that is easily recognized by the distinct shape created by two converging trendlines. The pattern is identified by drawing two trendlines that connect a series of sequentially lower peaks and a series of sequentially higher troughs. Both trendlines act ...
GOOGL Uptrend trade
Price is in an uptrend chanel, at this point, could break below the support level or bounce, there are more chances of a bounce due to the uptrend the price is following.
MACD showing buying signal
Wait for a candle of confirmation before entering the trade.
USDCAD UPTREND CHANEL CRITICAL LEVEL
At this point price could bounce or break above the up resistance level of the chanel, lest wait for some candles of confirmation before openning a position.
MACD and RSI are showing bounce signal