gj7rwt

gj7rwt

Confirmed break below neckline sets up a nice move down to target area indicated

gj7rwt Updated 

If we break above the yellow rectangle consolidation box then i see the 61.8pct (all time high to December low) retracement pulling prices higher like a magnet. The measure of the break from the consolidation puts that target somewhere around 2735-2740.

gj7rwt

The strong price action breaking the green consolidation box may be indicating a possible move to 1296-1300

gj7rwt Updated 

As per the chart we should be seeing selling pressure anywhere between the head and shoulder target and the 61.8pct retracement from the S + P all time high from 2018.

gj7rwt

Cup and handle forming on the 4hr chart. Need to break and stay above 53.40 to confirm. Pattern target 64.00 50.35 support key.

gj7rwt

Having broken above 2 month consolidation pattern its time to look for buy opportunities. This head and shoulders on the 15 min chart may be our buy in point. The RSI and MACD show divergence on this time frame which makes me think this pattern could come good. The SHS measure take us to just below 1.1500 The S/L at 1.1450 allows enough room for institutional stop...

gj7rwt Updated 

Waiting for a retracement to the neckline of the head and shoulders for a short. The RSI and MACD confirm pattern is a valid one so fingers crossed this works as expected.

gj7rwt Updated 

Here is a short trade I've been in since Friday. Entry was taken on the formation of the harmonic pattern. Entry was at 0.9580 with a broad stop set at 0.9740 Encouragingly it looks like a head and shoulders pattern is forming with RSI and MACD showing bearish divergence. Should the H + S complete, we would be looking at a minimum retracement to 0.9460 Cheers Andy