It's the trading range down trend. Waiting for reversal point for buy signal.
After the long time of triangle swinging, It's choose the direction to SELL
it cannot pass the resistant line, I bet the short sell.
The target is 161.8 and 261.8 retracement
It just pass the reversal point and HH now.
From DOW theory, LL breakout with Short position.
Weekly chart show that it is the ranging, not trending so swing style is suitable. Follow L if it can break high (HH).
From my last several post, it showed that it is still down trend, Dax is among of them too.! From graph, it go down a little, 8600 maybe, if it down through bottom line of support zone.
On this chart; 1. if stop low, it will go to resistant line. 2. if it still down, next target is 1780. Cheers.
The latest candlestick is the bullish reversal. Is it preparing to buy again?
EURUSD : break resistant line and throwback completely Now it will go to next resistant line.
Waiting signal for trading! If it can break High, Buy. If it cannot, Sell.
From chart, it showed that the triple top chart pattern. If it success, it will move for the height of triple top. So, it will move for that equal height. Last friday, it lower from support line, it will move to the next target, around 3900. Hope, it not go to that.
GBPJPY 1H It looks like head and shoulder pattern. Short with trade setup: 1. Below MA-50 2. Head and shoulder pattern 3. Below trend line 4. RR=3