Flag in the making. Wait for a breakout.
It might be a long shot, however I do see a cup and handle. Wait for the breakout!
The AUDNZD 's downtrend has been broken and a descending channel / flag has now appeared and broken as well. To me that is a perfect setup for a long trade. I expect it to go the top of the downtrend. However, I have put in a few targets along the way.
Looking for the USDCAD hitting the trendline within the next 2 months. But the long term trend is still up. So I will continue to monitor this one for a long setup
We are now expecting the last move downwards to the trendline for USDCAD .
Even though NZDUSD broke the trendline I not sure it will go down from here. RSI tells me something different. Lets see if it will pull back the next days
The head and shoulder pattern is now complete. Now we are waiting for USDJPY to come back the the neckline. We wait for a confirmation before entering the trade. Alternatively we can enter the trade at 117.820
I see the following scenario come into play for USDCAD in the early part of 2017. We will reach the top but not before a pull back. Watch how the flag develops.
We have a good trade setup once the support level will kick in.
After hitting this major level we will see a re-test of the level before further movement downward. Wait for a flag.
EURUSD broke the major trendline in the middle of December. That means we are going further down. If you are not already in the trade, a good possibility is emerging. This is supported by a falling RSI
If USDCHF breaks the line we will have a good trade to the upside. Trade at breakout.
With the bearish divergence on GER30 and the steep bullish move is easing out, we will most likely see a move to the downside very soon
Long term I think EURUSD should go down. However I just spotted this cup and handle pattern which I think is a nice short term trade. Let me know your thoughts
I'm seeing a flag formation underneath the trendline. It looks like EURUSD is going down and I see the target to be around 0.97
It looks like the 4th wave of TVC:DXY is at an end and not going any further - it didn't break through. So 5th wave is starting and there are a lot of PIPs to gain.
Right now there's a lot of resistance and I see a short opportunity, going down to the trendline it has just broken through. In a longer perspective we could see the USDJPY break through the current resistance and go even higher. Lets see if it can break free from the 200 MA