A reversal of the short term uptrend, with a clear signals from:
1. Bearish Divergence
2. Double top
3. Head and Shoulders
Price retested prior support of 0.654
Price objective is at 0.6475
Short Opportunity for EURNZD
Bearish Gartley in play. Doji signal bar also completed, while a trigger bar is forming.
Stop above: 1.72944
1st profit target: 1.6965
2nd profit target: 1.6704
Break of the long term (since June 30, 2016) uptrend support last October 24 with a lower high setup (July and September 2017) signaling potential downtrend move.
4H chart printed a short entry opportunity, with a previous support now acting as resistance at the 78.275 price area + 20SMA. Projected move toward 73.
A continuation of the uptrend, GBPUSD bounced from the uptrend support created by the 8/24 and 10/06 lows.
15min chart now carving a reverse head and shoulders pattern, with neckline at 1.3212 - 1.3224. Buy on breakout with 1.3357 target.
After serving as a curvilinear support for a month, USDCHF finally broke below the 50sma line last October 11. The shorter sma (20) also crossed below the Long term (50) indicating price weakness. 50SMA is now acting as resistance, and a potential Head and Shoulder reversal is being formed.
Enter short on potential top of right shoulder or on the break below the...
Reversal of strong uptrend, 20sma cross below 50sma, price below 20 and 50 SMAs after creating lower high and lower low. 20sma now acting as 1st resistance
EURUSD Daily broke upward trendline
20SMA crossing down 50SMA
Potential head and shoulder formation gives opportunity to short at 1.184
Neckline at 1.168, short the breakdown
Target 1.13
15min inverted head and shoulder
4hr trading at previous resistance turned support, has already printed a signal bar, now printing confirmation of reversal.
