Here we have a simple descending triangle break and retest with the trendline and fib as extra confluence
Here we have a clear example know as a break and retest where previous support no became resistance. A break and retest of the black trendline is also on the cards with price making a 3rd bounce and lower high of the blue trendline.
Audusd broke out the range to the upside so the bulls won the fight in the range
Technicals on the daily is pointing for the dollar to drop today since price is under the 50MA, trendline break and fib retracement.....I never check news or fundamentals because I am strictly a techncial trader so lets see what the otcome of NFP will be.
waiting for the box range stradegy to break on either side
We have a new abcd pattern on the bullish channel and also a trendline break and retest at a fib level
TRENDLINE BREAK AND POSSIBLE RETEST ON THE RIGHT SHOULDER AND FIB LEVEL
The ftsee making lower highs and lows with price currently ranging at the 78 fib and a Tl touch on the chanel
let the market come to you then trade what you see not what you think or hear
GA formed a shooting star on the daily at the 78% fib with a lower high failing to break 2.10000 Targeting priou support then 2.00000 if it breaks (fib Extension)
With Euro failing to put a higher high for the 4th time in a row and forming a hanging man so a potential short to 1.09000 is on the cards as my first take profit ..... if an when we take out the previous low aswell as the ascending trendline i will add an entry to 1.06000 which is a valid Demand level then we'll see what happens from there.