A bullish white swan pattern is beginning to form on the daily chart. This pattern is also supported by demand zones on both the Daily and Weekly timeframe (only daily demand present on the chart as overlapped).
Initial target PT = 0.78425
Extended target PT = 0.80426
Happy trading :)
Brad.
Thought it was only right since I published AUD analysis this morning I publish CAD as well enjoy :)
A bearish 5-0 pattern formed on the daily chart. This pattern is also supported by demand zones on both the Daily and Weekly timeframe (only daily demand/supply present on the chart as overlapped).
Extended target PT = 1.21527
Happy trading :)
Brad.
The market is still technically downtrending on the weekly despite continuous testing of the existing (blue) weekly trend line. Both the daily and 4 hour timeframes show that the pair is moving sideways. As a result, this indicates a market neutral approach in the short run. We can open "pattern" positions inside these consolidation zones to benefit from short...
IVN (IVPF on USA) broken out from a downward channel with good volume & strong Twiggs money flow followthrough. And now seems continuing upward farming a flag formation.
On weekly chart it also looks interesting, so we think it has good upside potential.
* Trade Criteria *
Date First Found- November 6, 2017
Pattern/Why- Possible flag breakout from channel ...
According to last waves we will be waiting for price action on the highlighted zones to enter either short on the upper zone or long from the lower zone
Good Luck
Good afternoon,
I will short the pair if it breaks the trend line on M15 as shown in my chart.
It looks like we have a continuation pattern (triangle).
Target expected: about 30 pips! don't be too greedy!
Please feel free to like/comment my ideas.
Cheers
Jesse
Looks like usdjpy is going down to the next support level .
Might go down to the lower support level and from there a big long after some accumulation.
Everything is marked on the chart.
Best of luck :-)
Hey there,
It seems we have a parallel channel in place with the pair, so the downtrend should continue next week.
Wait for the prices to test the dotted trend line before entering any position.
Profit target: around 80 pips.
Feel free to like/comment my ideas.
Trade at your own risk.
Cheers
Jesse
Hello All!
Gold tried to breakthrough line 2-4 of the major pattern (dark purple) and formed another minor bearish WW formation (yellow):
If yellow wave is successful, it'll finalize the creation of major purple project.
Opened 6 short positions with SL slightly above the recent peak (yellow point 5) with TP at 1267/1256.
EURUSD It's plain to see that this this pattern is still one of continuation and eventually EUR should break the lower
parallel containing this week's minor corrective up-wave and come much lower still...so am not looking to buy dips, more
to sell the EUR rallies back to the upper parallel, looking for much lower values once the parallel gives way...
Whilst...
Might get a nice bounce if price will retrace to 1.2817.
So I'll wait lower time frame to make some fractals/structure falsebreak down there and then will buy with small stop.
If usdcad will continue its up trend we get a low risk high reward trade.
Best of luck :-)
