Weekly trendline break may happenContinued Euro weakness and uncertainly may strengthen the Yen. Technical trendline break is a possibility if the pair close below for the week. Considering cloud analysis, its still very much bearish but it is at a level of support which may stall the move down. Will have to wait for price action to indicate otherwise to proceed with long sell of the pair.
If trade is taken, there is a 300 pip risk for a profit of 600 for next support level.
Break
Polymath is prepairing on bullrunPolymath consolidates after strong sell-off and it´s prepairing for bullrun.
Buy POLY now or after breakout the red box which is strong resistance zone , set limit orders into the green box in the chart, place stoploss below 1060 sats . and set targets into the orange boxes.
CAD/CHF Nice short opportunityWEEKLY: Price on downtrend making LH & LL since aug 2017
Nice price rejection at 0.76 with double doji
DAILY: Price broke the trendline with nice double top
Rejected off support & fib 61.8
4HOUR: Downtrend
CONCLUSION: I will be looking to short this pair if we can
manage to break through first support and the second one
which is also the neckline. Previous low will be the target
GBP/AUD TrendLine&Resistance HOLDING !!!ANALYSIS ON GBP/AUD PAIR:
*-Price broke through the consolidation zone between 1.845 & 1.875
*-Price broke the trendline & retested it
*-Full body closure below 1.845 which has played as a strong level
*-Moving averages almost crossed
*-On 4H timeframe we have a bearish spinning top
Next destination on this pair is the 1.795 support level.
Trade carefully because this pair is really volatile!
USDEUR IS OVERBOUGHT A DROP IS COMINGUSDEUR has high probability to drop, reasons:
Overbought (Yellow) in 85m 2H time frames indicated by "9 Seasons Rainbow Multiple Time Frames Pattern PRO" Indicator;
RSI Divergence
Previous Resistance: 0.892
Previous ascending channel has been broken.
Target 1: 0.884 Fib 0.618
Target 2: 0.881 Fib 0.382
Target 3: 0.873 Fib 0.236
STOP: 0.893
Some factor that against this idea: 1H Crazybought (Lime) means Bull has just overcome some resistance and is still strong, this may keep them longer on the possible Top.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
EURJPY Short - Channel BreakAlways have good stops in place so you don't blow your account. Never play with money you cant afford to lose or you are just gambling. Good target and stops in place. I don't win 100% of the time , but as as long as your R/R is good you have a good chance of beating the markets.
Major Descending Channel on H4/D1 for EURCAD - BUY ALERTThis descending channel meant you could have been buying at every bottom trend line touch with take profits once it hits the top.
Risky moves were selling from the top to the bottom
VERY close to major support structure area. BIG BUY coming up
DON'T miss this - an UNCOMFORTABLE lot size on this move will go a LONG way in proving that patterns are KING!
"IF YOU DON'T KNOW PATTERNS, THEN YOU DON'T KNOW HOW TO TRADE"
"LEARN YOUR PATTERNS - YOU MUST KNOW YOUR PATTERNS"
--WAVE TRADER