Common ranging zone Wait for breakout and lower high confirmation.
USDCAD Consolidating between 1.34000 and 1.30000. Look for a break and close above or below these areas!
Gold is consolidating below major trend-line resistance, stemming from the all time highs back in 2011. The yellow metal is well supported above a rising channel from December 2015. This gives us a terminal wedge pattern, which must eventually break, but is still relatively wide. We are waiting for a daily close above zone/trend-line resistance confluence at 1350,...
Well established downtrend is now consolidating. I'm going to wait for a possible support trendline breaking to get involved short. As target I'ill pick bullish butterfly completion point (confluence with a significant static support level)
The USDJPY has traded back into previous structure & is currently consolidating at the resistance level. To most traders this opportunity would have SHORT written all over it but I’m actually looking in the other direction. For those of you who I work with on a regular basis you know how I feel about the personality of the USDJPY and how it moves and looking on...