This is my first EW analysis. First I copied the upper channel resistance line and simply checked to see if I could find a near symmetrical lower support correlation. Coincidentally (C) has a near symmetrical match near where we are now. The lower support level of the channel ends at a measured move location: namely the (E)-(1) leg. This move would mean that the...
Will not know true target until later according to Bulkowski calculations, at least 160 pips below neckline/trendline break. Stoch. in overbought territory. I set tentative target at conservative 0.7300 SL 0.7552 GL
EURCHF Ascending Broadening Wedge, Fanning of Moving Averages Ascending Broading Wedge is low on probabilities of bullish reversal, but it does happen and has historically with this pair. However, the price action typically moves down further as a false sell off before a reversal. Bulkowski The confluence of the fanning of the moving averages is also historical...
Bulkowski's Calculations for Flag Pattern 294 x 0.46 = 135.24 1.0532 - 135 = 0.9182
AUDNZD Downward Channel Bulkowski Descending Triangle (2nd touch is only pinbars). Watch for formation changes after the weekend! 100 pip potential. Sell Signal: pullback and solidification after clear break of bottom trend line. Watch carefully, RSI 4H,D1 & WK suggest trend change. Watch carefully, volatility due to Brexit rumors (or insufficient volume). Brexit...
Sunday Lookout for Potential Trade Setup gbpjpy H4 Bullish triangle. Likely a breakout. Needs to break the 20ma and resistance at 149.74 before entering. Resistance 151.70 (50ma) Resistance 153.05 (0.382 fib) Resistance 154.919 (0.5 fib AND 100ma) Resistance 156.314 200ma and 0.618 fib right above MANAGE CLOSELY FOR REACTION TO BREXIT FEARS. Brexit polls this weekend !
My view on UKOIL , if price go below the channel i will look for short , until then i am on the bulls side.
Afer de EURGBP got the target 1 and the target 2. I think there´s a new target aprox. 0.7828
Friday last market hours drop after referendum polls news got rejected from daily support, this could mean a pullback is coming for GBPCAD so wait for wedge breakout before buying.
HI there! Here we might see a MASSIVE possible bullish Bat pattern Completion. The RISK:REWARD on this one is AWESOME! Good Trading!
S&P is in a upward channel right now after a big rally that usually signals a reversal so be ready to short it if it breaks .
After the break of 0.750 area(2top), retracement back to this area would provide buying opportunity.