If you'll remember I shorted AUDNZD from 1.0709 last week due to the broken support trendline, this support trendline was the support for the triple top on the 1h. On the 4h, we have a head and shoulder formation. I drew this up last night and expected another move to 1.0710, but price did not breach 1.0700. Now, we can see that the neckline was broken in the...
Price first broke through the support trendline, and then through short term support at 0.7187 I am initiating a short position, which accounts for NZD weakness in addition to USD strength - on a lesser scale. Simple Price Action is Key Patience is Key
Like I have been saying over the past couple of days, AUDxxx pairs are reversing from their bullish trends, and AUDNZD is one of them. Above we have a support trendline above which a triple top formation formed. - The neckline support of this formation was broken in a very strong bearish candle. Additionally, a greater support trendline, the larger one we...
AUDxxx pairs have been hauling ever since 2017 started, AUDCAD being one of them. Yes, there are a lot of circles. They each either highlight the 1.0155 resistance, or 1.0098 resistance. So, price reached 1.0155 most recently, had a bearish reaction, then broke 1.0098, then broke the support trendline. The nest major support below price is at 0.9857 so my...
Looking for a double wave down on the m15 chart. Once 0.8445 is broken down we can draw the most recent down trend line and wait for a breakout. When triggered - stop loss below last low Target 1 - twice the SL Target 2 - 0.8550
Look for a break of this support trendline to short, as well as DXY breaking the 101.70 resistance that I posted and mentioned earlier. It will be easier to short GU since there is more space between the breakout and the next support - as opposed to the resistance trendline breakout and resistance above it.
Tech Mahindra has given trendline breakout on weekly charts with rising volumes. ADX has turn positive on weekly charts. Stock has closed above all short term moving averages on weekly as well as daily charts. One can initiate long position around 495-505 levels with stop loss below 449 on closing basis for target of 564-582 in next 8-10 weeks.
The price retest our zone , fib confluence + AO confirmation of the retracement For Me I Want to See A candle break my trend line I want to be Safe lol Go Big
Hi traders, On the AUDUSD I had a bearish trade based on this trendline earlier today, which just got stopped. Now I'm looking to enter long, based on the breakout of the trendline. The price indicates future possible Please wait for a confirmation of the breakout (i.e. a close of the daily candle) before entering. Where would I place my stop loss? Around the...
I'm looking to go long near the bottom of this range. I want to see a false break on the H1 chart, then a breakout above the most recent down trend line. Protection below last low created. Target 1 - middle of the D1 range Target 2 - top of the range
The US Dollar has been in a bearish trend downwards ever since the start of 2017 markets Now it has finally broken the resistance trendline of this channel. Quite notably, the 4h candle circled broke below 100.24, an area of short term resistance that is easily seen on the 1h chart. However, price closed above it, indicating that the downtrend is finally over...
Hi traders, On the EURUSD I'm entering short based on another retest of the trendline. I dont think it will hold anymore. Entry: 1.06651 Stop: 1.07332 Target: 1.05285 = R:RR 2.01 Good luck guys! Updates will follow.
Hi traders, On the NZDUSD we have a breakout on the 4H timeframe. The blue line represents my expectation of the price action for the coming weeks. Cheers
Hi traders, On the USDJPY we can see that price has broken the black trendline. The red line is my expected price movement. Looking to enter a bit below the current market price. Targets: 116.300 and 117.400 Stop would go at 113.750 area. Cheers
Hi traders, On the GBPUSD we can see that price broke the trendline on tuesday, then we got a nice retest from where we can enter. The waving line is the expected price movement based on previous structure. Cheers
Hi traders, On the CADCHF we can see that price has broken this black trendline. The red line is the expected price action. First target would be 0.745 and second target 0.72250. Stop placement at 0.76345 or 0.77000. Props to @QuileHills for sharing this one with me.
base on chanel of trend line ,break out and throwback fibonacci level and reversal pattern
Hi traders, On the USDJPY I'm looking to enter long just a bit below the current market price. We have a breakout of the red trendline. The blue line is the expected price movement, drawn by hand, based on previous structure and previous price movement. Cheers