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Upsidedownheadandshoulders

Aurora'ing back to life..will ACB burn one to get a yearly HIGH?EMA cross (50/200) on the 2hr chart, maybe back testing the 200 EMA now. Bresserts crossover on the weekly chart in oversold territory (last time this happened, it pumped $10 in the following 2 weeks - past performance not necessarily indicative of future results). CMF shows money flow is in positive territory, relative strength hovering just under 50 RSI. I'd like to see the price touch the $8.80-9.00 ideally, but the downside can be complete here. Semi-worst case it should hold $8.00 but still would not invalidate until major support is breached. Good R:R IMO... this one can be a volatile beast. It is possible we see a pump to the $10.90 region and a retrace to these levels again ($8.50-$9.50) before moving higher. Placing major support at $7.20, soon to move up to $7.60. Keep in mind this is the one traded on the NASDAQ in USD, so you'd have to convert support regions accordingly if trading on the TSX exchange chart. Inverted H&S formation points to $21-$23 region... but should go 'HIGH'er long term.
NASDAQ:ACBLong
by faronf
USDCHF is waiting for right moment to strike 1.0 mark once moreThis is more like update to my previous analyse regards this pair. EURUSD made its move and USDCHF stayed behind a little bit. USDCHF and EURUSD are very correlated with each other. one is going down the other is going up. All these lime stripes represents Daily GAP's which are acting as a support/resistance area. I'm expecting two scenarios here: 1.Pair will go above 1.000 soon with nice big candle 2.It will play around and then 200 MMA give it a push to go higher. ... well there is actually a lot more scenarios but I think that these 2 mentioned above have most chance to happen TP is close to previous highest high which is at 1.0333 level. R/R is around 2.5 and this is more like long term position where I;m not expecting this one to reach TP in week or two.
Long
by Krystiannwk
EURAUD will bullish trend continue ?We can see here 3 GAPS from daily chart(lime rectangles). Look how nice this pair bounced from the latest daily GAP. It also created upside-down head and shoulders formation( not fully developed yet) which is clearly saying that the pair will most likely move higher. I had some problems with setting up TP but I think 1.6222 is very reasonable with R/R close to 3.6. 200 EMA should help pair move higher if it will consolidate for a longer time.
Long
by Krystiannwk
EURUSD bullish trend continueI marked on the chart upside down head and shoulders plus important support which was created by GAP created 6th of November. EURUSD is bullish for some time important levels has been defended. I see here nice opportunity for a possible gain some profit. TP area is set by my calculations but it is quite possible that the pair will reach some new high levels in near future. I witnessed in the last couple of years that during strong bullish movement when upside down H&S formation appear up trend has been continued for a quite long time. I will link two other My ideas so you can see how it worked for different pairs.
Long
by Krystiannwk
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