Flexdirect

Flexdirect

TRY chart behaving quite orderly in wake of local turmoil, H&S continuation the most likely interpretation, low risk entry for 6.85 initial target. stops below 5.90

Flexdirect

Market is beginning to achieve with HL and HHs, inital tgts 15.40 channel top, thereafter 15.67 prior high and 16.15 measured move. keep a tight stop at 14.12 to ensure good RR. Happy trading!

Flexdirect

Triangle break is impulsive with corrective retrace to 5yr support level Min target 80 to upper channel on low risk entry with stops below pivot low at 69

Flexdirect

Price setting up as 4yr H&S continuation, 5 up and 3 down suggests test of 4.22 trend line resistance, a further break would suggest initial target to 5.38. Trade idea invalidated with a break below trend channel or Jan19 low.