Price has respected channel structure, potential for further downside.
Price has broken from upward trend line so we could be in for some downside movement in the descending channel. Wait for confirmation and more bearish price action before entry, we have highlighted our area of interest.
UPWARD CHANNEL IS HOLDING AND WE HAVE RESPECTED DAILY SUPPORT ZONE, WE ARE LOOKING FOR PRICE TO TEST THE NEXT AREA OF INTEREST IF THE CHANNEL HOLDS.
Price is currently at long term structure and as we can see a 5wave corrective pattern has formed which would indicate a move to the downside. Price is currently at a position for a good R/R ratio.
NZDUSD continues to be in a long-term correction, price is currently consolidating and we expect price to be quite choppy for a while before continuing to gain buying pressure.
Retest of support zone (previous resistance)
Here we have an almost perfect Gartley pattern formed on the daily chart , Price has already respected this formation and bounced from the area of interest #1 acting as support. We are now quickly approaching the area of interest #2 which price has previously reacted from, so if we can see a break past this area our next target will be the area of interest #3...
NZDUSD continues to be in a long-term correction, price is currently consolidating and we expect price to be quite choppy for a while before continuing to gain buying pressure.
Here we have an almost perfect Gartley pattern formed on the daily chart, Price has already respected this formation and bounced from the area of interest #1 acting as support. We are now quickly approaching the area of interest #2 which price has previously reacted from, so if we can see a break past this area our next target will be the area of interest #3 which...
Price is starting to accumulate around the falling wedge trendline it appears that it is imminent for a break to the upside with big potential as price is also in key 61.8 area from previous swing and also at the daily support trendline, good opportunity for long positions.
Trend change. Here we have 3 scenarios, Price has broken the ascending channel and we are looking for some more bearish price action; Mario Draghi earlier in the week suggested that policy normalization would be a longer road than most traders were hoping for and the Eurozone's market PMI rolled back from historic highs suggesting that the Euro doesn't have much...
Here we have a Gartley Pattern form on the 1D chart, price is also hovering around trend line resistance, good opportunity to short I expect a bounce to channel support.
price at key support zone, price has previously bounced of this area as we can see a bullish pin bar has formed possibility of another bounce
price is now testing the support zone, if area holds price could bounce to previous highs or if area is not held drop further towards 1.2000 area.
Price is hovering around the upward support trend line formed on the 1hr time frame offering a good entry if the trend were to continue and after doing some analysis, I also noticed a bullish bat pattern form in the 15m chart which is also a bullish indicator. I'm long on the pair with initial targets highlighted in green.
Butterfly gartley pattern formed on GBPJPY, what you guys think?
Here is a massive setup on the weekly timeframe offering massive potential. This scenario becomes invalidated if price breaks below 1.04
Here we can see the daily structure being broken. The next area of interest lays around the 0.50 fib level from previous swing which price has previously rejected.