Price has failed to show clear direction over the last few weeks with price action becoming extremely choppy at times. Price now seems to be forming a bear flag suggesting a break to the downside. As always we will wait for a break and a clear retest before entering.
We are currently in this position (refer to related ideas). We are waiting for a break of falling channel to present an extra entry. We have bullish RSI and MACD divergence suggesting further upside momentum to come
Price appears to have formed a double bottom. Wait for retest and rejection before entering.
Bullish rsi and macd divergence. Wait for break out and target full retracement.,
Last week we saw price break out of wedge formation. With NZDUSD reaching 6 year lows a pullback was expected. Wait for retest of trendline before entering. Target full retracement
This pair has created and expanding wedge. Price seems to have formed a double top suggesting buying pressure is easing. We also have bearish RSI divergence on the 4 hour. Target full retracement of pattern.
We took this trade at the bottom of the wedge formation see attached idea. Price seems to have broken out and retested trendline which was then followed by a bullish engulfing suggesting further upside momentum
Sellers seem to be showing exhaustion on this pair forming a falling channel on the lower time frames. We will wait for a break out before entering. Targets on chart.
i am looking to short this par at 0.747 if we see the weekly candle close as a bearish reversal candle and close back below the weekly 50 ema and 0618 fib level
Fallin wedge forming. Targetfull retracement of pattern.
There was multiple confluences behind this trade. We saw a double top form at 0.5 fib retracement level and a rising wedge form on the 1 hour. I will be scaling in at 106.8 also.
Price seemed to break out of rising wedge suggesting potential upside. We are now seeing price re entering the rising wedge suggesting this was a fake out. We also have bearish divergence on the hourly macd supporting my analysis. If Price closes below 107.7 i will be taking a short position targeting 106.8
Price has failed to break trendline and formed a high test reversal. Target 79.3
This pair has failed to break the previous high. This has formed a right shoulder and potential trend change. Target 0.968
Price seems to have rejected 0.5 fib level from recent swing high to swing low. Target 1.63 1.642
potentail inverse head and shoulders on the hourly. Target on chart