Just a Hunch.... My Risk my Hunch.... Do Your Own Study... Tight stop Loss above previous High
Bullish Signal - Falling Wedge Formation ( wait for Pin Bar or break below ) Bull Or Bear Signal Price Action Sits on top of EMA-200 1hr time frame ( will it bounce ? ) Bearish Signal 10 EMA crossing down over 20 EMA ( will it continue down ? ) Bull Or Bear MACD sits on support ( will it break down or UP ) Wait for sure confirmation and tick off the above to...
EUR/GBP - Seem to have broken price range and at the start of wave 5 formation to break through consolidation stage Wait to see confirmation of completed Retrace possibly as far as 38% FIB level and forming new HH & HL... 10EMA Crossed Up Over 20EMA signalling Bullish Trend. Price Testing 200EMA ( Could Bounce off and follow downtrend)
Head & Shoulders Dynamics of a Head & Shoulders pattern is sell position if neckline is broken Wedge Trade can go both ways, wait for the confirmation but also remember that false breakout may occur so wait to see if retrace is confirmed This is my trade analysis and not to be seen as a signal please do your own homework....:-)
USDCAD seem to form wave 5 final leg emerging from BULL Flag 60 minute chart, will look for false breakdown followed with sharp uptrend to first line of resistance at 1.23660. From here possible ABC corrective move and enter consolidation Chanel stage....
NZD Grew in strength past 3 months with Wave 5 uptrend while USD was in corrective downtrend, USD seems to have found support and enter early period of Consolidation which brings my analysis to NZD ABC corrective downtrend....
UC hasn't been this low since April 2015. Possible reversal point followed by extended consolidation period to be followed by break out ......
Hi Trading View community, My First Trade Idea Post newly joined .... CAD/JPY perfect inverse head and shoulders formed over past 2 years Price sits at neckline, will it bounce off and continue down for retrace and momentum or break through.... As for me ill keep watchful eye.... Will appreciate interaction/critic Rgrds NCB