Low risk/high reward on the 15min chart for a bat formation on GBPJPY
Long before the big short. I decided to go long because of the trend as seen in different time charts (1H, 4H, and 1D). Once it reaches my two targets, ill be shorting this currency for fibs. 38.2 and 61.8.
This is my breakdown for this pair. I can see a false break of trend but overall I see a bearish scenario (Daily chart). FX:AUDUSD
This is a swing play that could take weeks but it could be profitable. \ Also looking for lower time frame opportunities.
Not the prettiest head and shoulders but this might just work. I personally will play this differently than a normal head and shoulders. I am expecting a bull flag forming.
This is one scenario and possible trade plan. Trend was broken, if it uses trend as resistance, this is what i am looking for.
Possible head and shoulders forming on a strong support. Great L/P ratio.
This could be the catalyst for the push up for EURAUD.
the SPY already hit the 61.8 fib and re-tested it this week. now with bad news as catalyst, the downside seems unevitable, get ready for some shorts!
With earnings coming up, will the pattern complete? I trust on this company, specially now with COVID-19, they have their own "zoom", but also they depend a lot on businesses. This is not a big "home" network but patterns tend to repeat themselves so... what do u guys think?
Im back at this, im back and better. I think ALGN is going to go down due to some technical tools.
its overbought and it has reached a 78.6 fib level. RSI AND MACD looks good, and with this market volatility it might go as planned real quick!
FB hit a major support and might bounce back up, RSI is good, MACD is good! technicals are good (in my opinion).