EURNZD is about to break very important trendline. In the same time it formed the head and shoulders pattern. The pair can drop for 150-200 pips from here.
Once a breakout is confirmed we should open a long trade. The pattern height is 100 pips, so the target is near 0.689. Stop loss 20-30 pips below the entry point. Good luck!
EURUSD just broke the intraday trendline (red). If it stays below it and fails to climb back, that would be a signal for short trade. Stop loss should be somewhere above the trendline, take profits on important points like 1.16, 1.55...
EURNZD is finally stopped by the upper trendline of the channel. If the daily candle close below it, chances are traders are going to short this pair. RSI is overbought, price is dropping sharply in the last few hours. This could be the moment of the 4 weeks trend reversal. Let's see if EURNZD can drop to the 50% Fibo level, which is an important horizontal...
EURUSD has failed to continue its rally from the last week and rejected some important resistances. If it break through the red intraday support, EURUSD may fall for another 50-60 pips.
Here's a possible scenario for EURJPY during the next week. Here is the inverse Head and shoulders pattern on the daily chart. If price breaks above 129.5 and manage to close above it, we can expect EURJPY to move 550-600 pips up. If that happens EURUSD would probably rise to 1.20 and would make the head and shoulders pattern on the weekly chart. So the idea could...
EURNZD formed a textbook example of a shooting star on the daily time frame. In the same time the pair rejected the horizontal resistance and the long term trendline. Wait for price to go a little bit up and then sell it. Take profits near 1.682. Good luck!
Head and shoulders pattern on the 1h time frame. EURUSD should now drop 80+ pips. Target, according to the pattern height, should be 1.155 or so. Good luck!
Head and shoulders pattern on the weekly GBP/JPY chart. If the pattern plays out, this trade could yield us approximately 1000 pips. Target should be near 133.7 - 134 zone. What do you think?
EUR rally failed last Friday, so the shooting start candle formed on the daily chart. It's a very clear signal that 1.55 level is rejected. In the same time there's obvious bearish divergence on the daily chart and it's just matter of time when it will play out. Chances are EUR/CAD will drop to retest the horizontal support at 1.535 and the ascending trendline. If...
Euro is very weak these days and perform poorly against most other currencies. However it managed to rise against Canadian dollar in the last several days. It could be time for a correction now. Rising wedge is obvious as well as bearish divergence. In the same time EURCAD reached 61% fibo retracement.
Bitcoin is oversold on most time frames. There's a falling wedge, which is a bullish pattern and bullish divergence (RSI). BTCUSD should reatrace 50% or near to $7,000.
Rising wedge on the 1H chart, formed after a sharp price drop. There's also something which looks like the head and shoulder pattern. All these figures are just a small part of a bigger bearish flag, which you can see on the weekly chart.
Bearish divergence and the rising wedge. It seems ETHBTC could plunge to retest the major trendline?
Price: lower heights, Oscillator higher heights. Indicates underlying weakness. Found during retracements in a downtrend. Nice to see during price retests of previous highs. “Sell the rallies”