The S&P 500 is showing signs of exhausting with a H&S top and might break down anytime. A pending short around the 2000ish level with target on 1600 might give a risk reward ratio of 10 if the descending channel keeps. Worth to keep an eye on the rising wedge formed in the last part.
The decline of AUDNZD seems to be set with a weekly H&S bottom that is approaching the neckline and projecting the target to 1.25. There is also an imperfect Bullish flag targeting 1.18
Dejavu from USDJPY? Maybe. Bearish pennant on the daily chart with falling OBV indicates a break will occur soon. Volatility is very low with a funnel in the 127ish area. Stop above the funnel with target at 124. RRR 1:12 or much higher if it breaks the monthly neckline.
The S&P 500 shows signs of exhaustion with a Head & Shoulder pattern. The neckline is very clean and ready to be broken in the coming weeks. There is a good chance a new dip is coming and the current rally is an excellent opportunity to enter before this happens. Entry level around 2000, stop on 2100 target on 1500.
USDZAR is bullish longterm. There is a short-term USD weakness which might find a support around the 16 level. A pending long with stop at 15.9 and an open target might be a good strategy.
With the current low volatility there is a good chance to enter with very small stop loss level and have a reward of 1:12 near-term target is 6.66 long term 10.
Triangle on H4 has broken downside and got a revisit yesterday of the support which has then confirmed the bearish outlook. Projected targets at 39, 36 and 32.
There is a triangle formation ready to break out at H1 which allows us to enter with a very tight stop. LONG at 107.5 with SL at 104.81 TP levels are at 122, 127 and 150. RRR 1:24
USDJPY is still in a bullish trend despite the recent falls. It has built a weekly triangle which will complete itself with a progressive diminishment of volatility. I'm long and await a break of this triangle to reach the previous highs and even beyond reaching a final target of 128. Exceptional Risk reward ratio if you enter now.
I'm bullish on this one. Spotted inverted H&S on the weekly chart, with bullish pennant that projects the target beyond the 100 level. A good entry is around 80ish with a stop loss on 78. The Risk reward ratio is 5.4 for the 92 target or even more if it keeps up.
