Simple Reversion to the Mean or the Trend line in an uptrend. Acceptable Risk / Return ratio being 1/3 of (entryPrice - price at trend line) added (above) to the entry price for the StopLoss
BATUSDT has broken out on high volume and may continue doing so. Prepare for a retracement confirmed by a period of consolidation prior
After a strong bullish runup, DASH has been consolidating in a horizontal range. Low breakout has been rejected so prepare for possible breakout on either side of channel
The larger timeframe is bullish and there has been a recent pullback which has found support on the Daily 50 SMA. On the other lower timeframes it has penetrated below support which could signify the beginning of an end of the bullish run. Consolidation and a pause in the pullback could be an opportunity for a quick Swing trade in the direction of the larger trend.
Gold is indicating a decreasing of it bullish momentum. It is however nearing long term high price levels which it will likely want to test. Breaking through those resistance levels would be a bullish sign. Observe for a rejection of that level or a breaking of support lines to go Short
Divergence indicate potential of pullback from recent bullish runup.
Volatility is decreasing on multiple timeframes with lower highs and higher lows. Low volatility begets High volatility with a squeeze often being followed by a volatility breakout/expansion. It could be a sign of caution and patience for the upcoming AUD news but many institutional participants may take a directional position prior to the release prompting an...
Pattern with characteristics of Head and Shoulders type pattern formed which could indicate a Reversal. Positive USD news could trigger a break above the neckline
Previous support found at the 50 Moving Average and is indicating a possible Swing up. Be prepared for a retest and failure and a continuation of recent down move to find next support level
Possible Reverse Head and Shoulders pattern signifying a Reversal of the previous recent downtrend. There is a zone of uncertainty between the H&S neckline, the 50 SMA and the larger timeframe trendline. The market usually wants to test these levels The MACD indicator is showing a return of positive Momentum. The conventional projection for the Take-Profit target...
Price Momentum Divergence after a Consolidation Phase. Could precede a reversion to the longer timeframe Mean
Higher lows made in previous downtrend. Could be a bullish turning point with a well defined failure of reversal and continuation of downtrend being the downward penetration of the previous pivot low
There are well defined entry and failure points for either Long or Short trades. It is testing significant moving average levels on the larger and smaller timeframes so wait for confirmation by price moving significantly away from them before entering a position
AUDCHF has pulled back from its larger time frame uptrend and is now testing major moving average support levels. Providing it does not oscillate around this level, there are well defined entry points to commence either a Long Swing Trade or go Short at the failure of support.
Wait for confirmation of break of support before entry as there is a high likelihood of uncertainty and volatility. Will likely want to explore the nearest support and resistance levels
Price consolidation so could indicate some pre-reflex price activity. Use a tight trailing stop to prevent being on wrong side of possible continuation of Breakout
The Kiwi is in a Bullish phase at the moment with higher lows and higher highs. It is a potential breakout pattern in a state of constricting volatility which will make it very sensitive to any new information such as the upcoming Economic US News event
Possible Reversion within the Triangle with an increasing chance of a breakout as price approaches the Apex which coincides with upcoming news releases