


fugutrader
PremiumTendency is to revert in the absence of new information and increased order flow, the inverse is true for breakouts
This pattern is challenging to trade but the Risk to Return ratio on this trade is acceptable with well defined failure levels and a high likelihood of reversionary activity prior to news generated momentum moves.
Price approaching Triangle Apex after period of lower highs and higher lows. High likelihood of break and fakes at this point so use the entry of the opposite direction as the stop-loss level.
Combination of overlapping Head and Shoulders with Cup and Handle patterns as well as the confluence with news release being close to the inflection points could result in strong volatility moves.
Approaching pattern breakout levels. Moves may occur preceding the JPY Inflation news release. Use the entry of the opposite direction as the stop-loss level.
Possible trend reversal if break above external channel or continuation if below. There is a channel within the larger timeframe channel and unless there is an unexpected news event the tendency will be to range within the channels until a breakout occurs
Conventionally a Bullish breakout pattern but might be advisable to wait for test of either edges before determining direction. Use the entry of the opposite direction as the stop-loss level.
A divergence on the MACD indicator suggests a weakening in the price momentum of the previous bullish trend. As there could be a period of non-directional consolidation, wait for price to close outside the bracketing entry levels
Wait for test of edges before determining direction. Use the entry of the opposite direction as the stop-loss level.
Bullish breakout activity corresponding to ZAR fundamental news. If price retraces on negative USD news, go short at retracement below upper trendline
Possible Reversal Pattern after a period of consolidation. There are numerous resistance levels at close price proximity so will require sufficient momentum to break through
Price may want to test the previous pivot high before either breaking out above it or travelling to the lower boundary of the wedge to continue with the higher timeframe downtrend. A divergence on the MACD indicator may also indicate that price is losing it's upward momentum
Possible Bullish Falling Wedge in a larger timeframe uptrend. Whether it is a Bullish Continuation or a Bearish Reversal might be driven by the upcoming news. The MACD divergence could indicate a weakening of the downside momentum.
Watch for upside breakout along top of Triangle/H&S Necktie. Take profit is projected to approximate width of Triangle
Await for a correction by using a trailing Stop-In below the trend line. The upcoming CAD news release could be a trigger for a downward break as AUDCAD still in bullish mode with limited resistance levels to upside. There is also a Divergence on the MACD indicator which indicates that price momentum may be weakening. With Head & Shoulders patterns, the target...
Short trade to next support level. Tight stop as could revert and continue within channel
Wait for price to close above the channel low before entering a Long trade with a target below the high of the channel. Stop Loss below the last pivot low.
Opportunity for trade with good Risk/Return ratio. Signs of Bullish Momentum divergence on MACD indicator Stop Loss and Profit Target determined by boundaries of Channel