Price has created what seems to be a descending wedge/fall wedge pattern just above a support level, this tells me that price could very well be looking to reverse. price hasn't broken out yet so its still a waiting game. I set my buy stop because AUD/USD tends to be very volatile during news releases
Price has broken out an ascending wedge in an impulsive manner, this to me indicates that price is done correcting. We can also see that price has created a head and shoulders pattern, which in this case can be seen as confluence. Price is still retesting and could go back into the channel however i am shorting.
Price has broken out a bear flag pattern prior to the formation of this pattern which seems to be a bear flag and can be taken as a sign of confluence as its confirming my overall downward direction. I expect price to drop to at least 0.74784 before looking for any reversals from price.
Price broke out in a corrective manner and retested along the broken support now resistance and dropped at the open of the london session, price is currently nearing the first Target. If we get rejection from the support zone i suggest closing open trades or protecting profits.
On the 4 hour timeframe we can see that price broke out of a ascending channel in a impulsive manner confirming the move lower, fast forward a few bars later price creates this bearish wedge which basically is giving additional confirmation. To confirm this pattern we are waiting for price to breakout impulsively and give us a retest to the breakout zone/area,...
Price previously broke out the resistance structure and could be retesting to continue higher. The pattern you see is a falling wedge, we can see that price tested the trendline twice strengthening the pattern. The pattern is a bullish pattern meaning i expect price to push to the upside , however price could still go against me and drop further. for an early...
As we can see price has broken out the channel after a short period of correction and is currently retesting or testing the breakout level. price drop to level 1.55246 if we see strong reject at the breakout level.
Price has broken out the descending channel it has created in an impulsive manner, this could mean that price has taken a new direction. Before looking for bullish entries we need to wait for a retest which could go as low as the breakout level of the channel, this will give us an entry levels and stoploss levels.
Price has broken out the descending channel it had previously created and retested, the retest shows us strong rejection along the broken resistance trendline. We can also see that price is moving within a bullish trend, all this can be seen as confluence.
Price clearly shows us a possible double bottom pattern, this pattern will only be confirmed once price breaks out the neckline.
Price is currently moving within a bear flag formation in a corrective manner. If you go deeper to a lower timeframe we can see that price has formed a possible bull flag pattern. The chances of price pushing higher are strong because price is known for continuing in the direction before the consolidation, in this case its bullish.
Price has recently tested a strong support trend line and key level, from what i have learned a bullish reaction would/could be the outcome. To confirm this theory we have to wait for price to either show us strong rejection or create a pattern that would give us the indication of a potential bullish direction. The target would be the resistance trend line or any...
As we can see price has broken out the ascending in an impulsive manner meaning theres a good chance that price could drop. We can expect price to consolidate a little before dropping, this is a short term direction, the overall direction is bullish however the scalpers can secure a few dollars.
Price moved as expected, it broke out the channel impulsively before retesting to find resistance at a resistance zone and showing strong rejection. Price then continued to move lower, still waiting for price to hit our expected target. i shared this last week.
Price has finished its impulsive move lower to reach the expected target. We can expect price to correct sideways before continuing its overall move higher.
Price completed its move to hit our target. Shared this earlier.
Price has broken out the rising wedge formation in an impulsive manner and is currently retesting. A strong rejection is needed before entering for sells.
Price has completed the breakout move from the descending channel and could possibly shoot higher. price has also been moving correctively towards the support zone and formed a double bottom patter. overall price is looking bullish.