Here is an ABCD pattern, if failed, then the short-term shorting trade is done.
econd touch to 0.618 after the upward channel broken did not give a new high. Then we should pay attention to this pair until this 4h bar formed. This is probably the chance to add more position if we find a 4h long pinbar .
Since the long term trend line has already been broken in this pair, we now got a chance to catch a large amount of pips. The price made its response after hit 0.618 retrcement. Therefore we can expect the price go back to 1.5300 level to finish its right shoulder, as long as 1.59 doesn't break out. If you are expecting a careful trade, wait until the 4h...
NO new low this time, long it with SL below the lowest point. Trade carefully.
NZD is now facing a strong resistance A clear double top is forming. It is probably a good chance to short and then look for opportunity to long. Thanks, Trade carefully.
The price has reached X point of this pattern, as well as the down side of its tunnel. Since there is a long pin bar in 1 hour, you may try to long it. SL could be below the one hour pin. Thanks, Trade Carefully.
AB=CD has completely, Watch for the break for the inside daily bar. If break upside, we are not gonna either short or long. If downside breaks, short. Trade Carefully, Thanks.
Two factors: AB=CD 0.618 retracement Trade Carefully, Thanks.
Very possible to climb up, but low R/R ratio
Fail to break new low will send it higher. SL Below 22095 Targeting at 1. 22385 2. 22700 Trade carefully, Thanks.
EURUSD is not facing a strong pressure at this price level. We nearly had any data released last week, so everything went peacefully. However, I think attention will be drew from other pairs to EUR and Gold this week. We can try to enter short at current price level and see if it can dip a little bit and go back to the support. SL Above previous High. If...
2618+downward trendline resistance+neckline resistance. SL Above 150.4 Aim for a new low.
It is third time touching the downward trend line. If breaks, it can be viewed as a double bottom. in the contrary, it might be a H&S pattern. For careful trader, it's better for you to short after blue zone breaks.
If this 30 minute bar close as a long pin bar and above 1277, this pattern will be valid, targeting at 1285.
148.2 successfully holds, now we might wanna seek a chance to long it. Since it is retesting the trendline, we can long it at current level. SL below 148.15
Targeting around 111.9, stop loss at previous high.