Price is at channel resistance but has formed a cup and handle formation at that level indicating a continuation of the uptrend. Price found support at the 50DMa which caused a strong bullish rejection at that level. if price were to contiune higher then price will have to break through the handle resistance at the 0.6640-0.6650 level. a break and close above this...
Breakout of the double bottom formation at support with RSI divergence. TP 1.7900
Head and shoulder pattern formation with price trading below the upward trendline.
Entry trigger on the divergence in the daily time frame
Head and shoulder pattern in play. Pattern will be validated when price breaks above 122.00 Level for a move to previous swing high at 124.8
AUDCAD had been forming a bullish rectangle. over the past few weeks. this is a continuation pattern as price has failed repeatedly to break below the 0.9300 level using this area as support. if current price action continues to find short term support at the 50ma level then a break out above the resistance area should provide opportunity to test the 0.966 level....
Price has been on a downtrend from previous swing highs. If price action breaks below the 4hr200ma, i expect price to attempt retesting the 115.524 level area of support
HEAD AND SHOULDER PATTERN. MINOR SUPPORT AT THE 4HR 200MA. IF PRICE BREAKS BELOW THE SUPPORT LEVEL, PRICE TO CONTINUE TO THE 1.22 LEVEL OF SUPPORT
A head and shoulder pattern formation. First target should be at the 200ma. A break below the 16.5 level should see us target the 15.50 level