AB=CD Pattern with massive Feb Confluence 38.2 and ex 1618 at same point with RSI divergence
Read chart/ Personally i would wait for a indecision candle before entering this trade and enter it if sellers are able to make a new low after the indecision candle because that would mean that sellers taking control of price.
As you can see from the chart above, AUDNZD has made a habit of moving in major bull and bear cycles, each one lasting anywhere from three to five years. We just happen to be coming off a four-year decline and forming a possible inverse head and shoulders pattern in the process. Since November of last year, the Aussie cross has continued to bottom and is now...
Aks appears to be forming a head and shoulders or perhaps double top. The weekly RSI closed at 100 showing that this price is severly overinflated. I expect a pullback into 3.26, with support at 2.75, and then 2.50.
Looks like a head and shoulders is in play. Going short
Potential set-up for head and shoulders pattern. Buying the right shoulder.
Price may reverse from trendline resistance. Disclaimer: Its only my view and trend report.Trade at your own risk
This is following a downtrend, look at the posible head and shoulders patern in a long term. I think it is going to breack the 4H trebd line
AUDNZD has been shaping up an Inverse Head and Shoulders patter on the Weekly chart. The pattern is not yet complete but we still have potential LONG opportunity ahead. Price has broken structure resistance of 1.0880 and looks like it may be making an attempt to retest as support. If that happens, this could leave a nice Price Action signal for Buyers.
Hello again, Just doing some more analysis on another pair, this is what I think may happen as the FED will be increase their information on whether to keep or change interest rate in the next couple of days which may weaken the dollar. Again I welcome any feedback good or bad as mentioned I am only testing my knowledge before I go LIVE trading.
On the 4-hour chart for EURAUD, price has recently started to chisel out a nice Head and Shoulders pattern. If price continues this way, a break and close below 1.5340 would confirm this move and would expose the 1.50 handle for a possible target. Trade idea - Wait for a close below 1.5340 and then a confluent confirmation to entire a SELL trade. Watch for...
Buy Vertical PUT Option spread on FAZ ATM ($55) 3 mth expiration to close at $40. I have entered this as LONG - that is obviously referring to the market going long facilitating this trade which is SHORT on the FAZ 3 x ETF..
EUR USD 4H (inverted head and shoulders)