With Alpha exploding over the past couple of days and with RSI off the scales, could Alpha now be correcting in to a H&S pattern or preparing for it's next break out? Too early to call whether it is plotting a Bull Flag or H&S, but time will tell!
Really simple bull flag set up, also for my followers you will notice the rvi bullish cross. look to trade the continuation pattern on the pullback or stop loss as placed. We may see some yen depreciation on oil strength as the catalyst for this move, look out for news events also.
Now I have two trend lines running through the market, now technical indicators still insist on buy, although we can see Lower Highs forming, now this was something that baffled me, were in a slow downtrend yet the indicators say buy, that's when I realised, EUR/USD, could be in a bullish flag, something to consider, see you at the market, LJ
Falling flag following a rising pole showcasing a classic bullish pattern. Awaiting confirmation move above the falling flag channel for entry point. Preference would be to trade with the confirmation breakout move accompanied by large volume showing the market supports the breakout and a general bullish move.
Risks are that rsi is trending down and volume is not...
The sellers are already in the game. This is a bearish continuation trade. Compare with your analysis and take trade with your own confirmations.
Let us know in the comment section if you have any question.
After the structural shift from buyer to seller trap after months of Bullish momentum on the monthly time frame I believe this pair as started and will continue to fall in the coming months due to trapped liquidity in the downside so try to hold until you're satisfied with profits
This is a very slow pair therefore requires lots of patience and should be...