FX:AUDNZD The rate has broken the 6-year-long falling trendline resistance and is now climbing higher to test the inverse head and shoulders neckline around 1.1300. I am looking for an upside break and retest to enter new long positions to potentially target the former major support/new resistance area around 1.2100. A strong rejection lower from the neckline...
price has formed an inverted head and shoulders pattern expecting price to break neckline and retrace once that happens, entering short looks like a good idea
XAGUSD on 4 hour chart has given a breakout from an inverted head & shoulder pattern with neckline at 17.26 level. Any dip near to the neckline is a good opportunity to go long for a target of 18.80 - 19. The stop loss for the trade can be placed at 16.50 level.
Fundamentals of the company have consistent growth year to year with decent sized profit for a FTSE small cap stock. With a inverted head and shoulder pattern (in a overall down trend) marked by the blue squares indicating the left shoulder, head and possible right shoulder. We also have bullish divergence on the MacD and RSI along with an over-bought signal...