The Kiwi has broke both a double bottom's neck line and a downtrend line. Now the 100 days MA line is doing resistance. If the price gets to break this MA I hope will reach a 440 pips with a long position.
Looking to capture 100 pips from here off what i believe to be a reverse head and shoulders pattern.
Entry 0.77824. Stop: 0.77294 Limit: 0.78884. Looking to make 2:1 rew/risk
Here we have a bull cypher pattern presenting itself.. Those interested, enter long at buy zone at your own discretion and using your own methods of confirmation.. Others may prefer to enter agressively at limit, just make sure you manage your risk accordingly.
I chose 2 targets of my preference, moving SL to BE after locking profits at 1st target might be a good...
WATCHING THIS PATTERN TO SEE IF I GET COMPLETION WHICH WILL PROVIDE A NICE MOVE UP, AND A REVERSAL BACK DOWN FROM THAT CHANNEL TOP. THE CHANNEL IS PREMATURE AT THE LOWER BOUNDARY.IN OTHER WORDS, IT IS PROJECTED BASED ON THE SLOPE OF THE UPPER CHANNEL; THEREFORE, PRICE CAN PROCEED LOWER FROM THAT CHANNEL LINE TO FORM THE REAL BOUNDARY. OR REMAIN A TIDBIT HIGHER.
i've been following this pair on the hourly time frame for some time now, and notice some inconsistencies occurring, so i went to the higher time frame and saw this setup. currently the price is trading at a strong support level(support because i'm viewing the overall structure bullish trend) so if price break past this level, i'm looking for a reversal at the...
