Hello Traders, I hope everyone had a profitable week. Here is something for the next week.. AUDJPY is in consolidation zone in a rectangle channel since last few days. It seems like price is resisting and will make downward move to retest the support area. Latest Engulfing Candle on resistance level and an overbought RSI indicate short entry.
Price is consolidating within a rectangle channel pattern and seems to be making it's next leg down to the bottom of channel support. Wait for close and confirmation on lower timeframes. Good Luck!
After an impulsive downmove the price shows a bearish flag. I think we could see another touch of the upper resistance level
uptrend ... its a horizontal correction... buy after going out of rectangle
Good breakout. Ascending triangle, Rectangle. Target at 31.
Will the rectangle channel pattern continues ?
Pretty clear bearish rectangle formation, along with pretty bearish clouds all around.
After forming a rectangle pattern, EUR/USD has seemed to have finally broken down on a fairly good amount of volume and with bulls taking control of the market it's fair to say a downtrend may be just around the corner, as well with the MACD crossover below the center line it's a good confirmation of a new downtrend
Wait for price to stay around 13.1 - 13.09 then enter long term shorting position
wait for a candle to close above the 0.97449 level to confirm breakout
Nifty PSU bank has broken down from a rectangle pattern; futher fall likely
Trading as per rules in trading plan DXY Long Term It was fun to have you ;)
Possible breakout from 4 month rectangle. Daily/weekly close above S/R zone, above fib, price above SMAs. possible impulsive move as in Apr/May. Developing fundamentals - emerging lithium mine in Australia. PLS-ASX
8 week consolidation rectangle within 1.45-1.415 region. A breakout to the downside is favored due to the initial break of the larger range of 1.61-1.45.Initial targets around the 1.38 level thereafter a larger longer term target of 1.29-1.3. Aggressive stops could be near the breakout days high or above 1.45.
There is a 1 year Rectangle Pattern forming on CADCHF. Pattern is still to be completed. 0.7240 has proven to be a very strong support. Possible test of the low which could result in a great long term buy entry.
USD/JPY is still situated over the 111.2 pivot level, the should have been placed on the confirmation made by price closing over the confirmation rectangle, but it hasn't reached the 114.94 (141.4 Fibonacci level of the upside move 101.183-110.916). The stop-loss should be placed on the nearest pivot level: 111.2