Major uptrend has been broken with a downtrend now BULLISH MOMENTUM is showing insce touching 116.926 level where the TP os 117.737 can be touched. STOCH and RSI confirm decision. Ema shows price is hovering around the average.
Past few months making Sideways or Rectangle Pattern (335-365) Break will be either one side.
It is difficult currency to predict at the moment. The BoE are meeting on Thursday, where they are expected to lower interest rates; this could see the GBP slump towards 1.25, as per all the economists are forecasting. Anyways, at the moment you can classify the pair to be in a rectangle and a wedge shape; if the wedge breaks bullish, then the resistance will be...
The 1.054 price has been respected since January, if this price breaks before a retracement expect upside of 1.07. The price is currently in a rectangle consolidation phase, and has been since mid June. Until this breaks, look for scalps.
low risk, short term buy excess price from rectangle before, now price closes higher
BIG JUMP REACHING HIGHS SHORT OPPORTUNITIES AVAILABLE RSI and Stoch confirming
uptrend is ending for the hour high are being tested the stochastic is also confirming my decision.
do a buy order at 1.45552 then follow the TP AT 1.46366 AND SL AT 1.45306. the stochastic is oversold below 20, 9 and 21 EMA are being tested so they are bullish opportunities maybe apply to this the 1 hour chart for quicker results ??
Rectangular Box can be used as prices shaping like a rectangle...Important lesson.. If RSI is above 70 which is overbought level ...that doesn't mean that you will take short...Momentum Indicators can remain in overbought zone & price will keep extending...India Nifty since 26th May opening has been moving into consolidation... copy the rectangle shape above its...
Get it in guys, get it in.
Pretty textbook bullish rectangle. Conservative entry would be after breakthrough of resistance, however, I am not conservative.
These spikes are starting to show strong rejection. There is a trend line bringing the price up, and with a change in the head of the Reserve Bank of Australia, anything could happen. The blue rectangle represents the unknown zone. I would suggest targeting the short term short, and put your stop loss at the top of the blue rectangle. If the price closes above...
following the rectangle rules, this are the probable targets
Grupo Financiero Banorte SAB de CV(BMV:GFNORTEO) are dancing across the accumulation zone started in 2013, at the weekly graph are in the top. If we see the daily graph or the 30min we can see the overhead stock. Target 1: 85.5 Exposed in local currency MXN.