GbpAud has retested the highs on the daily and is currently putting a head and shoulders pattern in. If you are aggressive you can take the shorting opportunity now at the right shoulder or wait for the break below the neckline.
Looking to go long if this the current 4 hour candle can finish bullish..
if it doesn't happen will look for a different candle stick set up but will have to be at the same level to complete the inverted H&S pattern.
Any questions feel free to ask
Possible short term trade on the CHFJPY
Japanese Index has started to fall so some currencies are gaining in strength against the Yen
Any questions are welcomed and will be answered
Lets see how it plays out
AUDUSD looks like its struggling to get down past this level yet again. could be a chance to grab some quick profit.
Or it may go longer term and move higher. But with the rate cuts its highly unlikely
Id be definitely looking for a move up to 0.674-0.675. Then it may look to reverse and move lower.
Any questions feel free to ask.
Looking to sell the weakness of Europe and Brexit chaos. Looking for reversal on the Daily to continue.
Entered on short on a bull trap on the hourly chart.
looking for a multi day move potentially adding size when the opportunity arises
pair climbed high breaking the highest res zone , forming a new zone, however price is dropping , DOUBLE TOP POTENTIAL, after break of neckline and price pushing below , zone low , strong sell must be anticipated.
These two are called reversal patterns on GBPSEK. It is about the shape of the pattern. This is experience-based knowledge. This does not mean the most recent pattern is bound to reverse. This is not a prediction. It is a probability estimate.
GBPSEK is a very volatile instrument which is much avoided. How strange cuz volatility is needed to make profits (and...
Following a 1000 + pips move up, we are finally seeing price pulling back.
Should price stay below 1.7390, then look for a formation of a lower high on the 4HR before a push down.
Any potential move down should be treated as a Daily Phase 2.
Looking for a long entry on GBP/CAD. Hit major support level, looking for a bounce off this support level to the upside. Specifically looking for a double bottom around this level to confirm entry to the upside.
Our entry order got triggered in yesterdays trading day & the pair has currently been in a consolidation zone for the past 4days now between 0.69090 & 0.68500, We are looking for a clear break & retest of 0.68500 for further downside momentum. If the 200ma fails to break we will be looking to close the profit manually.
First of all , The trendline could be used as a dynamic resistance and price could bouce off of it and head towards the 1251.82 Area or Or price could push up towards the resistance at 1259.84 and pullback towards the trendline and head towards the 1264.33 Rectangle area where there is a minor reversal area