Looking for a trade of the double top or at least break of support line-> to become retest of the megaphone pattern. Target either the height of the double top or signals at megaphone structure, respectively 100 EMA in D chart.
The asset has also provided a flag pattern and now is in a flag pattern again, the 100 MA will provide support the price, and the Coppock curve is a in a triangle pattern and it will most likely breakout upwards to be positive. Also, this is backed by the volume decreasing showing a breakout is Imminent.
Price broke support -> becomes resistance. Price tested the EMA in 15 min chart but could not close above it.
As advised 23/03. breakout out of Feb low price resulted in a sell of right towards the massive support area 107 - 106. Only 1/2 position invested as price never retraced to the 2nd entry. Prepared to take of position at 107.5 and look for long short term entries. Another +250 Pips potentially to be earned on the pullback out of the above mentioned support area
The Ftse 100 has been reacting to recent events like article 50 activation and is highly volatile. But the price is a new fan area so could represent a trend change, furthermore the price broke out of the ascending triangle, and now if the price closes below the 200 MA and the trendline - short.
Hey everyone, we are gathered here for another possible short opportunity on the USD/JPY. After a great jobs report this pair ran all the way up a smacked head on in the long standing trendline the FOMC minutes sent it tumbling like a house of cards. It Broke though the another trendline and is currently below a D1 and W1 support level @ 110.541 on the 4H chart. A...
0.77 is a hard support. I think a long to 0.772 is possible. If breaktrough than 0.769 possible.
Just Testing my new long term strategy. Any ideas on how i can improve it please let me know. Thanks!!!
Sujective view on GBP/JPY 4HR chart >potential breakout at the support area of triangle. >wait for retesting the support zone and break below and close below candle before trigger. Stops @ 140.600 Profit targets: 137.000
After building some lower highs (and expecting lower lows), and breaking the support line, I think, this is a SELL. Trade carefully!