EURJPY Symmetrical Triangle Breakout FX:EURJPY
There is a support line (the yellow dotted line) coinciding with 78.2 and 88.6 area of a fibonacci zone which should provide support. A triangle pattern seems to be forming a wolfe wave since the 5th wave has gone outside the triangle support lines. I have put two entries, a normal entry and a conservative entry for traders who don't like risk, and again a...
This symmetrical triangle pattern on the weekly chart of EUR/NZD is an interesting chance to go long in case of an upward breakout. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My potential exit level is shown with the green line. I will set the stop-loss order to the low of the breakout bar (not...
Global range (i63.tinypic.com) = 1.05-1.35 Price pierced downside of the range to parity levels but couldn't grasp there. AUDNZD couldn't complete reversal Inverse Head And Shoulders pattern (orange semicircles). Now we are in a Symmetric Triangle (white). Good to buy on dip and bounce off the downside of triangle or on the breakout of red downtrend and white...
Just about hitting a support level on the symmetric triangle. Fundamentally, the global markets are going through a rough time this week, which could drive demand for haven assets such as 10Y treasuries, driving the price up to hit the resistance level of this triangle. I think that we will see a short-term move up to the resistance. Look for breaks on both...
Hi there! Falling NZD amid rising EUR can bring EURNZD to 1.8086. Best wishes!
A number of trade possibilities on this symmetric triangle. I personally would be bearish USD fundamentally, so look for downside breaks to trigger an extended move down. Breaks to the upside will also provide excellent opportunities for a short-term trade.
there is forming symtrical trinagle after breakout above weekly resistance with lot of room for uptrend.
My opinion on gold is 1. It would make a good buy position now, and 2. it makes a good hedge for a portfolio. The reason I think it has upside potential is due to the dwindling investor sentiment in central banks' ability to drive inflation through monetary policy. For this reason, I think that the coming few quarters will see investors buying into gold as both...
breakout came earlier than expected!
The symmetrical triangle pattern on daily chart of AUD/JPY presents a possibility for a bullish breakout. The pattern's top and bottom borders are shown with the yellow lines. My potential entry level is marked with the cyan line. My potential exit level is the green line. Stop-loss is to be set to the low of the breakout bar (not shown). More information, chart...
Quite a solid symmetrical triangle forming here and getting very close to the apex. Profit targets based on previous structure. (Zoom out to see lower target structure.) Trade a close outside the triangle.
Its Time to Go For Some Good Pips ,this trade have an excellent risk reward ratio,the trend in w chart is bearish ,now in Daily its look like a symetrical triangle .
6 hit points on the triangle. Expect a 7th and then a break to the downside at the 8th. Profit target indicated by green line. (I will also buy a break to the upside.)