Résistance line becomes the support line + Pull back = Uptrend
Symmétrical triangle + Breakout in progress = Downtrend to consider
Update Hello everyone Finally prices have just broken out of the top of the small purple symmetrical triangle. In theory they should in the short term move towards the purple line. The direction of the exit of the blue triangle will give us the objective to aim for in the longer term. This will be either the green dashes or the red ones. Good trade to all.
Possible resumption of the decline Channel bottom breakout + Polarity of support turned into resistance + Pull back = Targeting new low +110 points left TP 1.0805 SL : 1.1124
Bullish channel + Rebound on support line = Uptrend
Shoulders and Head Bearish figure Shoulder head. + neckline breakout in progress If the figure is confirmed TP 1.3760 SL 1.4234
The symmetrical triangle is a continuation pattern. So in theory, the EURNZD will go up again. In practice this is not always the case. 2 possibilities: 1. Aim for performance by entering now to try to get TP1 + TP2 or 2. Risk reduction approach. Awaiting the theory to be confirmed by TP1 breakout. Then try to get TP2. And you, what would you have done?
Bearish Rounding Bottom 90 points left TP : 77.25 SL : 8073
Update of the previous analysis Finally the pattern becomes bullish
Symmetrical triangle + Exit from the top = Bullish trend
Bullish channel + Rebound on main bearish support + Rebound on intermediate bearish support Okay. Let's face it, it looks like a bullish move. TP 125.93 SL 124.25
Bullish trend + U-shaped dip = Bullish continuation pattern Probable bullish continuation if the pattern is confirmed Then we aim for the last highs. TP 0.7443 SL 0.7444
Symétrical triangle + bullish breakout + pull back Or Bullish trend (green line) + With a résistance became support line TP 0.6930 SL 0.6795
Bullish channel + Bounce on support line = Uptrend
Both Patterns will be complete on a break of 1.4890 If the chartist theory is confirmed, the exit target is 1.4646 We will then target a new low at 1.4565 TP 1 : 1.4646 TP2 : 1.4565 SL : 1.5162
Formation of a Descending Triangle Bearish bounce anticipated Target 89.64
Hello traders It seems possible that a bullish symmetrical triangle breakout happened soon. If this quickly occurs 118.21 could be the target price.
Hello traders USDCAD seems to be bearish since the pulback on the green line at 1.2792. It's probably going to fall down to 1.2585 Target. To be continued.