Love2trade

Love2trade

This is a very low-risk high-reward strategy for trading triangle patterns. Simply open a position right before or after the trendline of the triangle. If price breaks through then you simply take the height of the triangle to find your target. In this case, we have a height of about 1,000 pips. If you get a false break open a position in the opposite...

Love2trade

Bottom green line acting as first area of resistance and top green is second target. Top and bottom red lines should act as new support level.

Love2trade

i'm looking for break of channel to short or a break of resistance for long. Good luck :)

Love2trade

If history repeats itself, this might be what happens?

Love2trade

If resistance holds at 101 this could drop to 98.5 and then to 95.5 area. Look for short opportunity at 101 level!

Love2trade

Using Elliot Wave analysis, it looks like top 5th wave was at 103.5 area and now the dollar is finishing a,b,and c corrective waves. However, 97.0 area is acting as support level and the dollar needs to break through this support to confirm the down trend. 94.0 could also act as 2nd support again before going lower. US news might prevent the down move also if data...