morninjoe

morninjoe

Qs double bottom neckline break. Push to the 50% retracement; pullback near neckline and bounce

morninjoe

Double bottom neckline break for AAPL. Should hit 50% retracement; pullback to neckline, and then bounce to higher highs.

morninjoe

Wait for confirmation retest of neckline then look to long this for about 80ish pips!!!

morninjoe

Inverted H&S happening! USDCAD has already retraced to the neckline and is pulling back to the right shoulder which is also an area of support. If bounce from there happens then I believe it retraces through the FIB 618 and onto key resistance at 1.3500 where it had previously (and recently) established the top of a range.

morninjoe

AUDCHF is making an inverted H&S pattern on the Daily. It is currently bouncing off key support and breaking trendline. I believe it continues to bounce back to neck line before continuing on to the 0.7060 area.

morninjoe

The EURAUD is looking to form a H&S pattern on the Daily. It has hit strong resistance at two key areas and seems to be pulling back to neck-line. If H&S succeeds I look for it to fall back to trend line and consolidate briefly, before continuing its descent towards the 1.5700 mark.