Broke out of ascending triangle and broke the descending trendline. Ready fro more bullish momentum. If 4 hour closes as bullish pinbar I will enter. Target around 127,000.
Another possible H&S pattern. Broke down below the range its been in since 2015 late December just to shoot straight back into it early January. Seems like quite a bullish move to me with potential to move higher up into the range again and this gives more confluence to a potential inverted H&S in the making.
The currency pair has been in a downward descending channel since March 18 and is approaching the top level of the channel again. It is also approaching level with lots of resistance and support and could potentially line up nicely with 50% fib level or even test the 61% fib level before turning down again. Waiting for an entry on the 1 hour chart.
A breakout of...
