USD/JPY is still situated over the 111.2 pivot level, the should have been placed on the confirmation made by price closing over the confirmation rectangle, but it hasn't reached the 114.94 (141.4 Fibonacci level of the upside move 101.183-110.916). The stop-loss should be placed on the nearest pivot level: 111.2
Double inside days in the upper bound of the range. A break higher will finally get us out of the range, a break lower could see range holding. Swing failure might be a hint of things to come. Ideally a break higher with prices holding above the rectangle and previous highs should set us up for a decent move higher
Hello guys! Long-term rectangle rupture test. Wonderful buying opportunity !!!
An opportunity to go long on AUDJPY H4 chart. The Bat pattern appears to be failing, with the rectangle breakout likely. Harmonic pattern failures are sometimes great trading opportunities, especially when coupled with another pattern.
This is a DAILY chart of the SPY. Every candle represents one trading day... Let me start with some historical stuff and work my way to the present. At the bottom left of this chart you will notice the green circle which is the beginning of the 2016 Uptrend Line. In June of 2016 the SPY made a higher low (see the 2nd green circle) and that is how I was able...
Accumulate shares near S-line here ahead of break to upside. Target = $50.
Both the Running Triangle and the Rectangle are continuation patterns. With the recent trend being down I would expect lower prices on a break of 1.2870. A break above the A wave high would target resistance and the 200 day MA at 1.4070.
From January 1 inside the box. What experts say, if you want to evolve, get out of the box !!!
Despite reported second quarter loss of $2.9 million that did not meet Wall street expectations, VNRX (VolitionRX) might look quite bullish in a distant future. Three weeks ago there was a bullish engulfing at the bottom of a enormous rectangle which should imply some bullish momentum. This is why we go long with this stock with TP near the upper boundary of this...
AUDCAD is ranging for past 24hours in hourly timeframe, so I expect a breakout out of this rectangle. We can enter the breakout direction once we have valid confirmation. Keep this AUDCAD in your radar and watch closely, enter on the breakout with stops. Happy Trading !
Major uptrend has been broken with a downtrend now BULLISH MOMENTUM is showing insce touching 116.926 level where the TP os 117.737 can be touched. STOCH and RSI confirm decision. Ema shows price is hovering around the average.
Past few months making Sideways or Rectangle Pattern (335-365) Break will be either one side.
It is difficult currency to predict at the moment. The BoE are meeting on Thursday, where they are expected to lower interest rates; this could see the GBP slump towards 1.25, as per all the economists are forecasting. Anyways, at the moment you can classify the pair to be in a rectangle and a wedge shape; if the wedge breaks bullish, then the resistance will be...