Most of the traders face one major problem in trendline, why the candle breaks my falling trendline but still going downside? Most of the time isn't about plotting the wrong trendline, but how we analyze it. First, we must remember the market phase, Accumulation, Re-Accumulation, Distribution, and Re-Distribution. Second, determine incline degree of a trend....
Price consolidate yesterday, less possible to target higher price, hence wait price breaks the supporting trendliine. aiming 124.2 downside target.
Cable now in resistance level, it could be break up or rejected down. Wait for future setup
After the failed butterfly pattern, shorted this pair and found another potential price level to go long aussie
If the price remains and rejected at current price level, have shown the potential to short GBPAUD
Bearish AB=CD pattern formed at the resistance level in 4 Hour Chart target level at: 61.8% retracement - 1.5815 Conservative target - 1.5870 furthest target level can be 61.8% of the previous swing point and also the next support level - 1.5615
AUDUSD reached its support level, with a rejection candle and a Bullish Butterfly at 4 hour chart formed. With the falling trendline and falling channel, the reversal trade are targeted at 0.7265, 0.7305 (61.8% retracement) and 0.7355.
AUDJPY has reached the main support level with rejection, its time to long the pair and target level at 80.8 and 81.8
A bearish Head and Shoulder Pattern forming and Volume are decreasing, projecting a huge movement ahead. Short this pair once the price breaks the 112.32 Price Level TP1: 111.55 TP2: 111.20 TP3: 110.75
Sell the Neck breakout TP1: 1.1627 T{2: 1.1675 SL: 1.1770
61.8% RETRACEMENT WITH AB=CD PATTERN. TARGET 61.8% 83.70 UPSIDE WAIT FOR REJECTION CANDLE AT SUPPORT ZONE