From the daily chart, we noticed that a Bearish Hanging Man formed at the channel resistance of a descending equidistant channel two days ago. The formation is completed and confirmed when a Bearish Tailed Bar formed just after the Bearish Hanging Man. We looking for a chance to short the pair to trade with the directionRead more about EURUSD Daily Chart (12 Jan, 2016)[…]
Bullish Piercing Line followed by a Bullish Hammer formed at former resistance level (now act as support level). There’s potential for price to re-test resistance up near 2.08635 in the coming days.
Bearish Shooting Star formed at dynamic resistance (EMA 21) and former support level.
Bullish Hammer formed at the channel support. Notice in the daily chart above, we have a market that is making higher highs and higher lows, this represents a ascending equidistant channel. We looking for a chance to long the pair to trade with the direction of the equidistant channel. Once the long is trigger, we would set our target at the latest horizontalRead more about AUDJPY Daily Chart (15 Dec, 2015)[…]
Bearish Shooting Star formed at dynamic resistance level (EMA 21). We like to sell this pairs to rejoin the current major downtrend. Our target set at around 1052.95 as this is latest support level.
Bearish Dark Cloud Cover formed at former support level (Act as resistance now) and trendline resistance. We waiting to sell at resistance level (2.0955) and set our target at 2.0435 (support level).
As you can see from the image above, retest come after a market breaks a key horizontal level of support almost a month ago. The market now revisits the former support level after breaking it, we want to see it test that level as new resistance. The bearish shooting star which is formed at the newRead more about AUDNZD Daily Chart (16 Nov, 2015)[…]
Double Bearish Shooting Star formed at the channel resistance two days ago. Notice in the daily chart above, we have a market that is making lower highs and lower lows, this represents a descending equidistant channel. We looking for a chance to short the pair to trade with the direction of the equidistant channel. Once the sell is trigger, we wouldRead more about GBPCAD Daily Chart (4 Nov, 2015)[…]
Bullish Engulfing formed at channel support. We remain bullish biased on this market and we see any pullbacks as potential buying opportunities.
Bullish Hammer formed at support level.