Interval: Daily The price of the Hewlett Packard stocks has formed a pretty nice Inverted Head and Shoulder. After it broke its base, retested it. This can make a very nice trading setup. If the price will pass over the last top, it will have an open way to the target of the price pattern. We can set up the target at 17.46 and the stop loss under the base line of the pattern. … [Read more...]
FX:EURJPY Forming Symmetrical Triangle
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Interval: H1 The EUR/JPY has formed a very interesting symmetrical triangle. Even though, the price has braked the trend line, this pattern may very well announce the continuation of the up move. A break over the upper line of the triangle could send the price at the 117.00 level. On the other hand a break under the lower line could be the signal for a corrective move that would retest 112.40. … [Read more...]
FX:EURUSD Consolidation Technical Analysis
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Interval: H1 EURUSD has rejected from the 1.3 key level, as expected. It retested 1.3080 and continued the consolidation between the levels that I have mentioned. This start of the week seems to be quite calm, nothing important that could trigger a larger move. Still, if the market will get and impulse, we should look for a break under 1.3, a trend continuation with the next target at 1.2890, or a break over 1.3080 with a new target at 1.3140/43. … [Read more...]
