Tag Archives: reversal

EUR/USD may be setting up for an hourly Gartley reversal

With the recent strength in the USD there have been some pretty significant declines seen in a number of currencies. Whilst no-one wants to try and ‘catch the falling knife’ it can be a good idea to look in advance … Continue reading

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Triangle and M Reversal on Oil Chart

The WTI crude oil chart has been a good one for providing useful chart setups of late and we have seen that continue now after the recent breakout from a symmetrical triangle formation. As is typical of symmetrical triangles the … Continue reading

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Fosters almost completing Descending Triangle pattern

The descending triangle is one of those patterns that is seen fairly regularly but is well worth keeping an eye on. Generally I would suggest that it is workable whether the breakout occurs to the upside or the downside. If … Continue reading

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AUDUSD finding some resistance – for the moment

Given the surge in momentum in the AUD (or simply downward momentum for the USD depending on how you read it) there has been equal amounts of talk about when the Aussie will reach parity with the USD and whether … Continue reading

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An unfolding ‘W Reversal’

As you can see from an earlier post that was looking at the AUDUSD ‘W Reversal’ setup this is a formation that looks for a reversal of trend being set up based on a formation around the Bollinger Bands. Naturally, like any trade setup this is not fool proof or universally successful but it can be worth taking a look at how they unfold so as to think about how the trade once in place should be managed. Continue reading

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