Tag Archives: symmetrical triangle

AUD: JPY – Sell Update

The Yen has rallied hard this afternoon. The GBP: JPY sell strategy I posted on Tuesday has hit its target already while yesterday’s Aussie Yen triangle set up is well under way. Here are some thoughts on Aussie: Yen strategy for those following … Continue reading

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AUD: JPY – Swing trader’s triangle

Aussie Yen looks strategically placed in what could be an interesting session for currencies leading into Dr. Bernanke’s testimony before Congress

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Aussie Dollar hits key support

Many technical analysts have been waiting a long time for the Aussie chart to return to its long term triangle support. Last night was the night. What happens from here could set the medium term outlook for Aussie.

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AUD: USD – Triangle

The Aussie Dollar 4 hour chart has formed a symmetrical triangle. This looks to me like a situation that could create 2 or three different opportunities for swing traders depending on how price breaks

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Copper Triangle

Copper broke below the triangle support line triggering entry on the sell strategy I discussed in a post last Friday 1 March. No warm inner glow of anticipation from a big initial move here. At this stage, the market is hanging … Continue reading

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Copper – Sell on break below triangle support

Copper’s steep decline over the past 2 weeks has brought it to a critical level. A clear move below trend line support here would mean a break out of a well established triangle. Weakness in the Asian session today puts a break during the London … Continue reading

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Copper at resistance

I posted details of a buy set up in copper when it was testing triangle support back on 19 November. It’s taken a while but, the red metal last night arrived at the resistance line on the upper side of the triangle. … Continue reading

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China Shipping Container Lines (2286) – sell set up

This chart caught my attention today as a potential example of a classic continuation triangle.

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Copper at support

Housing starts have averaged 761,000pa in the US over the past 6 months. That’s up a healthy 24% on the 612,000 starts in 2011. New dwellings are a major source of demand for copper and with China’s economic growth showing signs forming a base around current levels, the … Continue reading

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Telstra – trading the breakout

With China’s flash PMI again being on the wrong side of 50, it’s possible we may see some rotation back into defensive stocks. Against that background, I thought this triangle break in Telstra looked interesting from a short term trader’s perspective.

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