Tag Archives: triangle

AUD:USD – Continuation Set Up

Posted on April 18, 2012 by

The Aussie has worked itself into a triangle type formation today. I’ve outlined some strategy thoughts below.

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EURUSD – long or short – that is the question

Posted on March 26, 2012 by

Hi everyone, to start the week I have a pretty straightforward chart to look at and that is the hourly EURUSD which is showing a very clear resistance level at around the 1.3285 level. It would appear at this stage … Continue reading →

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Pennant set ups – US Dollar

Posted on February 8, 2012 by

Hi everyone. The US Dollar fell sharply yesterday following Ben Bernanke’s statement. This has left a number of Pennant style patterns in dollar related charts. Two examples are EUR:USD and Gold as shown in the charts below. As I draft … Continue reading →

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Aussie dollar shows the danger of moving too soon

Posted on September 14, 2011 by

Hello everyone, as I was watching the AUDUSD trading this afternoon I thought it was worth recording some thoughts on the different ways in which breakouts occur. As I was recording I also thought that you could look at these … Continue reading →

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GBP setting up for hourly descending triangle

Posted on September 8, 2011 by

Hello everyone, it’s been a choppy few days in most markets and decent trending moves have not always been readily available – particularly on daily charts. Getting down to hourly charts though one of the more consistent FX movers has … Continue reading →

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Incitec Pivot (IPL AU) in Symmetrical Triangle

Posted on March 9, 2011 by

Hi everyone, I wanted to show you a chart from the Australian market of a symmetrical triangle in fertiliser maker IPL. I think that at the moment this type of consolidation pattern is similar to what we are seeing in … Continue reading →

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Ramsay Health sees Symmetrical Triangle breakout

Posted on March 2, 2011 by

After trading in a consistent uptrend for many weeks – Ramsay (RHC AU) has broken through its most recent consolidation pattern – the symmetrical triangle. Regular readers of the blog will know that this is a pattern that we regularly … Continue reading →

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Campbell Brothers RSI Divergence Setup

Posted on March 2, 2011 by

This is a post that would likely be of most interest for Australian share and CFD traders but in any case it’s worth taking a look at for quite a good example of how an RSI divergence setup can unfold.

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USD/SGD Daily Symmetrical Triangle

Posted on February 25, 2011 by

Hi again everyone, on my daily trawl through the charts today I happened upon a formation in a currency pair that I generally don’t spend a lot of time looking at – the Singapore dollar. One wider inspection you can … Continue reading →

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AUDUSD in 60 min Wedge Formation

Posted on February 1, 2011 by

Hello everyone, on my travels through the charts today I happened upon this wedge setup on the AUD. This is quite an interesting pattern because although the wedge seems quite clear the recent day or so has seen the currency … Continue reading →

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