after an impulsive move for two and a half weeks we have had a correction fore two and a half weeks there is an inverse head and shoulder pattern at the bottom of trend line confirming a bullish setup. also we have fundamentals on our side as added confluence. The BusinessNZ Performance of Manufacturing Index in New Zealand stepped up to 54.3 in October of 2021...
n the dax we have an impulse to the upside my bias on the price going up is because i see a continuation pattern to the upside with 3 clear touches and a key area that price was respecting as a support to the upside.
price created a big bull flag to the upside I was looking for shorts earlier because of the fundamentals but further technical analysis I saw a move the upside was clear after a 1H low-test candle stick formation. with a 30pips target and a 14pip stop just incase the fundamentals change the direction.
USDJPY has one more push to the upside . Price impulse to the upside giving us a third touch on the support trendline, creating a continuation pattern to the upside so at reach the pervious high we had.
if you like my set ups please comment.
after an impulsive move last week the AUD still has strength and price is probably going to give us a double top before we sell off.
like and comment so we can share ideas.
looking at the ftse100 i see clear inverse head and shoulder pattern with descending pattern also as an added confluence . Indicating price will go up that my analysis on the uk100 comment and like.
![DE30EUR: Dax30 [German30] Long](https://s3.tradingview.com/f/F7IJA5si_mid.png "Dax30 [German30] Long")
