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AUDUSD, In Descending-Channel, Flag-Formation To Complete!Hello, Welcome to this analysis about AUDUSD, we are looking at the 2-hour timeframe perspectives. In recent times AUDUSD moved on with important determinations as it pulled back in the structure and as I discovered how it is forming not only one decisive formation that will be an important factor in the next times. As when looking at my chart now we can watch there how AUDUSD has formed this major descending-channel-formation with a coherent wave-count within and the wave A already completed. Now as AUDUSD bounced within the lower boundary of the channel it moved on to develop this bear-flag-formation in which it has a wave-count within as well. When this wave-count has been completed and AUDUSD showed up with a breakout below the lower boundary this will mark the continuation to the downside and once this happened AUDUSD will point to the wave-count-target-zone marked in my chart in blue. Once this zone has been reached it will be decisive on how AUDUSD reacts into it and if there comes an appropriate bounce in the structure or not, when a bounce comes up this can lead to a great reversal and potential completion of this whole descending-channel with a breakout to the upside as well, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
9
AUDUSD, Pullback Off Resistance, Likely Continuation Ahead!Hello, Welcome to this analysis about AUDUSD and the 12-hour timeframe perspectives. In recent times AUDUSD showed up with crucial bearish encounters as it pulled back from this main descending-resistance-line in red and increased with bearish volatility after it. Besides, that as I detected now AUDUSD in this whole structure here is now forming this massive bear-flag-formation in which it has the resistance-cluster within and the coherent wave-count in the formation is almost completed. In the near future now as AUDUSD pulled back bearishly from the upper resistance-cluster it is likely that a bearish continuation will follow up in which AUDUSD approaches the lower-boundary of the ascending-channel and when this zone does not hold with AUDUSD closing below the lower boundary this will be the completion of the channel as a bear-flag and AUDUSD will move on with further bearish continuations to approach the initial bear-flag-target-zone marked in blue in my chart, once this zone has been reached it has to be elevated if AUDUSD manages to hold this zone and back-up or it just sets up for further movements to the downside, it will be an interesting journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
14
EURGBP, Bear-Flag In Structure, Objections Ahead!Hello, Welcome to this analysis about EURGBP and the daily timeframe perspectives. In recent times EURGBP has developed a main bearish structure and as I discovered now there is a decisive formation in this structure which when completed will be the origin of heavy bearish continuations. Therefore, as when looking at my chart we can watch there how EURGBP has formed this main bear-flag-formation marked with the boundaries in blue, in this formation EURGBP already completed the wave-count reaching from A to C. Now as this wave-count completed it is also contributing to the more global ABC-impulse-wave-count to the downside and the wave B within this wave-count, therefore, when EURGBP closes below the lower boundary of this bear-flag this will be the activation of continuations and downside-targets marked in my chart in the 0.8225 Usd level in blue, when these targets are reached the situation needs to be elevated anew and EURGBP needs to show how it develops from there on, if there comes a potential reversal or it is just a setup for further bearish downside continuations, it will be an interesting journey. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
10
USDJPY, Develops Triangle-Formation, Incoming Breakout-Targets!Hello, Welcome to this analysis about USDJPY and the 4-hour timeframe perspectives. As when looking at my chart we can watch there how USDJPY is now forming this main triangle-formation above the 45-EMA in red and the 25-EMA in green. The triangle that USDJPY is forming is also simultaneously the wave B in this major wave-count to the upside, in the wave-count USDJPY has already completed the wave A and when this main triangle-formation finally validates in the structure this will be the origin of the wave-C to the upside and USDJPY will move on to approach the upper target-levels and increase bullish volatility to the upside. When the breakout of the triangle happens properly as expected this will be a high likelihood indication for further bullish developments otherwise when this does not happen and USDJPY increases with strong bearishness again this can also invalidate the whole triangle-formation therefore it will be necessary to elevate how this triangle finally completes before coming to further conclusions. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
7
CONTRACTING AND EXPANDING TRIANGLESTriangle patterns are powerful technical indicators that provide traders with valuable insights into potential market trends and price movements. Among the various types of triangle patterns, horizontal triangles, contracting triangles, and expanding triangles are widely recognized for their reliability and effectiveness. Horizontal triangles, also known as symmetrical triangles, occur when the price consolidates between two converging trendlines. These trendlines are drawn by connecting a series of lower highs and higher lows. Horizontal triangles signify a period of indecision in the market, as buyers and sellers battle for control. There are two types of horizontal triangles: Contracting Triangles and Expanding Triangles. Contracting Triangle: Contracting triangles, also known as descending or ascending triangles, are characterized by converging trendlines with one trendline slanting upward or downward. These patterns indicate a gradual decrease in price volatility and suggest an imminent breakout. Characteristics: 1. Converging Trendlines: One trendline is drawn horizontally, acting as support or resistance, while the other trendline slants in the opposite direction. 2. Decreasing Range: The price range between the trendlines gradually narrows as the pattern progresses. 3. Breakout Anticipation: Traders expect a breakout in the direction opposite to the slant of the converging trendlines. Entry and Exit points 1. Entry Point: Wait for a confirmed breakout above the upper trendline (in descending triangles) or below the lower trendline (in ascending triangles) to enter a trade. 2. Stop-Loss Placement: Set a stop-loss order slightly outside the triangle pattern to mitigate potential losses if the breakout fails. 3. Target Price: Measure the height of the triangle pattern and project it in the direction of the breakout to determine a potential target price. Expanding Triangle: Expanding triangles, also known as broadening triangles, are characterized by diverging trendlines, indicating increased volatility and uncertainty in the market. These patterns often precede significant price reversals. Characteristics: 1. Diverging Trendlines: The upper and lower trendlines move in opposite directions, creating a widening pattern. 2. Increasing Range: The price range between the trendlines expands as the pattern develops, reflecting growing market volatility. 3. Breakout Anticipation: Traders anticipate a breakout in the direction opposite to the widening of the triangle pattern. Entry and Exit points 1. Entry Point: Wait for a confirmed breakout above the upper trendline or below the lower trendline to initiate a trade. 2. Stop-Loss Placement: Set a stop-loss order slightly outside the triangle pattern to limit potential losses if the breakout fails. 3. Target Price: Measure the height of the triangle pattern and project it in the direction of the breakout to determine a potential target price. Horizontal triangle patterns offer traders valuable insights into potential market trends and price movements. By understanding the characteristics and formation of these patterns, traders can effectively identify entry and exit points, set appropriate stop-loss orders, and determine target prices. However, it is essential to combine triangle patterns with other technical analysis tools and indicators for a comprehensive trading strategy. With practice and experience, traders can harness the power of triangle patterns to enhance their trading decisions.
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by UnknownUnicorn15614419
4
EURGBP, Ascending-Wedge, Bearish Breakout Imminent!Hello, Welcome to this analysis about EURGBP and the 4-hour timeframe perspectives. EURGBP in recent times is forming some interesting developments especially with the main formation I discovered here this can lead to increased volatility in the upcoming times. Therefore, when looking at my chart we can watch there how EURGBP has formed this massive ascending-wedge-formation, such a formation is normally known to show up with a bearish reversal to the downside. Because EURGBP already completed the ABC-wave-count within the formation a completion of the whole formation bearishly to the downside gets more likely or also EURGBP will firstly continue in the ascending-wedge with the wave-count and the development of a wave D as well as a wave E in the structure which will not be bad because this will just increase the potential for an increased bearish breakout to the downside that accelerates further. In all these cases the crucial confirmation will happen when EURGBP finally breaks out below the lower boundary of this whole formation, this will complete the formation and will be the origin for the bearish continuations. In this case, EURGBP will also activate the target-zone marked in blue within the 0.8444 level, when this zone has been reached the situation needs to be elevated anew and EURGBP has to show how it continues there, if the bearishness is heavily increased this can also just lead to a bearish continuation-setup once the zone has been reached. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
1
EURUSD, H-S-Formation Completed, Increased Drop Incoming!Hello, Welcome to this analysis about EURUSD and the 2-day timeframe perspectives. EURUSD in recent times as I discovered has formed a massive formation that is indicating bearish dynamic volatility developments to emerge within the upcoming times. In this case, we should consider that the formation here is mainly completed and that a high possibility is given for the continuations to accelerate within the near future. Therefore, as when looking at my chart we can watch there how EURUSD has formed this massive paramount head-and-shoulder-formation with all the elements already completed reaching from the left shoulder to the head till the right shoulder. The fact that EURUSD now formed the pullback below the neckline was the first technical confirmation and now EURUSD has formed this major bear-flag-formation below the neckline which is marking the appropriate confirmation-formation of this whole pattern. Therefore as EURUSD now also already penetrates the lower boundary matching with the 200-EMA we should expect the bearish breakout to happen within the next times, when this happens and EURUSD marks below the lower boundary of the flag it will be the source of bearish pressure continuations and EURUSD will move on to the initial target-zone marked in my chart in blue at the 1.135 level, it has to be shown then how EURUSD reacts into this zone because when the bearish pressure increases exorbitantly this will be the origin for the further bearish continuations which will develop in the bearish-continuation-zone marked in red in my chart. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
8
GBPUSD, Completed Bear-Flag, Continuations!Hello, Welcome to this analysis about GBPUSD and the 4-hour timeframe perspective. GBPUSD in recent times has shown up with important determinations that defined the whole structure as I discovered here. Therefore, as when looking at my chart we can watch there how GBPUSD completed this main ascending-channel-formation as a bear-flag bearishly to the downside after completing the ABC-wave-count within the bear-flag. Now as GBPUSD is also below the 300-EMA marked in red here this is a sign of bearish continuation for GBPUSD and it is likely to continue bearishly as it is shown in my chart till the lower levels have been reached marked in my chart in the dynamic target-zone in blue from where GBPUSD needs to show how it continues from there on and if there comes a potential stabilization or the next bearish setup. There is good potential given that GBPUSD stabilizes in this zone as there are also some great supports within there, it will be an interesting development. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
8
CHFGBP, Developments In Ascending-Wedge, Bounce And Pullback!Hello, Welcome to this analysis about CHFGBP and its 12-hour timeframe perspectives. CHFGBP in the recent times established important structures and recently formed a interesting bounce in its structure, besides that I discovered further determinations that are worthwhile to look at. As when looking at my chart now we can watch there how CHFGBP emerged with this main ascending-wedge-formation marked with the boundaries in blue. Within this wedge-formation CHFGBP has the coherent wave-count and the waves A to C already completed, with the wave D now developing CHFGBP is approaching this dedicated support-base marked in orange in my chart, because of the several supports within this region also determined by the point-of-control of the volume-profile marked with the red line this is a zone where a bounce has a high possibility and should be expected. Once this bounce emerged CHFGBP will move on with the development of the wave E to approach the upper resistance level to finalize the whole wave-count and pullback from there, when this happen it can be the appropriate setup of the ascending-wedge-completion which will happen when CHFGBP finally bounces below the lower boundary. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
16
JPYCAD, Inverse Head-Shoulder, Targets Ahead!Hello, Welcome to this analysis about JPYCAD and the 4-hour timeframe perspectives. As I discovered in my analysis recently JPYCAD has formed an interesting dynamic and recently completed a pivotal formation with further volatilities to show up likely. Therefore, as when looking at my chart we can watch there how JPYCAD now recently completed this whole inverse head-and-shoulder-formation with the bounce above the neckline which is marked in blue. Above this neckline JPYCAD now forms something like a confirmational bull-flag which has a coherent wave-count within that will be completed when wave C is finalized. Once JPYCAD bounces above the upper boundary of this confirmation flag it will move on further to the upside and approach the main inverse head-and-shoulder-target-zone marked in my chart in blue. For now, this zone is likely to be reached as JPYCAD offers the appropriate structure for it as it is also staying above the 35-EMA in red as well as the 15-EMA in green. Once the upper target-zone has been reached JPYCAD needs to show if it manages to increase further bullishness above this level or firstly reverses which will not be unlikely, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
8
USDCAD, Bull-Flag-Breakout Likely To Establish!Hello, Welcome to this analysis about USDCAD and the 4-hour timeframe perspectives. USDCAD in recent times as I discovered is forming an interesting formation that can be the appropriate origin for upcoming volatilities to the upside. Therefore, as when looking at my chart now we can watch there how USDCAD has formed this main bull-flag-formation above the ascending-trend-line, within this formation USDCAD has the coherent wave-count with the waves A to C almost already completed and now with the breakout pending. When this breakout finally shows up above the upper-boundary of the bull-flag this will be the right setup to complete this whole bull-flag and to setup bullish continuations which will point to the 1.285 target zone, currently, this is likely to happen and should be expected. It will be important how USDCAD develops further after the targets have been reached if there develops a continuation or USDCAD firstly pulls back to retest lower levels, in any case, this needs to be shown. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
32
USDCHF, Ascending-Channel-Development, Local-Triangle-Breakout!Hello, Welcome to this analysis about USDCHF and the 4-hour timeframe perspectives. As I discovered USDCHF in recent times is forming some interesting developments that can be the origin of upcoming volatilities to consider. As when looking at my chart now we can watch there how USDCHF has developed this major ascending-channel-formation marked with the boundaries in black, within this channel-formation USDCHF has the coherent wave-count with the waves A and B almost already completed, with the emerging of wave C USDCHF has built this local triangle-formation marked in orange. As USDCHF recently formed the breakout above the upper-boundary of this formation this gave the incentive for further continuations to the upside and the main wave-C-development to approach the upper dynamic target-zone marked in blue in my chart, once this zone has been reached the situation needs to be elevated anew and USDCHF needs to show if it manages to continue bullishly in these areas or firstly forms a reversal which will not be unlikely, it will be an interesting development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
14
GBPUSD, Bearish Impulse-Wave As Resistance Approached!Hello, Welcome to this analysis about GBPUSD, we are looking at the 12-hour timeframe perspectives, the recent events, the established formational structure, and what we should expect in the upcoming times. As when looking at my chart now we can watch there how GBPUSD has established this bearish wave-count to the downside within which it already completed wave A completely and is now about to form the wave B in the structure that is directly moving into the main resistance-cluster marked in red in my chart where several resistances coming together with such as the descending-resistance-line marked in red, the 200-EMA in red, the 100-EMA in green and also the 38.2% Fibonacci-resistance from where a pullback to the downside is highly likely, this pullback will be the origin of the main wave-C and GBPUSD will move on to the downside within its wave-count. Besides, that GBPUSD formed this bearish EMA-death-crossover here already which is giving further increased indication for the bearish impulse to the downside scenario. Once this has been completed and GBPUSD reached the dynamic target- and recovery-zone there will be the possibility given for a substantial reversal once this is done GBPUSD will even have the ability to set up an upside-breakout above the descending-trend-line. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
15
EURCAD, Bear-Flag-Formation, Likely Completion Incoming!Hello, Welcome to this analysis about EURCAD, we are looking at the 2-hour timeframe perspectives. EURCAD in the recent times has shown up with important developments in the structure that indicate potential bearish continuations as I discovered. Therefore, as when looking at my chart now we can watch there how EURCAD emerged with this main wave-count to the downside and within this wave-count is now about to form the wave B in the structure with the bear-flag-formation developing, in this bear-flag-formation EURCAD has also the coherent wave-count from A to C with the waves A and B completed and as EURCAD now approached the resistance-cluster marked in red in my chart this will be a level where the wave-C is likely to finalize and therefore also the whole wave-count, when this happens and EURCAD pulls back in this region a continuation to the downside will follow up till the whole bear-flag has been completed which will happen with EURCAD closing below the lower-boundary of the bear-flag and continuing bearishly. Such a price-action will activate the bear-flag-target-zone marked in blue in my chart and when this zone has been reached it has to be elevated anew if EURCAD can hold this zone or just sets up for further bearish continuations to the downside, it will be an interesting development ahead. In this manner, thank you for watching my analysis about EURCAD and its main bear-flag-formation structure to consider with the upcoming completions and continuations ahead of the next times, support the analysis with a like and follow or comment for more market insight! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
by VincePrince
6
CHFGBP, Completes Head-Shoulder-Formation, Targets Activated!Hello, Welcome to this analysis about CHFGBP, we are looking at the 4-hour timeframe perspectives. As I discovered recently CHFGBP has completed an important formation that is now building the origin for further volatilities to consider in the upcoming times. Therefore, as when looking at my chart we can watch there how CHFGBP completed this main head-and-shoulder-formation in orange with the bearish breakout below the neckline and moved on to test the 200-EMA in red together with the 100-EMA in grey which are close to a bearish crossover. Now within this structure below the neckline CHFGBP is forming this confirmational bear-flag-formation that can take the shape of a protracted bear-flag or also can form the direct breakout to the downside in either case it is building the high possibility setup for further continuations. Mainly the head-and-shoulder completion has activated the bearish target-zone within the 0.785 level marked in blue in my chart, once this zone has been reached the situation needs to be elevated anew and CHFGBP needs to show if it manages to reverse in this level or builds up a setup for further continuations to the downside. In this manner, thank you for watching my analysis about CHFGBP and the main head-shoulder-formation with the upcoming determinations, support the analysis with a like and follow or comment for more market insight! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the market.
by VincePrince
10
GBPCAD, Short-Term Bullish, Long-Term Bear-Flag!Hello, Welcome to this analysis about GBPCAD, we are looking at the 2-hour timeframe perspectives. GBPCAD is in a condition where it is showing different signs of developments and therefore has diverging perspectives in expectation. In this case, as when looking at my chart we can watch there how GBPCAD is within this main channel-formation with the coherent wave-count within this channel and the waves A and B already completed, now in the next times the wave C will emerge from here which will run directly into this main resistance-cluster where several resistances coming together and therefore has a high likelihood given to emerge with a bearish pullback to the downside which should be expected. Once this pullback has emerged GBPCAD when moving further with the bearish pressure will complete the whole formation as a bear-flag once a breakout to the downside has happened as it is shown in my chart, such a bearish breakout will activate further continuations to the downside and the two targets seen in my chart, when GBPCAD has reached these zones a reversal can be possible however mainly the bearish perspectives are pivotal and should be expected, it will be an important development ahead. In this manner, thank you for watching my analysis about POLKADOT and the major ascending-channel-formation, support the analysis with a like and follow or comment for more market insight! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the market.
by VincePrince
9