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Forextrend

EURCHF Inverted Head & Shoulder For long TradeEURCHF has formed an Inverted Head & shoulder Pattern , as shown in chart. The pattern Indicate the possible of upside move in EURCHF. According to chart pattern analysis, we might see upside move in EURCHF towards the resistance 2 . it has already test the support level consider it as strong support, there is higher change of price move for resistance 2 . One can initiate the long side trade with risk management system and stop loss Thank You
Long
by Fx_Trader_ViSa
9
GBPJPY Short Side Trade .GBPJPY is trading in ascending channel pattern .After reaching at resistance level ,it has higher chance of retracement on down side . According to chart pattern analysis , we might see down side in GBPJPY towards support level of channel pattern then if it break channel pattern on downside we might see next down side target for GBPJPY is support zone as shown in chart. one can initiate a short side trade on GBPJPY with proper risk management and stop loss Thank You
Short
by Fx_Trader_ViSa
8
EURJPY At Breakout Point Of Pattern.EURJPY is trading in channel pattern for a long time, shown in the chart. Within the Channel pattern, it has formed the symmetrical pattern at the resistance line of the channel pattern. The symmetrical pattern is considered for indecisiveness in price movement. According to the chart pattern analysis, we might see the downside. Trade can be initiated only after the breakout from the symmetrical triangle pattern on either direction with proper risk management and stop loss. Thank You.
by Fx_Trader_ViSa
2