AndriyMoraru

AndriyMoraru Updated 

This chart shows an ascending channel pattern that has formed on the daily timeframe of EUR/USD following a long-term downtrend that had been active since July. It can now be used for a bearish breakout trade setup. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green...

AndriyMoraru Updated 

EUR/GBP has entered a symmetrical triangle pattern on its daily chart. It can be used for a trend continuation breakout setup. My potential entry is marked by the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper...

AndriyMoraru Updated 

This rectangle pattern (horizontal channel) on the daily chart of AUD/USD offers a potential bearish breakout opportunity following the general downtrend. The borders of the rectangle are marked with the yellow lines. My potential entry level is where the cyan line is. My potential take-profit level is at the green line. They are based on the rectangle width - 10%...

AndriyMoraru Updated 

A descending channel pattern has formed on the daily chart of the EUR/NZD FX pair and offers a bullish breakout opportunity. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss is to be set to the low of the breakout candle (or to the low of the...

AndriyMoraru Updated 

A descending triangle pattern has formed on the daily chart of the EUR/CHF pair. It can be used for a bearish breakout setup. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The green line denotes my take-profit level. It is set to...

AndriyMoraru Updated 

An ascending channel pattern formed on the daily chart of the XPT/USD pair (Platinum CFD) after a downtrend that lasted for about one month. It can now be used for a bearish breakout trade setup. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The position...

AndriyMoraru Updated 

An ascending triangle pattern appeared on the daily chart of the GBP/NZD currency pair. I am going to use this continuation chart pattern for a bullish breakout opportunity. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. The stop-loss is to be...

AndriyMoraru Updated 

This ascending channel has formed on the daily chart of the XAU/USD pair (Gold CFD) following a multi-month downtrend and now offers a bearish breakout opportunity. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The position of both lines is calculated...

AndriyMoraru Updated 

This chart shows a bullish pennant on the daily chart of the USD/JPY currency pair. It can be used as a trend continuation pattern in case of the price closing above the upper border of the pennant part. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (141.208), it is placed at the low of the...

AndriyMoraru Updated 

This rectangle pattern on the daily chart of AUD/CAD offers two potential breakout trading opportunities (bullish and bearish). The borders of the rectangle are marked with the yellow lines. My potential entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. They are based on the rectangle width - 10% for the Entry lines...

AndriyMoraru

A descending channel has formed on the weekly chart of the NZD/CAD FX pair and offers a bullish breakout opportunity. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss is to be set to the low of the breakout candle (or to the low of the...

AndriyMoraru Updated 

A bearish flag pattern has formed on the daily USD/CAD chart following a peak and reversal in its previous uptrend. The pole and the flag borders are shown with the yellow lines. The stop-loss level (the red line at 1.35296) is set to the highest point of the flag area. The take-profit level (the green line at 1.31309) is set to the pole's length subtracted from...

AndriyMoraru Updated 

Gold (XAU/USD) is currently consolidating inside a symmetrical triangle pattern on its daily chart. I will try to use it as a trend continuation breakout setup. My potential entry is marked by the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the...

AndriyMoraru Updated 

Following a long-term uptrend wave, the USD/CAD currency pair consolidated into a symmetrical triangle pattern on the D1 timeframe. It can now be used as a continuation breakout setup. My potential entry will be placed at the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is...

AndriyMoraru Updated 

This pattern on the weekly chart of NZD/JPY resembles a mix of ascending and symmetrical triangles and provides a bullish breakout trading opportunity. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. The stop-loss is to be set to the triangle's...

AndriyMoraru

A double top pattern has formed on the daily chart of the GBP/USD currency pair. You can use it as a short trade setup on a bearish breakout. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline). My potential take-profit...

AndriyMoraru Updated 

EUR/CHF is currently showing a symmetrical triangle pattern following a long-term uptrend on the daily chart. It can now be used as a continuation trigger for a bullish breakout trading opportunity. My potential entry will be placed at the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green...

AndriyMoraru Updated 

The double bottom chart pattern has formed on the daily timeframe chart of GBP/JPY following a downtrend. I will use this formation as a potential bullish entry. The two bottoms are marked on the chart. The neckline is marked with the upper yellow line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A stop-loss...