AnthonyAbiSaab

AnthonyAbiSaab

The EURJPY chart created a bullish flag pattern with an upward potential. Additionally, we see the that the recent price movement has rejected the new trend line and bounced off. We could see a break form this channel in the short term, in which case the price should head to the first profit area (TP1). Potentially, the upward trend could continue to reach the...

AnthonyAbiSaab Updated 

The GBPUSD chart has created a BUTTERFLY PATTERN which indicates a bearish trend. This analysis is also confirmed with the price moving inside a bearish channel. In fact, the price bounced off the resistance line; hence indicating a downtrend as well. A conservative approach (TP1) would be about half the size of the channel, which is approximately 70 pips. An...

AnthonyAbiSaab Updated 

The GBPUSD chart is creating a DOUBLE BOTTOM PATTERN pattern which indicates a bullish trend. This will be confirmed once the 1.23200 level has been broken. A conservative approach (TP1) would be about half the size of the pattern, which is approximately 30 pips. An aggressive approach (TP2) would have us looking at the full size of the pattern, which is...