I expect EUR to power over USD in the next couple of days because of the most recent and previous data. I marked two channel patterns, market likes and tends to try and replicate previous movements and I see them to be significant in terms of structure and momentum. For the whole September month, the price has been in a downtrend, as the October month started,...
This is first and foremost a pretty clean symmetrical triangle. It looks like a valid break up with a retest as well.
I think it's safe to assume that this looks like a reversal. The pattern is called symmetrical triangle and price broke above which indicates that more buyers are in the game. Gg and good luck.
Now the price looks to be in a pullback phase because it is showing momentum down in this major uptrend. Price might be attracted to support level, and it will have a good chance of continuing up in that zone. That's what the rules of trading are anyway — trade with the trend. If price goes past support level, it then becomes resistance and will have a higher...
This can be a potential triangle pattern. It is drawn two lines between the strongest and most recent reaction zones. I think the price will bounce back up to create a third touch in center where the two lines crosses before making its way down in the major trend.
It looks like the trend way goes down, and currently it shows signs of forming a pullback, I'll look for a short position once the pullback is over.
EUR are seemingly gaining control over USD. I suggest looking for buying opportunities as long as the trend is up.
This is a simple descending triangle pattern. Major trend is down. Simple market structure + major trend = increased win rate.
If we look on the bigger picture, then we can see that all the way to the left, there is a ray-line pointing from a major high, and down to a lower high. When price came back at the ray-line for the third time, it then broke through. Around one month passed before it came back for a retest, with a double bottom. It had a nice retest with good reaction so far. It...
For the past four days, it's clear that it's been going up. I also see this as a good buying opportunity because of the markets' attraction to the previous major pullback all the way to the left.
This looks like a bearish expanding triangle pattern. The bottom part has shown a strong validation with three touches with strong reactions, next up is to see if it does the same on the upside to make it complete.
Might be a good buy opportunity here on AUDUSD. As you can see, price have been bouncing back and forth for some time. I'm looking to buy once again in this upward channel for I shall hope for it to do it once again. I should also mention that it is forming the three white soldiers candlestick pattern.
UJ seem to make a pretty smooth fib reaction on one-hour timeframe which is the most popular time frame. I see this as a buying opportunity because the major momentum is up. You can see trend going from bottom left and up. If this Fibonacci is placed right, then we do have 105 to 155 pips on our hands.
UDSJPY buy idea: My idea for USDJPY is that it'll go up, that is because there more sell positions on the left side, price is now currently showing bullish build up momentum which is a sign that price are getting attracted the stop-loss of recent sellers.
EURCAD broke above a significant higher high zone. There is a slimmer chance that it will go down at resistance now since price already broke above resistance level. Just look for a nice break above with a nice pullback and the chances are higher for trend continuation up.
GBPCHF broke above a falling wedge pattern which indicates that this market will continue up for some extra pips.
AUDJPY is now in a major uptrend. It has shown to go up for a while, and it just recently broke above a major high with a push from something that looks like an ascending channel. With that being said, the best bets are to buy as long as the market keeps showing bullish power.
EURUSD seems to form a triangle pattern and the likelihood is that the price will begin to squeeze through the upside because it's in an uptrend.