There is beautiful wedge pattern forming on GBPCHF i hour chart .It is also on the daily support structure area,just waiting to break and take off.
My bias is bullish for gold as it is now moving in a descending channel ,once broken the next level to consider is 1234$.let,s see where it goes
travelling in bullish flag pattern ,from here if plan goes in favour then there is 1400 pips to grab.
there is perfect rising wedge on 4 hours chart which is broken and retested as well.Now potential target is the bottom of the wedge which is 105.
As indicated EURNZD moving in flag pattern range and heading down now to 1.53000 target zone
As USDJPY holds the wekly trend line so i am looking to go with the head and shoulder trading plan
There are three reasons that i am short on USDJPY 1) Daily resistance zone 2) Triple top in 4 hours chart 3)Bearish divergence on 4 hours chart
As mentioned that flag pattern is in progress and put a trade for long,
Looking for break out to upside as its making falling wedge .
As mentioned it is swing trade and looking for two target ,because at the moment momentum is with GBP .
There is breakout expected on this pair as its about to break falling wedge to upside targeting 82.000 area