John_Mwaniki

John_Mwaniki

Hi traders, Of late GBPUSD had formed a triangle pattern. It has finally broken it from the lower side. Price is more likely to move down towards the next support level.

John_Mwaniki

Hi traders, Price still in an uptrend and following a broadening wedge within the ascending channel. Currently the price has hit the resistance line of the wedge and is likely to bounce off towards the wedge support level. Breaking of the wedge resistance line will invalidate this short/sell signal. Share your opinions in the comment section. If you agree with the...

John_Mwaniki

Hi traders, The main trend for this pair is uptrend. Rising trendline is very evident. Price just broke a triangle pattern from the lower side. There are high chances that due to the breakout, price may continue further downwards towards the trendline. What are your views? Hit the like if you agree to show support.

John_Mwaniki

Price at a critical decision point. Wait to for the price to bounce off from trendline and go long. If it it manages to break the trendline, wait for the retest and go short.

John_Mwaniki

GBPJPY is following a triangle pattern which is narrowing down and coming to an end. There are high chances of the triangle breaking from the lower side. I suggest you wait for breakout confirmation and go short for the pair.

John_Mwaniki

The symmetrical triangle pattern has narrowed down and is coming to end. I personally feel that it is going to break from the bottom side. You way wait the breakout to happen to take the right side of the trade.

John_Mwaniki

AUDCHF is generally in an uptrend and following an ascending channel. However, currently it has formed a triangle pattern within the structure which may present a short term trade opportunity. I have marked it a short because personally I feel the triangle may break from the bottom side. You may wait for the breakout to confirm your side of the trade.

John_Mwaniki

Hi traders, This pair looks interesting and very trendy! It seems to have formed a new structure(symmetrical triangle) long before the breakout of the rising channel. The price bounced for the fourth time from the support line of the triangle and there is a high chance of it proceeding upwards towards the resistance line. Let me know your views on the pair in...

John_Mwaniki

Price has already broken the structure from the lower side on hourly time frame and is retesting the breakout. Price has previously respected a trendline a number of times. It may fall as a result of the breakout as well as it to test the trendline for another time. This setup will only be valid if the price does not manage to break back into the structure and...

John_Mwaniki

Price is generally in an uptrend and following a clear rising wedge. At the moment it has come to the support line of the wedge as well a support level. Price may breakout the structure to start a downtrend or may bounce and continue with the trend. I would suggest to stay out of the trades for the pair for a moment and wait for a clear breakout or reversal to go...

John_Mwaniki

Hi traders, The price broke from the rising channel and is now completing the retest. I see a high likelihood of the price going downwards if the retest will be successful. Breaking of the price back into the channel will invalidate this analysis.

John_Mwaniki

Hi traders, I have spotted two rising trendlines in which this pair has been following and has bounced once again respecting each. As a result, I see a high likelihood of the price rising further towards the next resistance. Share your views on this pair in the comment section. If you agree with this analysis kindly hit the like button to show your support.

John_Mwaniki

Price has been on the rise and following an ascending channel. It just reversed from a strong resistance level and currently at the support line of the channel. It is also currently at a horizontal support level. I am not sure of the next move but I see two possibilities: Scenario 1: Price may continue to follow the channel and bounce off upwards to test the...

John_Mwaniki

Price may fall down towards the support line of the channel as a result of reversal from resistance. Breaking of resistance will invalidate the analysis.

John_Mwaniki

AUDCHF is following an ascending channel. I has currently reached a strong resistance level and has shown signs of reversal in smaller timeframes. There is a likelihood that the price may fall down towards the support line of the channel. Breaking of the resistance level with invalidate this analysis. If you agree with this analysis hit the like button to show...

John_Mwaniki

The price bounced off from a strong resistance level at around 108.949. Price is also following a clear ascending channel. It may proceed downwards to the support line of the channel. Kindly take note of the dotted line 1 as it is a strong one too.

John_Mwaniki

Hi traders... I see a good uptrend here that has been respected very well severally. There is a very high likelihood for the trendline continuation and for the price to bounce off. Lets wait and only buy if price bounces. Breaking of the trendline will invalidate the setup. If you like the analysis hit the like to show support.

John_Mwaniki

The price has respected a downtrend trendline four times and for the fifth time it looks like it may bounce off too as it has started forming bearish candles. Lets follow it closely and if we confirm a reversal we can go short. Breaking of the trendline will invalidate the setup. What are your views guys on this? I would like to hear your opinion.