


On this 1H chart for CHFJPY we can notice that the price has been moving in an up trend channel for a while now. Recently it dropped to test the up trend support. At this stage the price is forming a potential double bottom. Monitor it for a potential breakout. Additional confluences: - MACD can produce a bullish cross if the price starts going up to complete...
On this 4H chart for GBPAUD we can notice a strong resistance range. Recently the price broke temporary above it but now it dropped to retest it. In the proces of retesting it, the price started forming a potential Bull flag. Am effective breakout from the pattern can align with a re-bounce from the support range and lead to a strong increase in the...
The EURUSD on a 4H chart shows a drop down to a strong support range (Orange range) which aligns with the 0.618 Fib. Around those levels, the price started forming a potential double bottom. For the pattern to be valid, the price needs to go up without dropping below the low points and produce an effective breakout above the neckline range ( Blue range...
On this 4H chart for GBPAUD, you can notice that the price is forming a potential Rising wedge. The price is currently hitting a strong Resistance range. The wedge can provide a breakout here or go to a higher level and still provide a valid breakout. Monitor for development around those levels Additional confluence: Strong RSI Divergence
On the 1H chart the Crude oil is forming a potential Inverse Head and Shoulders. What is more important about it is that it's happening after a retest of a bigger symmetrical triangle. I am leaving the link toward the 4H oil analysis so that you can see the bigger picture:
The the 30m chart the EURJPY is forming a potential falling wedge. On the chart infront, you can discover a bullish market structure Additional confluences: - Price has dropped to the support range created from the previous major high - The price is testing the 0.382 Fib. Have in mind that the 0.5 and the 0.618 levels are also in the support range so it is...
On this chart for NZDUSD 30m you can notice that the price is forming a Double bottom. The bottoms are bouncing from a strong resistance range that has been created from multiple low points starting from the 14th/15th of December 2023 ( Zoom out the chart so that you can see them ). Additional confluences: - MACD Bull cross - RSI was oversold at the time of the...
This is a Daily chart for Gold. On it we can notice that the price has formed a massive symmetrical triangle. As per the deffinition of the pattern, after the price produces a breakout up or down, the potential movement can be equivalent to the distance between the highest and the lowest points in the pattern. This is about 215 USD movement If the price breaks to...
The Crude oil is forming a potential double bottom on a 1H chart Zoom out the chart to see the Bigger picture. The price has been moving in a general down trend channel. Recently the price broke out of it to the up side and now it's retesting the former down trend resistance. On it, it's forming a potential double bottom. Additional confluences: - Oversold RSI...
EURUSD 4H chart Inverse H&S producing a breakout Additional confluences: - Bullish market structure, the price is forming the pattern around the support range fro m the previous major high points - Head of the inverse H&S pouncing from the 0.618 Fib - MACD produced a Bullish cross a while back and now it's providing bullish continuation - Price bounced from...
On the Daily chart for FTSE 100, we can observe a massive triangle that was forming in 2023. It started in Februaty and produced a breakout in December. For the past few days the price has been correctign and now it's retesting the resistance of the triangle, now acting as a support. This support is aligning with the 0.382 Fib and the 200 SMA The development on...
The price of GBPAUD has formed a potential double top on the 4H Chart Additional confluences: - The pattern is happening at a strong reisstance range created from multiple previous low points in the price - The 2 tops are showing rejection from the 0.618 Fib level - The MACD has formed a bearish cross around the middle of the formation of the double top chart pattern
On the 4H chart for the AUDUSD we are getting a symetrical triangle Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend. After the price created the last major high point, now it corrected down to the previous major high where it's hitting the support range created from it. For higher success...
On the 4H chart for the GBPUSD we are getting a symetrical triangle Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend Additional factors to take in...
Gold is forming an Ascending triangle on a 1H chart. The resistance of the pattern is aligning with the recent low points in the price creating a strong resistance range. The development here is important. If the price breaks the resistance, this can fulful the chart pattern and also break above the resistance range, which can push the price up. If the price...
BTCUSD Weekly chart - the price has reached a very important resistance range that has been formed from past low points and consolidation areas ( you can observe them better on a Daily chart ). This current resistance range stratches from around 46000 to about 53000. The development in this region is very important as it is the last major resistance before the...
The EURJPY 1H price formed a megaphone pattern. The price already broke to the downside and retested the support Additional confluences: - The megaphone pattern happened on a strong resistance range - The 20 and 50 EMAs can