At the third resistance trendline touch of the channel, the price created a double top pattern, with the second leg also acting as the Head in the Head and Shoulders pattern. A break and retest of the H&S neckline will confirm the 1st entry. Another entry can be made upon the break of the double top neckline.
Falling wedge at third trendline touch. A cross of its resistance trendline (turning it into support) confirms the buy entry.
The price has been ranging for a while, forming a rising wedge (support trendline recently broken). A retest of this trendline (to turn into resistance) and resistance zone will complete the Head & Shoulders which will confirm the sell bias and trigger an entry. A violation of the resistance zone will invalidate this entry and a violation of the zone resisting the...
The market has been in an uptrend for quite a while now (Higher highs + lows). It is also noticeable that patterns inside patterns as well as trends inside trends formed. Recently the price was squeezed in a steep uptrend, which from previous data, we know these usually don't last, and a selling opportunity would be imminent. A confluence then occured: The price...
A rising flag has formed preceded by an impulse. At the third touch of this flag's resistance trendline, a rising wedge formed (signalling price may be ready to drop). The sell notion was further confirmed by a break of this wedge's support trendline. An entry can be made on the pullback towards this broken trendline, held as shown on the chart (until longterm...
Following a longterm the price created a falling flag (reversal signal). Inside the flag, notice a faling wedge at the touch of the support trendline (indicating price's readiness to break the resistance trendline). Following a cross of the resistance trendline, a retest occured with a "W" formation, which its neckne was violated and retested for the second time...
The market has been consolidating for a while since crossing the longterm resistance trendline, forming a bullish flag. The first signal for the price's readiness to cross the flag's resistance trendline is a cross and retest of the smaller bullish flag. I'm looking to buy the pullback following the cross of the flag's resistance trendline and hold as illustrated....
The resistance trendline + zone has now turned into a support trendline and zone respectively, which also happened to be at a retest of the double bottom neckline. The close of this recent 4-hour candlestick will complete the morning star reversal pattern. All these confirmations have driven my bias into buys, which I will be holding as illustrated on the chart,...
A double top has formed at a strong resistance area + trendline, with its second leg formed by a bearish flag. A cross of this flag's support trendline confirms the sell entry. The trade will be invalidated should the double top pattern be violated on the upside.
A bullish flag has formed. Looking to buy the pullback after a cross of its resistance trendline (as illustrated).
Following a push to the upside (creating a pole), a flag is currently forming. Looking to catch the buy on the touch of the support trendline and hold as per the measured move. Let's only take what is offered (i.e. follow the market), never enforcing ideas on it.
A Double Top reversal pattern has been created by the price. A break and retest of its neckline will validate it and confirm the sell entry.
The price has created a possible Head and Shoulders pattern. What will validate it is the cross and retest of its neckline to which it will be most likely to drop towards the downside as illustrated. For an earlier entry, the right shoulder has created a flag, an entry can be made upon a break of its support trendline. NB: Always take what the market offers, do...
The Head and Shoulders pattern will be confirmed if its neckline is crossed then retested, which I will go long until the support turned resistance area (refer to previous forecast for a detailed analysis). Should a confirmation present itself at this area, I will then continue with sells until the support trendline.
Price is currently consolidating in preparation for short continuation. A confirmation at the resistance area provides a sell signal, holding according to the measured move.
A double bottom (or any other reversal pattern) at our fourth trendline touch will confirm the buy entry, which I will hold until the resistance area as illustrated.
Resistance (double bottom neckline) has turned into support inside a bullish flag and is being retested for the second time now, I will be holding this trade until the measured move.
GBPJPY looks like it's on its way of creating a Cup and Handle pattern (the handle which will come off a third resistance trendline touch). We will be expecting a reversal pattern to go short once price reaches that touch (therefore validating it) until the support zone then go for swing buy (as illustrated). For now, patience is key. We will observe what the...