Trade_Point

Trade_Point Sep 21, 2020

Here on the 8-hour time frame, we can see that after an impulsive bullish move price made a head and shoulders pattern which signaled a bearish price reversal. After price made a break out from the neckline, it formed a bullish corrective pattern in the form of a rising wedge. Now, the price is looking to retest the 61.80% Fibonacci retracement level before...

Trade_Point Sep 21, 2020

As the US Dollar is looking to have a bullish run we may see this pair show a gain in strength as well. More bullish confirmation is given by the inverse head and shoulders pattern here on the 8-hour time frame. Also, price is rejecting the 61.80% Fibonacci retracement level repeatedly.

Trade_Point Sep 21, 2020

This pair is currently within a bear flag pattern. After completing wave E, we may now see price is forming a smaller inner bear flag pattern which is also looking to retest the 61.80% Fibonacci retracement level. Expecting price shows bearish momentum after a breakout from the smaller bear flag continuation pattern.

Trade_Point Sep 21, 2020

As the US Dollar is showing a possible gain in strength, we may see XXXUSD pairs to show bearish price action as a response. Here on this pair, price is within an ascending channel pattern and is looking to form a double top pattern before moving to the downside.

Trade_Point Sep 21, 2020

After price made an impulsive bearish run, it is now looking to enter a bullish correction. The descending channel which formed at the support level signals a possible bullish move.

Trade_Point Sep 21, 2020

After price made an impulsive bearish run, it is now looking to enter a bullish correction. The descending channel which formed at the support level signals a possible bullish move.

Trade_Point Sep 21, 2020

As the Japanese Yen continues to show gain in strength, we are expecting XXXJPY pairs to show bearish momentum as a reaction. Here on this pair. we can see a completed head and shoulders pattern. We may see a retest of the neckline and a possible completion of wave C before continuing to the downside.

Trade_Point Sep 21, 2020

On this pair, the price has broken out of the ascending channel pattern. Now, expecting it to have a second retest on the new resistance level before completely showing bearish momentum.

Trade_Point Sep 20, 2020

Price reached the support level with a falling wedge pattern. After completing wave E, the price broke out impulsively. Expecting a retest on the 1.08400 resistance level.

Trade_Point Sep 17, 2020

Price has currently broken out of the ascending channel after completing the five-wave pattern. We are expecting the price to continue its bearish price action to the next key support at the 75.00 level.

Trade_Point Sep 15, 2020

This pair has broken out of its descending channel pattern. Currently, the price has made a bull flag continuation pattern and is looking to break out, after completing the ABC corrective pattern.

Trade_Point Sep 15, 2020

Price is currently within an ascending channel and has made an inner bull flag pattern. Expecting a retest on the 0.67100 resistance level after price confirmed a breakout from the bull flag pattern.

Trade_Point Sep 13, 2020

After price broke out impulsively at the ascending channel pattern, it formed a bear flag pattern which is looking to test the 61.8% Fibonacci Level. Expecting a completion of the wave E before completely reversing to the downside.

Trade_Point Sep 10, 2020

Price has broken out of the ascending channel and is looking to 0.68500 support level. Short entry could be made at the current breakout bearish candle.

Trade_Point Sep 9, 2020

Price has formed a double top pattern on the weekly resistance level and has already broken out of its neckline. A retest or pullback at the neckline would be a good entry for shorting this pair.

Trade_Point Sep 9, 2020

This pair is currently within a correction phase in the form of a triangle pattern. We are expecting completion of the wave E, before a complete breakout from the corrective pattern.

Trade_Point Sep 9, 2020

This pair is currently within a correction phase in the form of a triangle pattern. We are expecting completion of the wave E, before a complete breakout from the corrective pattern.

Trade_Point Aug 30, 2020

Price is looking to test the resistance level for the third time. Currently, it is within an ascending channel and is looking to complete the wave E. Expecting a bullish continuation targeting the resistance level.