ellienes

ellienes

Description: A bullish reversal setup is emerging on AUDUSD, with the formation of a Triple Bottom pattern. This classic reversal pattern indicates strong support at a key level, signalling a potential shift from bearish to bullish momentum. Pattern Details: Price has tested the same support level three times, creating a clear triple bottom, while failing to...

ellienes

A bearish setup is developing on GBPCAD, supported by the formation of a Rising Wedge pattern. This technical pattern suggests that bullish momentum is weakening, increasing the likelihood of a downside breakout. Pattern Overview: Price action has been forming higher highs and higher lows within a narrowing range, indicating a loss of bullish strength. Breakout...

ellienes

A bullish opportunity is unfolding on XAGUSD (Silver), supported by a Falling Wedge pattern. This technical formation suggests a weakening bearish momentum, creating the potential for a breakout to the upside. Pattern Highlights: Price action has been forming lower highs and lower lows, but the range is contracting, indicating possible accumulation before a...

ellienes

A potential bullish setup is emerging on USDCHF, driven by a Falling Wedge pattern. This pattern suggests that bearish momentum is weakening, paving the way for a bullish breakout. Pattern Overview: The pair has been consolidating within a falling wedge, with price action forming lower highs and lower lows in a contracting range. Breakout Signal: A breakout above...

ellienes

A potential bullish reversal is forming on GBPNZD, driven by the emergence of an Inverted Head and Shoulders pattern on the chart. Left Shoulder: A decline followed by a rally to form a local high. Head: A deeper dip forming the pattern’s lowest point, followed by a stronger recovery. Right Shoulder: A higher low, signalling weakening bearish momentum and...

ellienes

Breakout of Rectangle Once we have the price action contained within the newly formed sideways parallel channel, we will want to wait for a breakout and close above the resistance line in the case of an upside breakout, and below the support line in case of a downside breakout.

ellienes

Short gbpchf