fahadfarooq54

fahadfarooq54

AUD/JPY is developing a Bullish Bat harmonic pattern on the 4-hour chart . While the full pattern has not yet completed, a potential short-term bearish opportunity is emerging as the pair begins forming the CD leg. A clear b earish divergence on the RSI at Point A suggests waning bullish momentum, and a break below Point B may confirm the start of the final...

fahadfarooq54

AUD/NZD is currently forming a falling wedge pattern on the 1-hour timeframe, a structure typically associated with bullish reversals. Notably, bullish divergence on the RSI is developing while price continues to print lower lows, RSI is making higher lows, indicating weakening selling momentum. Trade Setup: Buy Stop Entry: 1.09309 (above recent Lower...

fahadfarooq54

Technical Analysis (Short Trade Idea) EUR/JPY is forming a textbook double top pattern with notable bearish signals: First top: 173.242 S econd top: 173.111 (lower high, indicating weakening bullish pressure) Neckline: 171.650 – key support level, potential breakdown trigger RSI divergence: Bearish divergence observed as RSI prints lower highs while...