Breach of the lower boundary of the pattern will send price to the begining of the pattern
USDCHF head and shoulder Emergence... A break of the neckline and confirmation of the pattern may target 0.9078
EURUSD is probably setting up for a move higher based on recent price action and patterns... we have a reverse triangle and an inside bar formed. Target will be set at new highs
EURUSD is probably ready to move higher to challenge new highs based on the price action and patterns that is forming.. We have a reverse triangle and an inside bar.... target will be new highs
AUDJPY — weekly AUDJPY has formed a long term inverted head and shoulder bull price pattern. This pair broke-out above a neckline, which, I believe, confirms a likely large move to the upside….over time. Patient traders should seek to accumulate long positions on pull-backs in my opinion.
GBPCAD approaching inflection point
Gold ascending broadening pattern and bullish flag fakeout... Following last week bullish flag fakeout and key reversal for gold, i have reason to believe that gold would retrace lower to the lower boundary of the ascending broadening triangle price pattern around 1700 or lower.. Would look for opportunity to short on any rally base on price action confirmation as...
Gold breakout of the flag pattern... waiting to see if 1900 will hold as support on daily and weekly basis
GBPCHF is showing us with interesting patterns that will provide a good risk to reward trade. first we have the Head and shoulder which dictated price downwards. now it seems we have a support base formed and an ascending triangle price pattern with double bottom and inside bar. We will sneak in a buy stop above the high of the inside bar with first target at the...
Dollar index approaching a potential support base 89/88
Gold is giving as a bullish flag continuation pattern. A break above the upper channel of the flag would open up higher prices for gold
AUDCHF witnessing huge reversal after prolong downtrend from 2017. A breach of the neckline would catapult the pair and open up higher prices.
EURAUD has broken out of consolidation after series of multiple double bottoms.. A successful retest could produce a 500 pip move.
USDCAD has been trading downwards after toping out in March with the descending triangle breakdown... Recent price action is showing weakness to the downside and there could be a shift to the upside due to the emerging double bottom formation in play with the neckline around 1.3431 area. Penetration above the high of the inside reversal bar could push price to the...
GBPJPY has been in a stealth move up showing uptrend on the daily chart. Inverted Head and Shoulder with an upward sloping neckline is an indication of a bull run. Yesterdays daily close gave us a doji and an inside bar. A break above the high of the inside bar should result in a momentum to the upside. First objective will be 139.700 second objective will be...