My guess on this pair: Technical: - USDTRY has reached its previous all time high against USD, tested that top again. - You can see the ABCDE pattern formed beautifully. - Huge shooting star candle which suggests reversal - Right now USDTRY is highly overbought in H4, D1, W1! - downside is necessary shortly I guess there will be some positive news soon about...
simple turn down from upper resistance, expecting further drop tp: 1.50-1.51 range
So the previous uptrend have broken down, currently we are in the correction. 3 corrective wave have been completed. I'm assuming a direction down. As it is the end of the week, many things won't happen. Next week, GBP and AUD news too! They will show the way.
My opinion about GBPCAD H4. All GBP pairs are facing a huge fall soon, all pairs are correcting, but eventually they will fall. Pros: - Ascending trendline broken - Currently retesting, than hopefully falls. - R/R ratio is very good! TP1: 1.67 Good trading!
In 1H chart you can see clearly a falling wegde pattern. Price broke out upwards, made the retest, so more up move possible. Great place to open long positions with tight SL. TP1: 1282 TP2: 1290 Good trading fellas!
The price hit the top of the channel, likely it will go down to support area, after that there is a chance for further upward move.
Finally EURJPY is heading south, price has broken from the ascending channel. First stop is the trendline in H4 - Daily chart, which is still upside, but after if it is broken, downside trend follows. Same principle in EURUSD and EURAUD
Gold has reached resistance at 1260. Bat pattern X-A-B-C completed, if it's really harmonic than now D is coming. Target is 1150 at 1.618 fibo level (if B=1.0 C=0.0) Happy trading!
You can see we are currently at the B wave, hopefully C wave is coming shortly.
Beautiful Head & Shoulders pattern on the daily chart. Then why is it still not falling??? I think it's gonna touch the resistance somewhere between 0.86-0.87, before it's going to fall. In a long run, few months tops, nice profit can be achieved. Happy trading!
Price broke from the main ascending wedge channel and started to fall eventually. Formed a new channel down, right now it's in the upper resistance of the channel. High short possibility in Daily and H4 timeframe as well. Currently waiting for short continuation. If fall, then TP: 0.762
Broke out from triangle, downside movement predicted after retest. TP1: 138.9 TP2: 136.6
USDCAD just broke out from descending wegde, retest have been made, further movement upward predicted. Price target: 1.320
Chart has completed the Bullish Gartley pattern. Way to go UP! Target: 1.48
Ascending triangle formation, if stays within the triangle in a few days, than bullish in a long run.
Flag Pattern - Short opportunity on daily/weekly chart