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Description
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+ A Channel formed after sudden crash
+ Price is consolidating in this range.
+ Since overall market is bullish, expect price to breakout upward
+ A LONG opportunity we have for high risk trade....
The AUDUSD is moving sideways in a continuation flag pattern. However, there is a clear resistance from top to bottom on the daily timeframe. If we look at the 4-hour timeframe to analyze the upcoming movement, we find that the price is touching the local uptrend line and also the 50 and 100 moving averages for the 4-hour timeframe. From here, I expect the price...
USDCHF has reached the daily support. Nonfarm Payroll and the Unemployment Rate did not affect the pair movement and price movement. This proves more that the daily resistance is strong and I predict it will drop to 0.961897.
PAIR: USDJPY
TRADE: BAT PATTERN
POSITION: SELL
TIME-FRAME: 1HR
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Looking at a lovely pattern opportunity here on this
USDJPY pair, 1hour time frame, in the form of another
Bat Pattern.
For those of you, who are a lover of patterns, there is
another Bat Pattern I'm currently involved in, please
find the link to my YT below and take...
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
Hello, Traders!
AUD-CAD has established a double top
With the lower high
And then broke out of the rising channel
Which is a very bearish sign
Even though AUD-CAD is trading in a steep uptrend
And a correction is overdue
The totality of these factors make me bearish on the pair
And I expect it to fall with 3 targets on its way
Although the pair might...
We are currently in a pullback which is forming a flag. Price broke strongly my 4 EMA's to the downside.
With GBP being very weak today I am expecting the pair to test again the 61.8% fib level which will be my target.
Trade at your own risk
EUR/CAD has fallen back into the Descending triangle pattern that has formed on the 1D,4HR,1HR chart.
With a strong rejection of higher prices, false break of the pattern and no immediate retest of these levels my bias is strongly toward the downside, I hope for the pattern to break to the downside and see a return back to normal prices before the outbreak in march.
BITSTAMP:EURUSD EURUSD reached supply level by order book. Germany announced GDP which was worse than expected. After the price break the trendline there is high probability that price could rally down in the next few hours.
Click follow to get more of my analysis
Keep close attention on EOS.
We might be in for a nasty sell-off.While not a perfect pattern, it appears to have triggered a sell trade.
With a 5.64 to 1 risk/reward ratio, this is a no-brainer trade for me. Profit target near 7.97 with stops above 10.78.
Execute the best trades. Profits will follow.
Disclaimer: This is only my opinion, make of it what you...
XAUUSD fell from the high at 16 October
We think it wants to create a pattern to make a bottom then rising, Let's talk about rising and it's target when the ABCD pattern complete
Now we should watch the price level 1274 ( red line ) in the beginning of the week, if XAU test it and reverse we will update and talk about targets
THANK...
