A reversal channel pattern is forming on the 1hr time frame, within a bearish flag that was formed in a HTF (4hr - Daily) of the EURGBP. If the price completes the reversal channel pattern, then there's a high probability of price dropping towards the weekly support area or reverse on the trendline that was formed by the falling wedge Pattern on the HTF...
Descending channel(chart pattern) indicating a downward trend on the H1.
Waiting for 3rd touch or possible on downward trendline on H4 TF I'm a beginner so you can tell me if you see anything else if you see something I did not pick up. Momentum and formation of specific candle sticks will be confirmation
Price reversed on a major trend support. The fact that it reversed by breaking through a descending channel gives us more confirmation that we're going long.
Usd/zar looks very neutral on the trendline support, whereby we not very certain where the price will go. The pair formed a correction pattern flag indicating continuation. that is the probable the possible is the market might respect the channel and go long so we currently waiting for confirmation for both directions! Risk like a PRO
The cable is showing us the correction flag on 1H chart, As we all know the rules of the pattern, impulsive = correction= impulsive. use proper Risk management. confirm your entries on 15MIN charts.
EURNZD
Tight Flag Formed After Retrace Back Into Structure
Waiting for correction to entry. please share your view. Thanks
after complete rejection sell in downside. ThankYoU
Sorry guys for not undating you on the last analysis of this pair because there was a change of trend in my analysis. But dont forget to "like" and "follow" for more content, you can join me on telegram t.me/greatGod19FX But note this it goes for few pips up to 70-90 then trend down.
We can see completey downside movement continueas per price action. ThankYou
Looking Potential Strong SELL Setup. ThankYou
Broken this Flag we can see big drop to gain easy Blue Pips. ThankYou
First Buy then Sell from Top of the Structure. ThankYou