USDCAD is Trading in the Descending Channel Pattern. Within Descending Channel Pattern, it was trading in a rising wedge and given a downside breakout, as shown in the chart. According to chart pattern analysis, we might see more downside towards the support level. Short side trade can be initiated with proper risk management and stop loss, as USDCAD may trade in...
AUDUSD is forming a symmetrical triangle pattern, which indicates the indecisiveness in trend. One can trade in AUDUSD once price breakout of symmetrical triangle pattern on either side. Initiate the trade with proper risk management and stop loss. Thank You
GBPJPY is forming a Descending Triangle pattern, which is a bearish pattern. According to chart pattern analysis, we might see a downside in GBPJPY toward support level 1 and support level 2. One can initiate the short side trade at the current level with proper risk management and stop-loss. Thanks.
AUDUSD is trading in channel pattern is consistently upward trend. We might see a continuation of an uptrend for more time in channel pattern. Also, there are similar support and resistance lines within the channel pattern, as earlier. One can trade with consideration of channel pattern as strong support and resistance. Thanks
GBPUSD has formed head & shoulder pattern at the top. It has achieved its first target, which was at support 1 and it bounces back from support 1 to retest the neckline. Now, it is also trading in descending channel pattern, as shown in the chart, we might see a downside in GBPUSD, as it is facing the resistance of neckline and resistance of channel pattern. One...
EURCAD is trading in sideways, consolidating after giving major upside movement. We see a continuation of the consolidation trend for furthermore time. One can take the trade for long or short at support and resistance level with proper risk management and stop loss. Thanks
EURUSD has given a big upside movement, in channel pattern. From the resistance level of channel pattern, it has retraced toward the support level of channel pattern, by consolidating in a falling wedge pattern. As per chart pattern analysis, we might see upside movement from the current support level. One can trade for the long side with proper risk management...
AUD/USD (AUDUSD) is in C wave down in ABC zigzag pattern from last major top. The B wave has ended in triangle. The 1st wave of C was diagonal structure, and 3rd wave down is now in progress. It should be going down sharply as it broken down triangle. Keep the eye on invalidation level.
NZDUSD Is trading in Ascending channel pattern after giving breakout from long term patterns. It might continue to trade in channel pattern for more time. Day trade for long or short can be initiated at support and resistance of channel pattern. Long term trade can be initiated after the breakout from channel pattern on either side with proper risk management and...
EURUSD has given a good rally after giving a breakout from symmetrical triangle pattern . As per chart pattern analysis , EURUSD has reached at the top to the rally , from Current levels we might see consolidation or small price retracement towards the downside in EURUSD. one can trade on short side with consideration of consolidation trend and after confirmation...
USDJPY has Breakout from Inverted Head & Shoulder pattern. it has achieved its first upside target while trending in channel pattern . before moving for target 2 which is resistance 2 , we might see some consolidation or downside in USDJPY before giving breakout . for confirmation, one can consider the channel pattern breakout for long or short trade in USDJPY Thanks
GBPJPY is forming the head & shoulder pattern at top . which is bearish trend signal . according to chart pattern analysis we might see down turn in GBPJPY towards the support level as shown in chart. short side trade can imitated with proper risk management and stop loss. Thanks
EURGBP is trading in a rising wedge pattern. It is also trading within the Fibonacci Retracement levels. We might see the price level to touch 50% Fibonacci retracement from the current level. One can trade for long according to Fibonacci retracement levels with proper risk management and stop loss. Note - trade with the proper risk management system Thanks
USDJPY is trading in a falling wedge pattern. As price is trading in a narrow range soon, we will see price breakout from a falling wedge in USDJPY. USDJPY is trading below its support 1, so we might see a downside in USDJPY and the first target for downside will be the support line of the falling wedge and the second target will be support 2. If the price breaks...
Hey traders, As we all know that we are consolidating on eurusd pair for a very long time. You can see it in below image (shaded area) But we can clearly see that in that consolidation area the sellers weren't strong as they are right now. Last push from sellers are so strong that it is full of bearish candles. What I am expecting that either this strong...
Here is our thoughts on EUR/CAD which seems possible, just hope it rides with us. don't want to be losing this trade seems like a positive short trade with the ichimuku signals happening.. Comment below.
1400 I think is a sweet spot for Gold. This and USD analysis are very much similar in terms of a near trend reversal. At least for a nice pull back slash correction. Happy Trading, folks! Cheers.
Price could stay for a while in the lil triangle you see below. TP1: 1.2678 TP2:1.2745 SL: 1.2530 PLEASE NOTE : THIS IS NOT INVESTMENT ADVICE.