on the chfusd price seems to have consolidated in this triangle pattern, waiting for price to break out so I know what to do however, price is still technically bearish because its a retracement from previous HH so you gotta watch out for this one and see how it fits your trading style.
USDCAD has seen Higher Highs ( HH ) and Higher Lows ( HL ) being made on the Weekly and Daily timeframes for a good while now with 1 or 2 Lower Highs / Lower Low fake outs to pull sellers in, however this pair remains bullish. An Inverse Head & Shoulder pattern can be seen on the Daily timeframe which was formed aggressively on the 1st of March. This broke a...
On the usd/eur setup, I see price has reached a minor resistance zone. Delving into the lower timeframe, I see price makes a minor ascending channel with HH's/HL's. I am hoping price touches resistance zone and reaches first take profit.
price is in a symmetrical triangle while going through a consolidation period. On the lower time frame, price seems to be reaching a resistance zone while creating HL's and HH's. I am waiting for price to retrace to the newly formed minor support zone to create a new HL so that I can go long until than.
on the gbpcad weekly, price seems to have hit major resistance zone. Possibly a h&s pattern could occur. Going down the daily and 4 hr chart prices has seemed to have made HL's and HH's. HH has seems to have touched major resistance zone and I now believe that price will start the create LH's and LL's if it breaks out of the trend. Plus ma crossover at the...
on the gbp/usd. I see an ascending channel on the 4hr timeframe. overall bias is bullish with support line being respected multiple times and price is forming higher highs and higher lows, I am hoping price creates another HL to support my idea. 4hr/1hr timeframe shows a lot more of the channel and a lot more in-depth details about entry and take profit.
Hello Everyone, I appreciate the feedback that I have been getting this past couple of weeks and something I that I been wanting to share with y'all is one of my confirmation. I know you will do your own independent reseach on this and I wish you the best in your trading Journey. Thank you. Ps. I'm looking for a new HL point to get a new HH.
IF WE SEE BREAK PAST ABOVE HIGHLIGHTED AREA , I CAN EASILY SEE THIS PAIR REACH FOR NEW HIGHS @13.7
Forming HH,HL on 30 min & 1 hr timeframe All indicators supports upward movement. Comment your ideas.
UJ CONTINUE THE UPTREND, RETESTED SUPPORT LEVEL + FIBB 61.8
Plotting the Highest and Lowest to trade Forex.
My long trade, price broke out of my purple zone and also its on its way to making new highs. 1.556 TP 1.51045 SL