Hello traders, and welcome! Today, let's take a look at gold, presenting a great trading opportunity. As usual, I have identified a pattern, this time a price action reversal pattern called a "V top." The price has broken below the breakout point at 2033.85, accompanied by a surge in volume, indicating increased market participation. Setting the stops above the...
William J. 0’Neil developed and popularized in the 1980s the Cup and Handle pattern. Cup and Handle patterns are continuation patterns, and they usually form in bullish trends. They also form in all markets and in all time-frames. The “Cup” formation is developed as consolidation phase during price rallies from the round bottom formation over multiple weeks to...
The AUD/JPY has formed a geometric diamond pattern on its daily chart. The price is currently trading above the MID level at 94.959 and is approaching the BREAKOUT point at 96.893. A clear breakout above the level of 96.893 could potentially lead to targets at 62%: 99.379 and 79%: 100.038.
The DE30 has completed an AB=CD pattern on its daily chart, and it's currently trading above the 14,942.5 level. The anticipated target for this pattern is 15,648.2.
Hello traders and welcome! Today, let's delve into EURJPY. The pair has formed an ascending triangle, and the current price is positioned above the breakout threshold at 159.754. Anticipated targets for this pattern extend into: Target Zone 1: - 38% at 162.931 - 62% at 164.918 - 79% at 166.284
Greetings, traders! Welcome to another analysis session where we're diving into a promising opportunity. Today, our focus is on a noteworthy asset that has broken above a significant level. Let's delve into the details: - **Breakout:** 123.26 - **Stops:** ST at 119.69 - **Targets:** - 62%: - 147.8%: - 154.59 Observing the chart, we can discern that the...
Hello Traders, Today, we are having a closer look at CHFJPY, which presents a promising trading opportunity. Upon analysing the daily chart, we can observe a geometric pattern resembling a diamond shape. The trade has already been initiated, and you can view it here: However, don't worry; I have more news to share with you. It's important to note that the...
Greetings, fellow traders! Let's shift our focus to NZDUSD, where an exciting trading opportunity awaits our attention. The pair has notably established two distinct boundary lines, effectively containing the price within a rectangular channel. Notably, the price has recently breached the lower trend line, marking a significant development. Key Points: - Lower...
Hello traders! Let's explore USDJPY, where a cup and handle pattern has formed on its daily chart. Currently, the price is trading below the breakout level at 151.928. If we observe a breakout above this level, potential targets for this pattern could be: Targets: - 62% at 167.294 - 79% at 171.402 Keep a close eye on the price action around these levels, as they...
Hello, traders, and welcome! Today, let's delve into USDCHF, where an inverse head and shoulders pattern has formed on its daily chart. Currently, the price is positioned below the neckline breakout at 0.91501. Should we observe a breakout above this level, it could potentially lead to the following targets: Extended Targets: 62% at 0.95133 79% at 0.96130 INV....
Hello fellow traders, it's great to connect with you today. Let's dive into the analysis for USD/CAD. Upon reviewing the daily chart of USD/CAD, I've identified a potentially promising pattern - a double bottom formation. This pattern indicates a potential reversal of the downtrend and could lead to a bullish move in the pair. The key points to note are: 1....
Hello Traders, and welcome! Today, we have an exciting setup to discuss involving the USDCAD pair. On its daily chart, an inverse head and shoulders pattern has formed, and the price is currently trading above the neckline breakout at 1.36534. We are looking to initiate a trade above the neckline breakout at 1.36534. After a successful breakout, it's essential...
GBPNZD is trading a diamond bottom on its daily chart and the price is currently trading 1.98040.
GBPNZD has formed a Diamond Bottom reversal pattern on its daily chart. The Price is trading near the Breakout: 2.03195. ST: 1.99395 Target1: 62%: 2.16627 79%:2.20281 Target2: 127%: 2.24911 162%: 2.38346
Hello traders and welcome! GBPNZD has formed an ABC bullish pattern on its daily chart, and the current price is trading above the long entry level (EL) at 2.05377. In this context, the anticipated target levels for Zone 1 are: Targets Zone 1: - 62% AB at 2.14142 - 79% AB at 2.17279
GBPNZD has formed a C&H pattern on its daily chart. The price is trading the Breakout: 2.03180 St: 2.00757 Targets: 62%: 2.12282 79%: 2.14810 127%: 2.22022 162%: 2.27123
GBPAUD has formed an ABC bullish pattern, and the price is currently trading above the long entry level (EL) at 1.91280. In this scenario, the anticipated target levels for Tablet Zone 1 are: Tablet Zone 1: 62% AB at 1.97719 79% AB at 2.00234
EURNZD has formed on its weekly chart a C&H pattern and the price is trading above the law handle 1.71243. Breakout: 1.80124 ST: 1.75266 Targets: 62%: 1.96211 79%: 2.00378