Pattern: Channel Down on 1D. Signal: Bearish as the price is approaching the Lower High zone of the pattern. Target: 1.1950 (Lower Low trend-line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Previous GBPUSD idea:
Pattern: Channel Down on 1D. Signal: Bearish as the price entered the Sell Zone (red rectangle) of the pattern and is still below the 1D MA200 (hasn't been crossed since March 30). Also the RSI is on its 2 month Resistance. Target: 1.08200 short-term (the Higher Low blue dotted trend-line) and 1.07000 medium-term (top of the Buy Zone of the pattern). **...
Pattern: Channel Up on 1D. Signal: (A) Bullish as long as the pattern's bottom line holds, (B) Bearish if it breaks. Target: (A) 0.61000 (just below the inter-pattern Lower Highs) and (B) 0.59100, 0.58450 (Support 1 and 2 respectively). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Channel Up/ Bullish Megaphone on 1W. Signal: Bullish once the price hits the 1W MA200 or the 1W RSI enters the Long-term Buy Zone. Target: 1.46800 (bottom of the Higher High Zone).
Pattern: Channel Down on 1D. Signal: Buy inside the Green Zone, Sell inside the Red Zone (in accordance to the Blue RSI Rectangle as well). Target: 1.09300 and 1.0700 respectively ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Recent EURUSD signal:
Pattern: Megaphone on 1D. Signal: (A) Bullish if the 1.2655 trend line breaks and (B) Bearish if the 1.2160 trend line breaks. Target: (A) 1.3200, (B) 1.1600. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pattern: Channel Down on 1D. Signal: Bearish as the price is testing the 1D MA50, which has previously been a rejection point. Target: 1.07150. * This is a continuation of our previous Sell Signal which has already hit its first (1.08350) target:
Pattern: Multi year Channel Down Signal: Bearish as the price is on the 2nd straight red 1D candle, having been rejected within the Lower High (Sell Zone) of the Channel Down. Target: 1.0835 (0.618 Fibonacci retracement) and 1.07150 (just above the Buy Zone).
Pattern: Multi year bearish channel with Lower Highs and Lower Lows since 2010. The sequence is similar to the 1989 - 2001 period. Signal: Bearish on the next contact with the 0.382 Fibonacci level. Target: 0.5000 (just above the 0.47500 Support and the -0.236 Fibonacci)
Pattern: Channel Down on monthly since June 2018. Signal: (a) Bullish as long as 1.06500 holds, (b) Bearish if it breaks (potential pattern breakdown symmetrical to the break upwards earlier this month). Target: (a) 1.08500 (potential contact with the 1D MA50 (b) 1.04100 (the -2.40% decline similar to the +2.40% outside of the pattern occurred in May 6th).
Pattern: Rejection on the 1.088 Resistance. Signal: Bearish as the 1D MA50 has been broken and the MACD made a bearish cross. Target: 1.000 (just above the Symmetrical Support).
The current sell-off is similar to the Brexit shock on GBPUSD on June 24, 2016. Once the price got detached from the 1D MA50 it declined nearly -15% from the top. The reaction at the bottom was a pull back to the 0.236 Fibonacci level. The new (lower) High was confirmed by the MACD roll-over. If the same sequence plays out, then we see 1.1800 as a (lower) High. It...
Pattern: Rectangle on 4H within the 0.382 and 0.618 Fibonacci levels. Signal: (a) Bullish if the 4H MA50 (blue) breaks, (b) Bearish if the 4H MA200 (orange) breaks. Target: (a) 1.14000 (the 0.786 Fibonacci retracement level, (b) 1.08000 (just above the the 1D Support).
Pattern: 4H Channel Down. Signal: Bullish as the pattern is testing the Lower Low trend line. Target: 1.10300 (right on the 4H MA50). *note: invalidation of pattern if 1.0940 breaks. In that case short to 1.08880. Recent signal on EURUSD:
Pattern: Channel Down on 4H. Signal: Bearish as the pattern broke below the former Higher Low trend line made a Death Cross and the 4H MA50 rejected the last spike. Target: 1.10400 and 1.1000 in extension.
Pattern: Ascending Channel on 1D. Signal: Bearish if the Higher Low trend line breaks (dashed line) and in extension if the Symmetrical Support 1 breaks. Target: 1.2800 (condition 1) and 1.2500 (condition 2) in extension.
Pattern: Channel Up on 1D. Signal: Bearish if the Higher Low trend line breaks (flag mark) as the price has been already rejected on the wider 1M Channel Down (bold channel). Target: 0.6700 (just below the 1D Support). If the 1D Support breaks we may see an extension on the 1M Channel Down towards a new Lower Low near 0.64000.