USDJPY made a inverted cup and handle pattern which indicates about the bearish of the market.
Looking at the chart, we can see that the market is in a range. My thinking is that the market, if it can rise to the 1.081 range, will fall to the bottom of 1.055
We seen a lot of Chop this week. Looking like price is ready to turn full on bearish again but we need to wait for a new High to be made first. Might not get another move till the middle of next week. just have to be patient.
it can be bullish from here in short and maybe midterm. if it give us a buy setup we can enter.
💷GBPJPY💴 Weekly 04/22/2024 Weekly High: 197.923 Weekly Low: 190.317 Chart Pattern: Ascending Channel 💎Buy GBPJPY @ 190.5 - 190.3💎 Monday 04/22/2024 09:30 AM EST 189.9 StopLoss —> 190.55 BreakEven+ 💎Buy GBPJPY @ 192.6 - 192.4💎 Wednesday 04/24/2024 04:30 AM EST 192.0 StopLoss —> 192.65 BreakEven+ Richard Eyo ~ The Wizard 🧙♂️
Anticipating a long on USDCAD ahead of the NFP. the dollar has been showing a tremendous amount of strength for sometime now. let's see how this goes. DISCLAIMER: This is not a financial advice.. it's just my perspective. trade with caution.
this chart shows the downward trend for on 1h time frame.
GBPAUD - 24h expiry The medium term bias remains bearish. The sequence for trading is lower lows and highs. Bullish divergence is expected to support prices. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9250. We look to Sell at 1.9220 (stop at 1.9270) Our profit targets will be 1.9100 and 1.9070 Resistance: 1.9150 / 1.9250...
Cup and handle continuation pattern observed in GBPUSD pair. It is highly likely that the price will go up.
The forming structure can lead to a very nice break out that could catapult the price to much higher levels. I step in with the bulls
EURCHF Buy Stop Loss: 0.970 Targets: 0.978 0.979 0.980 0.982
hey there please check beacuse of news This is more of an experimental scenario, however there is always a probability this could happen. I just won't be too optimistic at this point since we are bearish at the moment and are still making New structure lows and Lower highs
AUDCAD chart in 4H time frame is printing Uptrend with Cup & Handle Pattern and observed there is no any divergence. Therefore market may seem more inclined to move in the direction of the existing uptrend. Hence I'm doing long trade with Buy Stop Order on the breakout neckline level with stoploss below at last Higher Low level.
Bullish flag continuation pattern observed in AUDJPY Pair. There is no divergence, so there is a strong chance of bullish pattern continuation.
Hello Everyone, The USDJPY has experienced a notable decline recently, and now it's crucial to breach the robust support levels at 152.618 and 151.877 on the monthly and daily charts for the bearish trend to persist. Presently, we find ourselves comfortably below the monthly, weekly, and daily pivot points, suggesting favorable conditions for further bearish...
The pair is in bullish trend and good cup and handle formation confirm this.
Good Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up. Long now for a good 1 to 2 RR. April -1 JAN (6R) FEB (1R) March (-7)
CHFUSD - Buy Stop - Bup and Handle Formation - Bullish Pattern - Entry point if Resistance is broken