AndriyMoraru

AndriyMoraru

A descending triangle pattern has formed on the daily chart of the spot Brent oil. It follows a long-term downtrend in the oil price and can be used for a bearish breakout setup. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The...

AndriyMoraru

This chart shows a bearish pennant on the daily chart of the EUR/GBP currency pair. It can be used as a trend continuation pattern in case of the price closing below the lower border of the pennant part. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.83861), it is placed at the high of the...

AndriyMoraru Updated 

This descending channel pattern has formed on the daily chart of the USD/CHF pair following a rising trend that lasted from the start of the year till May 1. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the candle...

AndriyMoraru

This double top pattern has formed on the daily chart of the XAG/USD pair (Silver) following a rather long bullish trend. It can be used as a downside breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline)....

AndriyMoraru

This descending channel pattern has formed on the daily chart of the EUR/USD pair following a long uptrend. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the breakout candle (or to the low of the preceding candle if...

AndriyMoraru

This double top pattern has formed on the daily chart of the EUR/USD currency pair following an uptrend that lasted since the beginning of 2024. It can be used as a bearish breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height...

AndriyMoraru

An ascending channel pattern has formed on the daily chart of the EUR/USD currency pair. This followed a long period of bearish trend for EUR/USD. The pattern can be used for a downside breakout trade setup. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line....

AndriyMoraru

A bearish flag pattern has formed on the daily EUR/USD chart following a downtrend that lasts since the end of 2023. The pole and the flag's borders are shown with the yellow lines. The stop-loss level (the red line at 1.07953) is set to the highest point of the flag area. The take-profit level (the green line at 1.06210) is set to the pole's length subtracted...

AndriyMoraru Updated 

This daily chart of the WTI crude oil (spot) demonstrates a symmetrical triangle pattern. I will use it for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green line, which is located at 100% of the triangle's base width...

AndriyMoraru Updated 

This short-term double bottom chart pattern has formed on the H4 chart of EUR/USD following a clear downtrend. I will use this formation as a potential bullish entry. The two bottoms are marked on the chart. The neckline is marked with the upper yellow line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A...

AndriyMoraru Updated 

As you can see, the long-term upward trend in NZD/JPY has consolidated into a symmetrical triangle pattern on the H4 chart. I will use this formation for a trend-continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which...

AndriyMoraru Updated 

The 4-hour chart of EUR/CHF is showing a a symmetrical triangle pattern. It can be used for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green line, which is located at 100% of the triangle's base width below the lower...

AndriyMoraru Updated 

This daily chart USD/CAD formation resembles a symmetrical triangle pattern. It can be used for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the...

AndriyMoraru Updated 

This ascending triangle pattern has formed on the 4-hour chart of the AUD/CAD currency pair. It can be used as a short-term bullish breakout setup. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line (0.89235). My potential take-profit level is marked with the green line (0.90537). The stop-loss is to be set to...

AndriyMoraru Updated 

This chart shows an ascending channel pattern that has formed on the daily timeframe of EUR/USD following a long-term downtrend that had been active since July. It can now be used for a bearish breakout trade setup. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green...

AndriyMoraru Updated 

EUR/GBP has entered a symmetrical triangle pattern on its daily chart. It can be used for a trend continuation breakout setup. My potential entry is marked by the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper...

AndriyMoraru Updated 

This rectangle pattern (horizontal channel) on the daily chart of AUD/USD offers a potential bearish breakout opportunity following the general downtrend. The borders of the rectangle are marked with the yellow lines. My potential entry level is where the cyan line is. My potential take-profit level is at the green line. They are based on the rectangle width - 10%...

AndriyMoraru Updated 

A descending channel pattern has formed on the daily chart of the EUR/NZD FX pair and offers a bullish breakout opportunity. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss is to be set to the low of the breakout candle (or to the low of the...