A descending triangle pattern has formed on the daily chart of XAU/USD (gold). It now offers an opportunity for a short trade in case of a bearish breakout. 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 green line denotes my...
The medium-term consolidation of the EUR/USD currency pair took a form of a symmetrical triangle on its daily chart. This formation can serve as a continuation pattern for a bearish breakout trading opportunity. My potential entry is placed at 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...
This short-term rectangle pattern on the 4-hour chart of CAD/JPY offers two potential breakout trading opportunities. The borders of the rectangle are marked with the yellow lines. My potential entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. They are based on the rectangle width - 10% for Entry lines and 100% for...
This descending triangle pattern on the 4-hour chart of the CAD/CHF currency pair offers an opportunity for a short trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. The green line denotes my take-profit level. I will set the stop-loss level to the triangle's...
This short-term symmetrical triangle has formed on the 4-hour chart of the EUR/NZD currency pair following a significant bullish trend. It can now be used a trend continuation trading opportunity in case of an upside breakout. My potential entry is at the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be...
This short-term GBP/JPY symmetrical triangle can serve as a continuation pattern for a breakout trading opportunity. My potential entry is placed at 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 border. I...
This descending triangle pattern on the daily chart of the EUR/USD currency pair offers an opportunity for a short trade in case of a downside breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. The green line denotes my take-profit level. I will set the stop-loss level to the triangle's...
The chart formation on the EUR/CAD weekly timeframe resembles a bearish flag pattern. It offers a trading setup with a downside breakout entry potential. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (1.25467). My potential stop-loss level is marked with the red line (1.32897). I will wait for...
This GBP/CAD 4-hour chart shows a descending triangle pattern that can be used to enter a rather short-term sell trade on a successful bearish breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. The green line marks my take-profit level. I will set the stop-loss level to the triangle's highest...
This bearish pennant pattern has formed on the weekly GBP/CHF chart amid a notable downtrend. The pole and the pennant borders are show with the yellow lines. The stop-loss level (the red line at 1.18001) is set to the highest point of the pennant part. The take-profit level (the green line at 1.11503) is set to the pole's length subtracted from the stop-loss...
Following a retracement inside a long-term downtrend, the GBP/USD daily chart has formed a bearish flag pattern. It offers a bearish trading opportunity on a definite breakout. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (1.14737). My potential stop-loss level is marked with the red line...
This double top pattern has formed on the daily chart of the USD/CHF currency pair and is now offering a potential bearish breakout opportunity. 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. My potential take-profit level is at the green line. A stop-loss (not...
This rectangle pattern on the daily chart of EUR/CAD offers two breakout trading opportunities. The borders of the rectangle are marked with the yellow lines. My potential entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. The stop-loss can be set to the low/high of the breakout candle (not shown on the chart).
A descending channel has formed on the 4-hour chart of the CAD/JPY 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...
This chart shows a bullish pennant on the 4-hour chart of the NZD/JPY currency pair. It provides a bullish breakout opportunity. The pennant and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line ( 86.376 ). My potential stop-loss level is marked with the red line ( 84.974 ). I will wait for the price to close...
What we see here is a classic bearish flag on the 4-hour chart of the GBP/AUD currency pair (Great Britain pound vs. Australian dollar). It offers a trading setup with a bearish breakout entry potential. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line ( 1.71831 ). My potential stop-loss level is...
This symmetrical triangle, which has formed following a long-term uptrend on the daily chart of AUD/JPY, can serve as a continuation pattern. An upside breakout can be used for its potential as a buy signal. My entry is placed at the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit is at the green line, which...
This bullish flag has formed on the H4 chart of the USD/CHF pair inside a longer-term uptrend. It can work as a trend-continuation breakout signal if the price closes significantly above the flag's upper border without invalidating the pattern. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line...