AndriyMoraru

AndriyMoraru Updated 

A symmetrical triangle pattern has formed on the weekly chart of the USD/CHF currency pair. This long-term formation offers an opportunity to go short in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The potential entry level is shown with the cyan line. The potential take-profit level is where the green line is. The...

AndriyMoraru Updated 

A bearish pennant pattern has formed on the weekly EUR/USD chart following a double top pattern we traded earlier. The pole and the pennant are show with the yellow lines. The stop-loss level (the red line) is set to the highest point of the pennant part. The take-profit level (the green line) is set to the pole's length subtracted from the stop-loss level. I will...

AndriyMoraru Updated 

This double bottom pattern has formed on the weekly chart of the AUD/CAD currency pair, signaling a potential reversal from the preceding downtrend. The two bottoms are marked with the yellow arcs; the neckline is marked with the yellow horizontal line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A stop-loss...

AndriyMoraru Updated 

A bullish flag has formed on the daily chart of the USD/JPY currency pair (US dollar vs. Japanese yen). It can be used for a trend-continuation breakout trade should the price close significantly above the flag's upper border before invalidating the pattern. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the...

AndriyMoraru Updated 

This bearish pennant formation on the daily chart of the USD/CAD currency pair provides a potential breakout trading setup. If a candle closes well below the lower border of the pennant before invalidating the pattern, it can be considered a sell signal. The pennant and its pole are shown with the yellow lines. My potential take-profit level is marked with the...

AndriyMoraru Updated 

A bullish pennant that has formed on the daily chart of the AUD/JPY currency pair complements the bullish flag on the USD/JPY chart of the same timeframe. One should be very careful entering these two correlated trades to not over-risk their capital. The pattern can be used for a trend-continuation breakout trade if a candle close well above the upper border of...

AndriyMoraru Updated 

This short-term symmetrical triangle can serve as a continuation pattern for the preceding ascending trend on the 4-hour chart of AUD/CAD. 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 is...

AndriyMoraru Updated 

This symmetrical triangle pattern has formed on the 4-hour chart of the EUR/USD chart pattern. This formation offers an opportunity to buy EUR/USD in case of a bullish breakout. The triangle's borders are marked with the yellow lines. The potential entry level is shown with the cyan line. The potential take-profit level is where the green line is. The stop-loss...

AndriyMoraru Updated 

This head-and-shoulders pattern on the D1 chart of EUR/AUD offers a bearish breakout trading opportunity. The pattern's neckline and shoulder line is shown with the dashed yellow lines. The shoulders and the head are marked with the yellow curves. My potential entry level is at the cyan line. My potential (conservative) take-profit is at the green line. The...

AndriyMoraru Updated 

This symmetrical triangle pattern, which has formed following a considerable uptrend swing on the daily chart of the NZD/JPY currency pair, provides a bullish breakout setup. This formation offers an opportunity to go long in case of an upside breakout. The triangle's borders are marked with the yellow lines. The potential entry level is shown with the cyan line....

AndriyMoraru Updated 

There is a medium-term swing trading opportunity presented by a bearish pennant on the daily chart of XPD/USD (Palladium CFD). It provides a bearish breakout trading setup. The pennant and its pole are marked with the yellow lines. My potential take-profit level is marked with the green line (1641.16). My potential stop-loss level is marked with the red line...

AndriyMoraru Updated 

A descending channel has formed on the weekly chart of the EUR/CHF currency pair and it now 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. Stop-loss is to be set to the low of the breakout candle (or to the low of the...

AndriyMoraru Updated 

You can see a bearish flag on the XAG/USD (Silver) daily chart. It offers a downside breakout trading setup. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line. My potential stop-loss level is marked with the red line. It is best to wait for a close reasonably below the lower border of the flag area...

AndriyMoraru Updated 

The ascending triangle on the weekly chart of XAG/USD (Silver) offers a bullish breakout trading opportunity. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. The stop-loss is to be set to the low of the triangle at 19.22.

AndriyMoraru Updated 

This descending channel has formed on the daily chart of the EUR/CHF currency pair and now 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. Stop-loss is to be set to the low of the breakout candle and is not shown on the chart.

AndriyMoraru Updated 

A bullish flag has formed on the 4-hour chart of the GBP/JPY currency pair. It offers a buy breakout oppurtunity. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line. My potential stop-loss level is marked with the red line. I will wait for a close reasonably above the upper border of the flag area to...

AndriyMoraru Updated 

This double top pattern has formed on the 4-hour chart of EUR/USD, suggesting a potential bearish breakout. 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 can be set to the high of the breakout...

AndriyMoraru Updated 

A double top pattern formed on the weekly chart of XAG/USD (Silver) and offers a trend reversal trading 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. Stop-loss can be set to the high of the...