This is our favorite pattern, wedge. In this case, the rising wedge. If price make a bullish move, it will go to 76 fib and resistence line at 1.3320-30. Also finishing the pattern.
But we are not trading that, but waiting bearish break of the bearish pattern.
When you see break of support line (lower), you can enter the market. Target will be at 1.3193
GBPUSD bounced of 21 ema, support trendline and wizz (our indicator). With one more swing up, price should reacj 176 fib and resistence line, thus completing rising wedge pattern.
We can imedeatly enter the market. And once again, risk to reward is much into our favor.
Bull Capital still have 100% accurate analysis on Tradeview. In long term, our analysis was 82%...
Price twice bounced of 168 fib, finishing bearish channel pattern. It can still make one more move down but we are waiting for upside break of the channel.
After price breaks channel, making new high from Friday, we can enter the market.
EURJPY is at the end of bearish type wedge pattern. It's also bouncing of 144 ema from downside. On friday or monday we can expect break to the downside toward 116.30
Pending order need to be placed below 117.50
Upside break will cancel this scenario and pending order needs to be deleted.
EURUSD is in range channel. Pair have tendency for more bearish movement and it is in bear zone.
Putting pending order below lower side of the channel and waiting for the break.
SL above fib 78.6 at 1.1081