Last 2 pattern breakouts were successful let see if we can get a third profitable breakout. All details are on chart
Audjpy has broken out of a rising wedge. see the previous linked chart for ore information
Price is currently trading in a 1hr accending channel and has approached a weekly trendline. There seems to be some resistance here. Im waiting for a bearish pin bar to go short. Initital target could be touch of lower tl, second target projection of break as on chart
I still have a bullish bias on this pair. 2 trade plans Long Wait for a break of lower wedge and then retrace producing a false break, enter long. Short Wait for a solid 4hr bearish close below Wedge enter short. If and when i enter trade i will post another chart
Price is at monthly support formed a pin bar on 4 hr im taking a long on break. might get stopped out there is another strong support @ 1.4555 i will be looking for an entry there.
This going to be my first trade idea for 2020. Trade Idea GBPCHF is on on a rising channel support. Ema 50 100 and 255 are all supporting the price. Plan Im waiting for the 4hr candle to close once it breaks i will enter long stops below 4hr close. Target FIB 61.8 Level 1.3075
Theres been a pull back on Cable recently. Price is now resting on an accending trendline and 61.8 fib level. Im going to wait for the daily close. hopefully a bullish hammer candle will be formed. then i can plan to go long
AUDUSD is Trading in a descending wedge structure, the last 2 channel and wedge break has resulted in an increase in value and targets being hit. Im looking for the wedge to break on a 1hr to go long.
Price at 100 ema which is acting as resistance and has done on the last 3 occasions. potential a daily pinbar is forming. An ascending wedge has formed. I'm looking to short on break and close of the wedge
AUDCHF is ranging within 2 patterns at the moment i see an accending wedge, as well as a bear flag, coincides with the downward trend. Looking to enter pattern on break projected target on the chart
CADJPY is in an uptrend and has produced a bull flag consolidating in a triangle. waiting for a break of triangle to enter long. Target on the chart.
I'm waiting for a break of descending channel to go long. Price has found support at fib 61.8 level and were still in an uptrend on longer TF. Projected target on the chart.
Im waiting for a break and close of accending wedge to sell CADCHF. I may enter sell on shorter TF if i get a sell signal from price action. Projected target on chart.
A descending wedge has formed on eurusd I'm waiting for a break and close on 2 hr chart to enter long. Projected target on chart
EURJPY is an upward trend. Price is now is testing the bottom of a wedge formation. Ive entered and expecting for wedge to break. I'm going to add to trade when wedge breaks.
On the 1 hour chart we have a wedge also were testing support Im expecting were going to have a break of the wedge and go to 9599