All details on chart and linked chart
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
see linked chart
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
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.
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
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.
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.
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.
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.
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
Were at resistance now and a wedge has formed im waiting for a break to go short. Target on chart