On the 4H chart for the AUDUSD we are getting a symetrical triangle Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend. After the price created the last major high point, now it corrected down to the previous major high where it's hitting the support range created from it. For higher success...
On the 4H chart for the GBPUSD we are getting a symetrical triangle Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend Additional factors to take in...
Gold is forming an Ascending triangle on a 1H chart. The resistance of the pattern is aligning with the recent low points in the price creating a strong resistance range. The development here is important. If the price breaks the resistance, this can fulful the chart pattern and also break above the resistance range, which can push the price up. If the price...
BTCUSD Weekly chart - the price has reached a very important resistance range that has been formed from past low points and consolidation areas ( you can observe them better on a Daily chart ). This current resistance range stratches from around 46000 to about 53000. The development in this region is very important as it is the last major resistance before the...
The EURJPY 1H price formed a megaphone pattern. The price already broke to the downside and retested the support Additional confluences: - The megaphone pattern happened on a strong resistance range - The 20 and 50 EMAs can