Never have i seen such a remarkable structure as we got here today. This is called a channel pattern, and we may see a break below structure and continuation untill it touches the lower trendline. We shall see what time will have to offer.
Here we got two possibilities for potential entries. I marked the most important trendlines atm so the price will be attracted and reacting on those lines. Wait for break above or below structure and see if it will make a continuation.
AUDJPY is currently in a uptrend. It will have a good chanse of going up until it hits the upper trendline. Once it breaks above the top of the pullback its in, then it will be a potential buy opportunity.
So i have gone through every jpy, aud and nzd charts and i ended up with USDJPY as the best looking pattern. I have marked two potential trendlines that can be used to buy, they are both strong level and the price will have a good chanse of reacting bullish.
So this is my priceaction analysis on weekly timeframe on GBPUSD. It seems like the price could potentially reverse at support level, create a double bottom pattern then go up to the trendline at least since it's been respected multible times before, and then finally for the end of this analysis i think it could go back down to the double bottom breakout zone.
Just took a quick look over a few pairs and i found a good looking pattern called barrier triangle. You could potentially buy up until the last breakout zone, then potentially sell down after if it doesn't break above the pattern.
So i think this could be a good idea. You see it is still up and strong. It just broke above a structural high if it repeats it self by breaking another high then it will have a good chanse of going up up a few pips.
As you guys can see here, we got a strong support and resistance. The highest probability is for it to go up to resistance and down to support. Wait and see if it creates the right market structure and sell if it starts to go down, buy if it goes above and it's not a fakeout.
Hi guys, this is simple ananysis. You see the price broke above the trendline which has been respected multible times. Now that it broke above and it gives a good indication for a continuation up. It's now down at support which will be the best place to look for buys. The price will have a good chanse of going up the resistance marked above.
Gotta say it's been a pretty unique and strong down trend for a long time, but the reverse is possibly here. It looks like it's slowing down at the moment on a strong support level. I got a good feeling it will break trendline and go up any moment.
My goal will be on the top of the most recent decending trendline because the market tends to pull back to around that level.
This will be a great buying opportunity in my opinion. I can see it creating a uptrend after touching the lower trendline so it might go all the way up to the trendline above. It made a selling opportunity 9 days ago making it seem like it would begin to make a downtrend, but it went back to making an uptrend 2 days and 16 hours ago. Right now it's down at support...
The price broke a descending trendline at support level. The horizontal line is a structure and if it breaks above it is most likely to start making higher high and higher lows, that is when you should start looking for buys until it comes up to resistance level.
Could be too late for entry on this one, but if it goes down again then this could be a good entry. It recently broke above a decending trendline + it made a retest on it/demand zone. It could go up to supply zone at least.
I know this looks like a bunch of bs xD, but thats all lines of where the price could react to in the future.
I just noticed that the price is reacting to a major trendline. It created structure for buys within it- meaning, it possibly made a higher high and higher low right now.
As you guys can see here, i placed some trendlines whitch i think the price is highly likely to be respected in the future. The next move for me is to see if the price will begin to create lower lows and lower highs. As shown with the drawings.