The price has broken out of a rising wedge pattern on the 4H chart. It has also retested the wedge pattern with a bearish flag pattern on the 30M chart. I expect a further move to the downside.
EURUSD broke out of a long-term ascending channel and retested it on the daily/weekly TF. On the hourly chart, the retest ascending channel has also been broken to the downside. Let's wait for a clear reversal pattern to break out (H/S on the hourly chart) before going short.
A breakout of a long-term range occurred last week and price is back to retest the broken support zone. I expect a leg down from here.
#EURJPY. The price got exhausted at the top of the weekly resistance then rallied down due to FOMC report last week. Now the price has retraced in a rising wedge to test the broken support area. The wedge has been broken and the price also printed a double top pattern with a lower low. I expect a leg down from here after the retest of the DB neckline.
GBPNZD printed an inverted head and shoulders pattern on the weekly TF. Look for entry on the smaller TF.
We have an area of high confluence on 4H chart. Watch out for a bounce and breakout from this support area to go long.
NZDCHF has been moving in a rising channel on the Weekly TF. Now the price is back to the lower bound on of the channel. On the H4 TF, the price was moving in a descending channel which has also been broken to the upside and retested. I expect a rise in price "IF" the price closes above the next resistance on the H4 TF.
EURCHF is trading in a rising channel on the Weekly TF. Now the price is back to the lower bound on of the channel which also happens to find horizontal support (retest) at the same level and the weekly 50 SMA is also providing support on this level. On the daily TF, the price was moving in a downtrend and the price is on the lower bound of the falling channel as...
The price has broken a long-term trend line to the downside and has also printed a bearish flag at the point of retest. I expect the price to melt more from here.
This pair has broken out of a wedge pattern and has cleared the horizontal resistance on H1. I expect the price to push up from here.
The price has broken to the downside and its back to retest the broken supports turned resistances.I expect a leg down from here.
The price pulled back to the 50 MA and got supported. The price has now broken the mini downtrend phase and the mini resistance, I expect an increase in price from here.
The price has broken the trendline and the support here. I expect some bullish momentum from here.
The trendline and the horizontal support have been broken here. I expect the price to drop after retesting the broken structure.
This pair has broken out of a trend correction phase by taking out the trendline. I expect some movement to the downside.
The price has broken the trendline and the mini resistance the pattern. I expect the price to retest the broken structure and give us a head-up after the retest.
AUDJPY has broken a descending triangle to the upside. I expect some bullish movement from here.
GBPAUD has broken out of a long-range and has retested negatively on the daily chart. I expect a change in trend from here.