Greetings, fellow traders, and welcome to our analysis! I trust your trading week is off to a splendid start. Today, our focus turns to CADJPY, where an intriguing Cup and Handle Pattern is forming on the daily chart. If you're eager to delve deeper into the world of Cup and Handle patterns, feel free to enhance your knowledge by clicking here: (). But be sure...
Greetings, Traders! Here's a quick update on the Gold market: 📉 Pattern: Double Bottom 📊 Current Status: The price confidently trades above the Neck Line Breakout at 2023.779. 🎯 Near-Term Targets: Target 1: Aiming for the 100% retracement level at 2032.606 Target 2: Aspiring towards the 162% retracement level at 2038.067 Traders, stay vigilant as the market...
Hello, Traders! Welcome! Let's explore a promising trading opportunity in USD/CAD. An advanced harmonics pattern has emerged on the hourly chart, and the price is currently trading above the suggested long entry level at 1.33864. We're eyeing two target zones: Target Zone 1 at 62% XA extension: 1.34814 Target Zone 2 at 127% XA extension: 1.36112
META is trading a cup and handle pattern on its daily chart. The price is trading above the Breakout: 236.86. ST: 219.96 62%: 328.86 79%: 353.24 127%: 425.89 162%: 477.46 William J. 0’Neil developed and popularized in the 1980s the Cup and Handle pattern. Cup and Handle patterns are continuation patterns, and they usually form in bullish trends. They also form...
Greetings, traders! Let's delve into the analysis of the AUD/CAD daily chart, which is showcasing a compelling trading opportunity: Pattern Identified: 📊 Double Top Reversal Pattern. Current Price Position: 📈📉 The price has broken below the Neckline at 0.88775. Trading Plan: 📉📈 Neckline Breakout: The breakout below the Neckline at 0.88775 suggests a...
Hello Traders! Welcome! Today, we're examining AUDCAD and identifying a promising trading opportunity. The price has been moving within the boundaries of trendlines, with the upper trendline breakout at 0.89883 and the lower trendline breakout at 0.89382. Notably, the price has recently broken below the lower trendline breakout at 0.89382, suggesting a bearish...
SPX500 has formed a symmetric triangle on its daily chart. the price is trading below the Breakout: 4139.22. ST: 4041.25 Targets: 62%: 4841.46 79%: 4981.34
NVDA has formed a cup and handle on its daily chart. The price is trading the Breakout: 286.95 ST: 265.29 Targets: 62%: 401.79 79%: 431.66 127%: 519.54 162%: 582.61
Hello traders and welcome! I hope you're all having a fantastic trading week. Today, let's take a closer look at CHFJPY on the 4-hour chart, as it's presenting a promising trading opportunity. On the 4-hour chart, we can observe the formation of a compelling 3 drives bearish pattern. Initially, the price seemed to ignore the bearish scenario, but subsequently, a...
Hello Traders and welcome! Let's delve into USDJPY, highlighting an exciting trading opportunity. The price has recently surged above the breakout point of 146.379, signaling a significant move within the ascending triangle pattern. This breakout sets the stage for promising trading opportunities. Targets for potential gains are as follows: 62%: 148.263 79%:...
Greetings Traders! Welcome aboard! Today, let's explore AUDUSD for an exciting trading opportunity. The upper trendline breakout stands at 0.67286, while the lower trendline breakout is at 0.66480. Notably, the price has recently broken below the lower trendline at 0.66480, suggesting a potential bearish scenario. Targets are determined by measuring the rectangle...
CADCHF is currently trading within a rectangular channel, marked by boundaries of support and resistance levels. The Upper Trend Line Breakout is at 0.68317, and the Lower Trend Line Breakout is at 0.64586. A break through the boundaries of these trendlines will validate the rectangular channel pattern.
Hello Traders! 🌟 Today, we're diving deep into an exciting analysis of the AUD/CAD pair. Get ready, as we unfold the story this chart is telling us across various timeframes! 📈🔍 📊 Weekly Chart: We've spotted a fascinating rectangular channel, indicating a consolidation phase. A key point here is the price rejection at the lower trendline (around 0.85627)....
🎄 Hello Traders, Merry Christmas and Happy New Year! 🎉 As we embrace the festive spirit, let's also dive into an exciting trading opportunity that's shaping up in the Forex market. 📚 Introduction to the Diamond Bottom Pattern: What is a Diamond Bottom? It's a unique and relatively rare chart formation that signals a potential bullish reversal. This pattern is...
Hello traders and welcome! Today, let's take a look at the AUD/CAD daily chart, presenting a promising trading opportunity. The price on its daily chart has formed a U-shaped price action structure, representing a Cup and Handle pattern. Currently, the price is trading below the breakout level, which is at 0.90567. Stops are set at 0.89678 to manage risk...
Hello traders and welcome! Let's have a look at EUR/AUD on its hourly chart, showcasing a potential trading opportunity. The price has formed a descending triangle, and it's currently trading near the trendline breakout level, which is at 1.62093. Targets are set to 1.60775. Happy trading! 📉✨
We all talk about the importance of trading psychology trade management, fundamental, are we short or long? I think above all this is to follow up. My first post about this idea was back in 17 dec 2022. Trading C&H Patterns for a decade and knowing how patterns react when certains levels are hit. XAUUSD is trading a cup and Handle Pattern currently at the 1833...
Hello traders and welcome. Today we are taking a look at gold, presenting a great trading opportunity. The price has formed an advanced harmonic pattern, specifically a crab bullish pattern, on its hourly chart. The price is currently trading above the long entry level at 1994.72. To manage risk, we place the stop below point 'D' at 1990.89. Target 1: 38% AD:...