Hello Traders! 👋 It looks like it's time to refresh the idea in the British New Zealand (GBPNZD) pair. Since my last idea didn't turn out as expected, but no worries, I've got you covered. The price on the hourly chart is currently trading within a rectangular channel between the upper trend line breakout at 2.05294 and the lower trend line breakout at...
Hello traders!👋 Welcome to another analysis. Today, we'll be diving into the GBP/NZD currency pair, which presents an excellent trading opportunity. The chart showcases a price action reversal pattern, "Inverse Head and Shoulders," on its hourly chart. Prior to this formation, the price had been on a prolonged downtrend. With this pattern emerging, there's...
GBPJPY is trading in ascending triangle on its hourly chart and the price has broken above the Breakout: 172.331. Target1: 62%%: 176.600 79%%: 177.750
XAUUSD has formed an advance harmonics pattern crab bearish on its hourly chart. The price is trading below the EL: 2062.79. ST: 2044.94 Targets: 62% AB: 1996.48 79% AB:1985.42 127% AB: 1954.70 162% AB: 1900.09
SPY has formed a price action reversal pattern inv. head and shoulders in its daily chart. The price is trading below the Breakout: 417.44. ST: below the low previous to breakout. Targets: 62%: 459.74 79%: 471.01
USDCHF has formed a price action reversal pattern double bottom on its hourly chart. The price is trading near the neck line breakout 0.87005 Break above 0.87005 Targets: 100% AB: 0.88494 150% AB: 0.89245
Hello Trader, I hope you've had a successful trading week so far! Let's have a closer look at NZD/JPY. It's displaying a price action reversal pattern, specifically an inverse head and shoulders, on its hourly chart. Currently, the price is trading near the neckline breakout at 86.939. Stops are set at the mid-right shoulder: ST: 86.550 Target 1: - 62%:...
Hello traders, and welcome to our "Trade Chart Patterns Like the Pros" analysis. Today, we're zooming in on CADJPY, which is showcasing an ascending triangle pattern. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. It is characterized by a flat resistance line and a rising support line. As the price...
👋 Hello Traders! Welcome to today's analysis. Having monitored this pair for several months and successfully entering a long position above EL: 0.65435, it's time to provide a fresh update on the current state of the pair. CADCHF showcases a clear Double Bottom pattern. This formation can be traced back to the high on May 22. It's significant to note that...
Hello and welcome to an insightful journey into the world of trading chart patterns, where we'll explore how to analyze and leverage patterns like a professional trader. Whether you're new to trading or looking to refine your skills, understanding chart patterns can provide valuable insights into market trends and potential opportunities. The Power of Chart...
CADCHF has formed a price action reversal pattern double bottom on its daily chart. The price is trading the long entry level EL: 0.65644. ST: 0.64798 Targets: 100% AB: 0.71896 150% AB: 0.73651
EURAUD is trading in rectangle channel below the Upper Trend Line Breakout: 1.66064. If breaks above targets : 50%: 1.67962 100%: 1.69819
Hello, Traders Today, we are turning our gaze towards the NZD/JPY pair, which is showcasing a remarkable trading opportunity. Upon examining its hourly chart, we notice that it has formed an advanced harmonic pattern, specifically the Gartley Bullish pattern. This development indicates a potential upward movement in the near future. Currently, the price is...
The Cup & Handle Pattern: A Comprehensive Guide to Continuation Mastery In the vast realm of technical analysis, the Cup & Handle pattern emerges as a brilliant beacon of insight—an extraordinary exemplar of a continuation pattern that elegantly unveils the ongoing momentum within an established trend. Its inherent elegance lies in its unparalleled ability to...
USDJPY has formed an ABC bullish pattern on its hourly chart and the price is trading the 1st st of targets 62% AB: 140.976 2nd st: 127% AB: 144.090 200% AB: 145.715
USDJPY has formed an ABC bullish pattern on its daily chart. The price is trading the EL: 131.664. ST: 129.642 Wall: 38% AB: 133.743 Targets: 62% AB: 136.218 79% AB: 138.075
GBPJPY has formed a diamond bottom pattern and the price is trading above the BREAKOUT: 180.524 Target zone 1 62%: 183.147 79%: 183.854 127%: 184.769 227%: 184.769
Hello, fellow traders! 👋📈 Welcome to TCPLTP (Trade Chart Patterns Like the Pros)! Today, we'll dive into an exciting analysis of GBPJPY using the Mama Diamond pattern, which has now given birth to a little baby diamond. 🤩💎 We'll explore how to leverage existing Fibonacci ratios as support and resistance levels within this single pattern structure. GBPJPY is...