UnknownUnicorn44957284

UnknownUnicorn44957284

Price has been trading inside the given upward channel since September 2022 . Recently , the price reached the pivot line of the Channel and has shown signs of rejection to the downside ! My next Traget will be the lower limit of the Channel i.e. 0.83700 which is also is the 0.382 retracement of the previous move above , henceforth making it a strong support point !!

UnknownUnicorn44957284

GBPAUD broke the Trendine to downside in March 2022 and ever since has been trading within a Rectangle Pattern as shown in the Chart. Price recently retested that Trendline and moved down quickly , managing to break even the Rectangle Pattern to downside and is currently retesting the lower limit of the Pattern . I expect a brief flag pattern followed by a...

UnknownUnicorn44957284

USDJPY is showing a strong bearish sentiment on the weekly and daily charts , heading towards the next support zone of 126.137. On further inspection is a downward parallel channel on the 4 hour chart . Price recently reached the diagonal pivot line of the parallel channel and got pushed down . Recently, price retested that pivot line and is now ready to continue...

UnknownUnicorn44957284

Price is currently trading inside what appears to be a bearish flag pattern . i expect the price to go up till the upper limit of the pattern and then continue the downward movement all the way till 131.4 ( the next major support level ) . In an event where price manages to break the 131.4 support to downside , we would potentially be looking at a change in the...

UnknownUnicorn44957284

The pair got pushed down from the 103.412 pivot line and is now also done with the restest ready to move all the way down to its next Target 101.379 !! The move is further strengthened by 50 and 200 EMAs pointing down on the daily and 4-H timeframe ! My final Traget for the pair is 101.4 !

UnknownUnicorn44957284

USDCAD has created a beautiful and rather neat Head and Shoulders Pattern . Recently, the price tested the neck of the pattern and got pushed down ! not just the retest but also the fact that price is now back inside the parallel channel on the daily chart is a good confirmation of a downward move ! my final Target is 1.3069 ( the pivot line of the parallel Channel )

UnknownUnicorn44957284

on the 4 hour chart is a clear formation of an head and shoulders pattern to be seen and yesterday the price completed the retest of the pattern as well and seems ready to resume with the downward move . My next Target for the pair is 161.8 retracement i.e. 1.3210 ! Have a nice trading day, Traders! Broker i recommend : go.vantagefx.com