take a sell if this closes back in the range. it is looking very good for sell as DXY is looking bullish. False break patterns
False break back into the zone. It broke resistance and closed back into the range right after. Im expecting a decent push downwards
Here I see the dollar breaking under our pattern, it recently has began bouncing back up. I am expecting the dollar to make a massive move upwards.
This is my idea for GBPJPY. I need more confirmation and this isnt an entry at all. I am just giving an idea on what I think will happen
There is a head and shoulders pattern forming on the EURCAD 1 HR chart. This is just an idea!
You can see why I am possibly going to take this trade. First, there are a series of lower highs being formed indicated an uptrend. It broke and is retesting previous resistance. It crossed the 50 moving average indicating up trend.
Still new, what do you guys think of this trade?
This is my analysis. I just started Forex so plenty of feedback is welcomed!