After NFP, we have bullish momentum within the large steep flag on the daily. On the H1, we have already received a flat flag confirming the long move. How this plays out after the reopening of the markets will be key as we look to profit from it.
We see a formation of a strong expanding triangle that has formed on the 90% rule of the previous reversal. Within the expanding, we have a reversal within it that conforms to our patterns within pattern edge which increases the probability for the trade. Now, how this pair moves on the reopening of the markets will determine how we will profit from it. Hope we...
As traders, it's very much so, important to be able to read in between the lines about what the dynamic and passive traders are thinking as they are exposed to the charts. We see a nice pattern there on the Dollar Yen pair as we're in to the weekend. The strong high test close on the daily chart there sends us a clear signal of the probable bearish momentum that...
We see price falling correctively out of the ascending structure. Normally, we would be looking to go long but since there was a short impulsive breakout and a continuation confirming it, I'll be looking to take my entry just below that pattern on reduced risk entry with my first predetermined profit objective at 1.73306. If price breaks below and shows...
Ger30 just broke out of a clear descending structure forming a symmetrical triangle as continuation to the upside... we're looking to take the trade on the break out of the continuation pattern
