Interesting pattern forming which may develop to give a short entry but also possible to evolve as it moves back up to the highs
Neutral on this pair for now. May revserse from the double bottom area having completed the pattern but also possible to continue down and needs some time to develop. Wildcard for next week.
EURNZD Showing us that it is probable to reverse and move to the upside over the next week or two. Analysis based on Falcon method I have been trading with this style for 10 months.
Needs a few days development to see if we get confirmation of a probable move up from this flag type formation. Most important thing here is how we break this trendline and approach the double bottom area as is we get continuation nature to the downside this is not valid.
GBPAUD setting up for a potential long if we get a hover along the trend line to signal a move to the upside
Market structure is setup for a probable big move down on the KOSPI alongside other world markets currently dropping heavily.
AUDUSD higher time frame has been in a descending structure and has reached a long term weekly trendline which is an area to look for signs of a reversal. This impulse to correction was a good entry point and now looking for further upside continuation.
AUDJPY Short on break of continuation triangle pattern. This entry was taken via pending order on the break. The stay complete the move down to the beginning of the larger correction to retest the lows which would be 6.5%.
Produced a nice entry setup and looking for more downside over the week. Already risk free.
AScending channel is a continuation pattern to continue down. Double top looks like giving a retrace on the earlier news spike up.
Descending pattern rejection on 3rd/4th touch
Break of descending wedge structure, Impulsive move on H4 chart. Potential to move back up to the start of the structure.