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USDJPY Analysis DailyMorning Godal Member's, Traders and Aspiring Traders . Todays shared post is on . Pair : USD/JPY Time-Frame - Daily Biased - Bullish As price action shows on the daily a major chart pattern has been identified. This chart pattern is deemed as a major chart pattern due to the pattern being identified on a high timeframe( Daily ). The chart pattern drawn on this chart today is known as an ascending channel which can mainly be traded in two ways. Break out or continuation and on this occasion the favoured one is continuation as we can see new higher highs and higher lows being formed. Now this being the outlook the expectation is to find a potential trade to the up side if personal entry criteria occurs.
Long
by UnknownUnicorn18142411
EURUSD Analysis Update 3 ( Shorts )Pair : EURUSD Time Frame: Daily Outlook : Based on previous post and analysis. I see the potential chance of the continuation taking place before pulling back to exactly where we would prefer . This is due to structure on the lower timeframes so in this case scenario i will now wait for my personal entry criteria Update on photo : *Expectation of a bearish drop despite not reaching the exact resistant zone we wanted. Now i just wait for my entry criteria* 200+ pips potentially
Short
by UnknownUnicorn18142411
Chf/Jpy Update ! ( Still Waiting )Welcome Godal Traders we have an update on ChfJpy. The falling wedge is now being tested at the resistant trendline . This is where patient's is needed towards seeing if and only if the recent Lower High is broken with a strong daily close . This will show and indicate that strong buyers are coming into the market . Which compliments the overall outlook towards a bullish chart pattern and set up we are waiting on . You can find the previous shared outlook on this pair below updated notes on chart 1.Waiting for a daily close above recent LH 2.Support level held forming a potential double bottom and a false break out to the down side 3.The false break out to the downside could of been looking for stop losses
by UnknownUnicorn18142411
EURUSD Analysis Update 2 !! Morning Godal Member's, Traders and Aspiring Traders todays shared post is an update post on EURUSD Pair : EURUSD Time-Frmae : DAILY Outlook: After identifying a potential head and shoulders formation in the previous post . The over extended lower low has provided the retracement / pull back we was waiting for . Which also provided some intra-day trades but based on what's being focused on in this post price action is now located close to the allocated resistant area where we wanna wait and see how price reaction reacts in this area on the lower time frame where entry criteria is found for potential further downside. to the neck line of the head and shoulders to complete the pattern for potential further downside. * What was added to the chart * Theres signs occurrence off potential early continuation after a pullback. Could we potentially see early retracement ? Could we potentially come across entry criteria ? Maybe BUT we are going to remain patient because 1.Its friday and this is not a intra-day trade. 2.Theres still room for a deeper pull back in the new week coming .
Short
by UnknownUnicorn18142411
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