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Chart patterns

EURCHF: The price is very CLOSE to its WEEKLY DYNAMIC TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/CHF ⚪ Technical Analysis : In the weekly time frame, since May 2020, the price has been following a clear uptrend creating an ascending triangle pattern. During the last weekly session, the price reached its dynamic support trendline and its now moving up. In the daily time frame, in November 2020, the price got a strong impulse once it reached its dynamic trendline, moving up until the resistance zone at about 1.08500. It got many rejections around that zone, bouncing back on the support zone at about 1.07370. It has currently moving up! In the h4 time frame, at the beginning of January 2021, the price started a strong descending channel, bouncing on the main support level at about 1.7400. It's currently consolidating and the next price action will be essential to understand the next market movement. 🔴 Conclusion : If I take in consideration that in the weekly and daily time frame the price is moving with a clear uptrend, I'm really confident to see the price pushing up until the main S/R Zone. Don't forget that it is very close to its weekly trendline and I'll be waiting for it to re-test that trendline before planning my long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
10
EURCAD: Entry SHORT on this REJECTION!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/CAD ⚪ Technical Analysis : In the weekly time frame, since August 2012, the price has been following a really strong ascending channel, keeping the price over its dynamic trendline. It has currently reached an interesting resistance zone that rejected the price many times in the past. In the daily time frame, since July 2020, the price has been following a strong descending channel, bouncing many times on its S/R dynamic lines. It's currently re-testing a S/R zone at about 1.54950. In the h4 time frame, on the 13th of January 2021, the price broke a secondary trendline, reached and got a rejection on the main channel and it's now re-testing the same level with a great chance to collapse down. 🔴 Conclusion : During the last days we saw more than 200 pips of uptrend, and I'm confident to see a trend correction until the support zone at about 1.54150. I'll be waiting for a proper rejection on the secondary trendline before entry short on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
4
EURUSD: Is the price going to Reach the level 1.22750?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/USD ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been following a clear uptrend, creating a rising wedge pattern. In the daily time frame, on the 4th on November 2020, the price got a strong rejection on the dynamic support line that pushed it up in a clear uptrend, reaching the level 1.23505 before getting a trend correction. On the 15th of January, the price bounced on a secondary trendline, breaking through the resistance level at about 1.21560 and it's now re-testing the same level. In the h4 time frame, since the 6th of January 2021, the price has been following an interesting falling wedge, breaking its dynamic resistance line on the 19th of January. It's already got a rejection on the same level and it broke a daily S/R zone at about 1.21500. The next price action on that zone will be essential to understand the next market movement. 🔴 Conclusion : The falling wedge pattern is usually a continuation pattern and I'm confident to see the price growing more until the next resistance zone at about 1.22750, that would be also my trading target. I won't open any position right now because the price is currently overbought, instead I'll be waiting for a more re-test on the current level and entry long with a clear rejection. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
4
EURAUD: A great LONG Opportunity on this PULLBACKHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/AUD ⚪ Technical Analysis : In the weekly time frame, since the end of October 2020, the price has been moving with a strong downtrend and it has actually reached an interesting S/R zone at about 1.56500 that rejected the price many times in the past. In the daily time frame, the price got a double rejection on the level at about 1.56000 and it's now approaching to reach the next resistance zone at about 1.58550. In the h4 time frame, since the end of December 2020, the price has been following a strong descending channel, breaking through its dynamic resistance line just a couple of days ago. The next price action will be essential to understand the next market movement. 🔴 Conclusion : In my opinion, this is an interesting breakout that could be the beginning of a new trend. I'm confident to see the price moving up trying to reach the target on the next resistance zone at about 1.58600, but I'll be waiting for a re-testing of its dynamic S/R line before to plan and eventually entry long on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
10
CHFJPY: A possible UPCOMING DOWNTREND! Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : CHF/JPY ⚪ Technical Analysis : In the weekly time frame, since October 2019, the price has been moving following a clear uptrend, creating an interesting rising wedge pattern. It has currently reached a strong resistance zone but overall we still have a bullish market. In the daily time frame, on the 23th of November 2020, the price got a strong rejection on its dynamic support trendline and it moved up until the main resistance zone at about 117.200. This level rejected the price many times and it's now approaching to re-test the same zone. In the h4 time frame, as we can see in the chart, the price is moving with a clear side trend, bouncing up and down between the main support and resistance zone. The next price action will be essential to understand if the resistance zone will reject the price. 🔴 Conclusion : The price is currently following an interesting side trend and I'm confident to see an upcoming downtrend until the next support zone. I'll be waiting for the next session before planning my short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
4
CADJPY: Is the price finally BREAKING the CHANNEL?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : CAD/JPY ⚪ Technical Analysis : In the weekly time frame, the price has been following a strong downtrend since December 2017 and it's currenly retesting the main dynamic resistance line of its channel. In the daily time frame, since March 2020, the price has been moving with a clear uptrend and it's now just around the main weekly trendline. In the h4 time frame, the price is currently following a strong ascending channel, it reached and got few rejections on the resistance level at about 82.150 and it is now just very close to its dynamic support line. 🔴 Conclusion : The price reached a really interesting dynamic resistance line that rejected the price many times in the past. I'm confident to see an upcoming market reversal and I'll be waiting for the price breaking the dynamic support line before planning my short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
4
Historical risistance trendWe are about to hit historical resistance lines again. The blue horizontal bars indicate long term historical support and resistance. the top red bar is short term resistance and lower green bar is short term support The middle green bar indicates a conflict zone. 126.487 is the top end conservatively before trending back down and pushing through the conflict zone slowly to hit a new low. if we drop below the long term resistance line we could possibly see around 124.496 in the next week as new lows.
Short
by aszablya
1
NZDJPY: Will the price GROW more on this CHANNEL?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/JPY ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been moving following a strong uptrend, bouncing on its dynamic trendline just in November 2020. It's currently still in uptrend and it reached a strong resistance zone. In the daily time frame, since November, the price has been following a clear ascending channel and few days ago it got a rejection on its dynamic support line. It's currently moving up with a great chance to reach and retest again a strong resistance zone at about 75.640. In the h4 time frame, two days ago the price broke a secondary trendline and it's currently retesting the same level. The next price action will be essential to understand the next movement. 🔴 Conclusion : I'm confident to see the price moving up after a possible bounce on the support zone at about 74.000. I'll be waiting for a clear price action before planning my next long position on this trade, so at the moment, I suggest to not open any position. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
12
NZDCHF: Is the price still GROWING in its CHANNEL?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/CHF ⚪ Technical Analysis : In the weekly time frame, since January 2017, the price has been following a strong descending channel, temporary breaking it in March 2020. It's currently in uptrend, trying to reach its dynamic resistance line. In the daily time frame, since March 2020, the price has been following a clear uptrend, bouncing few times on its dynamic support, before getting a strong impulse that moved it up. It's currently following an ascending channel and there is a possibility to see the price reaching its weekly dynamic resistance. In the h4 time frame, the price bounced twice inside its main channel and it's currently approaching to get a possible new rejection. The next price action will be essential to understand the next market movement. 🔴 Conclusion : The price is following a strong channel, we can see a double rejection that pushed it up without any hesitation. I'm confident to see the price getting one more bounce on its dynamic support and move up breaking through the resistance level at about 0.63787, trying to reach my next target on the weekly dynamic resistance. I would get my first long position if the price will get a rejection on the dynamic support at 0.63285 and I'd open one more position if the price will pullback on the level at about 0.63900 Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
6
NZDCAD: The Price BROKE the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/CAD ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been moving in a clear uptrend and one week ago it reached and got a rejection around an important weekly S/R zone. In the daily time frame, the price is still following a strong ascending channel, it has just got a rejection on its dynamic support on the 6th of January and it's now retesting a daily S/R level. In the h4 time frame, the price broke its descending channel only one day ago and it's now retesting a resistance level. The next price action will be essential to understand the next market movement. 🔴 Conclusion : The price has just got a rejection after a clear descending channel and I'm confident to see the price falling down until the next support level at 0.90500. I'll be waiting for a proper rejection on the current level before entering short in this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
10
$POLA Creating 3rd StepPolar Power, Inc. designs, manufactures, and sells direct current (DC), power generators, renewable energy, and cooling systems in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems. The company serves telecommunications, military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply markets It sells its products through direct sales force, and a network of independent service providers and dealers. The company was formerly known as Polar Products, Inc. and changed its name to Polar Power, Inc. in October 1991. Polar Power, Inc. was founded in 1979 and is based in Gardena, California.
NASDAQ:POLALong
by BADQOMOCAWGOWLD
1
$CRBP Dead Cat BounceCorbus Pharmaceuticals Holdings, Inc., a clinical-stage pharmaceutical company, focuses on the development and commercialization of various therapeutics to treat rare, chronic, and serious inflammatory and fibrotic diseases. Its lead product candidate is lenabasum, a synthetic oral endocannabinoid drug that is in Phase III clinical trials for the treatment of systemic sclerosis and dermatomyositis, and in Phase IIb clinical trials to treat systemic lupus erythematosus and cystic fibrosis. The company is also developing CRB-4001, a peripherally-restricted CB1 inverse agonist, for nonalcoholic steatohepatitis and other fibrotic diseases. It has a licensing agreement with Jenrin Discovery, LLC to develop and commercialize the licensed products, which includes the Jenrin library of approximately 600 compounds and multiple issued and pending patent filings; and strategic collaboration with Kaken Pharmaceutical Co., Ltd. for the development and commercialization of lenabasum in Japan. The company was founded in 2009 and is based in Norwood, Massachusetts. CRBP vs Sector
NASDAQ:CRBPLong
by BADQOMOCAWGOWLD
$MBRX (fm @Marcoux)Moleculin Biotech, Inc., a clinical-stage pharmaceutical company, focuses on the development of oncology drug candidates. Its lead drug candidate is Annamycin that is in Phase 1/2 studies for the treatment of relapsed or refractory acute myeloid leukemia (AML) and cancers metastasized to the lungs. The company's flagship immune/transcription modulator is WP1066, which is in Phase I clinical trial for the treatment of brain tumors, as well as to treat pancreatic cancer, AML, and glioblastoma. It also develops WP1220, an analog of WP1066, which has completed Phase 1 clinical trial for the topical treatment of cutaneous T-cell lymphoma in Poland; WP1234 for the treatment of pancreatic cancer; and WP1732, an analog of WP1066 for the treatment of AML, pancreatic, and other cancers. The company's lead metabolism/glycosylation inhibitor compound is WP1122 to treat cancers and viruses. In addition, it engages in the preclinical development of other drug candidates, including other immune/transcription modulators and metabolism/glycosylation inhibitors. The company has partnerships and collaboration agreement with The University of Texas MD Anderson Cancer Center, Emory University, Mayo Clinic Research Endeavor, The University of Iowa, Medical University of Gdansk, University of Bergen, DERMIN Sp. z o. o., and WPD Pharmaceuticals Sp z.o.o for the development of various drug candidates. Moleculin Biotech, Inc. was founded in 2015 and is headquartered in Houston, Texas.
NASDAQ:MBRXLong
by BADQOMOCAWGOWLD
USDJPY: Could you CONFIRM this BREAKOUT? Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : USD/JPY ⚪ Technical Analysis : In the weekly time frame, since December 2016, the price has been moving with a clear downtrend, following a strong descending channel. It's currently in the same trend direction, without giving us any sign of weakness. In the daily time frame, since July 2020, the price has been moving inside a falling wedge, bouncing many times on its dynamic S/R lines. It's currently reached the middle of its pattern, still in downtrend. In the h4 time frame, the price created an interesting symmetrical triangle, breaking through its dynamic support line only one day ago. It's currently retesting a strong S/R level and the next price action will be essential to understand the next market movement. 🔴 Conclusion : I believe there is a nice chance to catch a short opportunity on this trade and I'm really confident to see the price falling down soon! Once the price will pullback on its dynamic support or it won't be able to break the current S/R zone, then I'll plan my short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
24
USDCHF: a great LONG opportunity on this ASCENDING TRIANGLEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : USD/CHF ⚪ Technical Analysis : In weekly time frame, since the 2015, the price has been moving following a side trend, and only in August 2020 it broke through the main support level at about 0.90700. It's currently still following a downtrend. In the daily time frame, since March 2020, the price has been following a strong and interesting falling wedge, bouncing and getting its last rejection on its dynamic support line on the 5th of January 2021. It has currently reached a daily resistance zone and there is a possibility to see the price growing more. In the h4 time frame, the price is creating an interesting ascending channel and it's now retesting its dynamic support line. The next price action will be essential to understand the next market movement! 🔴 Conclusion : The triangle is usually a continuation pattern, as we can see in this chart the price got many rejections on its dynamic support line, failing any attempt to break it. I'm confident to see the price moving up, breaking through the resistance zone at about 0.89200 and growing more until the next main S/R level, that would be my target. I don't suggest to open any position right now, instead I'll be waiting for the breakout of the resistance zone before to plan any long position. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
14
USDCAD: keep this Market in your WATCHLIST!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : USD/CAD ⚪ Technical Analysis : In the weekly time frame, since September 2017, the price has been following an uptrend, getting a stronger impulse in December 2019. Once the price reached an important resistance zone at about 1.46700, it started collapsing down it's currently continuing the same trend. In the daily time frame, since March 2020, the price has been moving with a clear bearish movement, creating an interesting falling wedge pattern (many rejections on its dynamic S/R line are an extra confirmation). It is currently in downtrend and there is a nice possibility to see the price reaching its dynamic support line. In the h4 time frame, the price is moving inside a descending triangle and it's now retesting the support zone at about 1.26200 for the third time. The next price action around that level will be essential to understand the next market movement. 🔴 Conclusion : I believe the price is slowly losing strenght to grow and reach its dynamic resistance line but I'm still confident to see a trend correction before eventually collapsing down breaking through the support level at 1.26200. I'll be waiting the breakout of the current level before planning any short position! Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
4
TSLA: Green or Red path? With earning fast approaching next week, TSLA finds itself at a crossroad. But was does this mean? Well, for starters TSLA has been inside a very long ascending wedge pattern, recently touching the very top and being rejected there after making its all-time high. When the rejection occurred TSLA began to consolidate inside a small but well-defined triangle pattern which has not been broken. Using Pivot Points, we can also see that TSLA is holding support at an R2 level which is something I look out for when looking for breakouts. Now does this mean we are going to see a breakout with TSLA? No, not really, but it is another tool that can be useful when analyzing charts and searching for possible clues. With earnings next week, possible triangle breakout, and R2 as support, TSLA could try and make a move up to R3 and retest the top of the ascending wedge. Do I recommend jumping in now and buying TSLA, NOT. AT. ALL. I personally would wait a bit and let the triangle breakout decide which path it wants to take, Green or Red.
NASDAQ:TSLA
by jnpTrends
1
GBPNZD: It's time to BREAK the ASCENDING CHANNEL!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/NZD ⚪ Technical Analysis : In the weekly time frame, since November 2016, the price has been following a long uptrend, bouncing many times on its dynamic support trendline. In November 2020, it broke the trendline for the first time and it's currently retesting the same level. In the daily time frame, since March 2020, the price has been following a clear descending triangle pattern, getting few rejections on its dynamic resistance. It is currently retesting the same level. In the h4 time frame, on the 6th of January, the price got a strong positive impulse, moving up with a clear uptrend until the main trendline, breaking through an important S/R zone at about 1.89133. It has currently got a rejection on the main trend line and the next price action will be essential to understand the next market movement. 🔴 Conclusion : Since many days ago, the price has been following a long and strong ascending channel, but now that it reached an important trendline, I'm confident to see the price falling down as a trend correction until the next support zone at about 1.89162. Once the price will eventually break and retest the current S/R level, I'll plan my short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
26
GBPJPY: The price is still in the MAIN CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/JPY ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been moving following a strong trendline, bouncing few times on its dynamic support. It has currently reached an interesting S/R area that rejected the price many times in the past. In the daily time frame, the price is still moving with a clear bullish movement, without giving us any sing of weakness. It has currently reached a strong resistance zone and the dynamic resistance of its ascending channel. In the h4 time frame, on the 18th of January, the price got a strong positive impulse that moved it up until the weekly resistance zone. The next price action around that level will be essential to understand the next market movement. 🔴 Conclusion : During the last 2 days, the price has been moving with a really strong impulse, breaking through the daily S/R level at about 141.243 and getting easily about 200 pips. I'm confident to see the price getting a retracement and eventually I'll see a proper rejection on the current level, I'll start planning my short trade until the next support zone at about 141.243. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
23
GBPCAD: The END of a strong WEEKLY TRIANGLE patternHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/CAD ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been moving inside a strong symmetrical triangle pattern and it has currently reached the end of its pattern. During the next week we could probably see big movements on this pair! In the daily time frame, since September 2020, the price has been moving following a strong secondary trendline, bouncing many times on its dynamic support line and reaching few times the resistance zone at about 1.75000, without break it. It has currently retesting the same zone and there is a possibility of a bearish movement. In the h4 time frame, on the 8th of January 2021, the price got a strong positive impulse that moved it up until the main resistance zone. After a clear rejection on that area, the price started growing more and is now trying to retest the same level. Once the price will reach the resistance zone, the next price action will be essential to understand the next market movement. 🔴 Conclusion : This pair is very close to the end of its weekly triangle pattern and in a long term I'm confident to see the price growing more. There is still a possibility of a trend correction if the price eventually will get a new rejection on the resistance level, and only considering this condition I'll start planning my short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
12