Forextrend
EURUSD At Resistance For Short.EURUSD is forming a symmetrical triangle pattern at resistance level . Symmetrical pattern indecisiveness in direction of trend. According to chart pattern analysis, we might see downside breakout from triangle pattern . One can initiate the short trade at resistance level with risk management and stop loss.
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EURCAD Formed Head & Shoulder For Short Trade.EURCAD is consolidating in a fixed range. Now, we may see a breakout from the consolidation pattern, as it formed a head and shoulder pattern (as shown in the chart). According to chart pattern analysis, we might see a downside in EURCAD. One can initiate short trade with risk management and stop loss.
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EURCHF short trade .EURCHF is trading in between major resistance and support level . it has tested the major resistance level twice but failed to break that Resistance Level (shown in chart), now EURCHF shown signs of short term downside move .According to chart pattern analysis, we might see downside in EURCHF . One can initiate the short trade with risk management and stop loss.
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EURUSD At Strong Resistance For Short Trade.EURUSD is trading at very strong Resistance Level. It also validate the Channel Pattern Support and Resistance (shown in chart). According to chart pattern analysis, we might see down side in EURUSD from Resistance Level . One Can initiate the short trade in EURUSD with Risk Management System and Stop Loss.
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EURGBP At Breakout of Support For Short Trade.EURGBP is trading at s Support Level also it is trading at Support Level of Channel Pattern (shown in chart). According to chart pattern analysis , we might see downside in EURGBP from current level if it break the support 1. One can initiate the short trade with proper risk management and stop loss.
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GBPUSD Long Trade In Rising Wedge Pattern.GBPUSD is trading in Rising Wedge Pattern also it is trading near the resistance Zone. According to Chart Pattern Analysis, we might see upside trend in GBPUSD till Resistance Zone and then consolidation to downside trend. One can initiate the long trade with proper risk management and stop loss
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EURUSD Head & Shoulder Pattern For Short TradeEURUSD is Forming Head & Shoulder Pattern which is bearish pattern or trend reversal pattern (Shown in Chart) . According to chart pattern analysis , we might see down trend in EURUSD . One can initiate the short trade on EURUSD with proper risk management and stop loss
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EURJPY Ascending Triangle Pattern For Long Trade.EURJPY is forming Ascending Triangle Pattern , Which is bullish pattern for long trade. According to chart pattern analysis, We might see upside in EURJPY after touching Ascending Triangle Pattern support line. One can initiate the long trade at Ascending Triangle Pattern support level with risk management and stop loss.
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GBPJPY At Resistance Line For Short Trade.GBPJPY is trading at Resistance Level (as Shown In Chart) . According to chart pattern analysis, we might see down side in GBPJPY from current level towards support 1 and support 2 , if support 2 breaks then we may see price level move towards support 3 . Once can initiate short trade with risk management and stop loss
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USDCHF At Strong Resistance For Short Trade.USDCHF is trading in the Ascending Channel Pattern, and it is at Resistance Level (shown in chart). According to chart pattern analysis, We might see some downside move in USDCHF towards support 1. One can initiate the short trade at current levels with Risk Management and Stop Loss.
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EURUSD At Channel Pattern Support for Long.EURUSD has given a downside breakout from the Descending Triangle Pattern, which is formed at the resistance level (as shown in chart). According to chart pattern analysis, We might see a small upside correction move from trend line support towards resistance. One can initiate a long trade with a risk management system and stop-loss.
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EURJPY Symmetrical Triangle Pattern Formation.EURJPY is forming a Symmetrical Triangle Pattern, which indicates incisiveness in trend. According to chart pattern analysis, we might see a breakout in EURJPY on the downside. One can initiate the short trade once price breakout of pattern with risk management and stop loss.
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GBPUSD At Resistance of Expanding Wedge for Short.GBPUSD is trading in Expanding Wedge Pattern. It is trading at resistance level of expanding wedge pattern (shown In Chart) . According to chart pattern analysis , we might see downside in GBPUSD towards Support level. One can initiate the short trade with risk management and stop loss.
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USDCHF Ascending Triangle Pattern Formation For Long .USDCHF is forming Ascending Triangle Pattern at bottom, after trending in down side for last couple of weeks. According to Chart Pattern analysis , We might see upside in USDCHF. One can initiate the long trade with proper risk management and stop loss .
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EURCHF Bearish Triangle Pattern Formation.EURCHF is consolidating in a fixed range for the last couple of weeks. It is forming a bearish Descending Triangle Pattern (Shown In Chart). According to Chart Pattern, We might see consolidation to the downside in EURCHF , as it is trading at a very strong support Zone . One can initiate the short position only after the breakout from the support zone , and if it bounces back from the support zone , we might see the price move towards the resistance of the triangle pattern .
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EURGBP At Resistance Of Descending Channel PatternEURGBP is trading in a descending channel pattern, as there is a major event in the coming month so, the market may not be very good according to risk/rewards but according to Chart Pattern Analysis, we might see a downside in EURGBP from the resistance of Channel pattern (shown in chart), One can initiate the short side trade with risk management and stop loss.
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USDJPY At Support of Channel Pattern For Long.USDJPY is trading in an ascending channel pattern, as there is a major event in the coming month so, the market may not be very good according to risk/rewards but according to chart patter analysis, we might see upside in USDJPY from the support level of channel pattern (as shown in chart). One can initiate a long trade with risk management and stop loss.
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USDJPY Head & Shoulder Pattern Formation For Short Trade.USDJPY is Trending in consolidation to upside in uncertain event/news/condition. it is forming head and shoulder pattern as shown in chart. According to chart pattern analysis, we might see downside in USDJPY from Current levels . One can initiate the short trade with risk management and stop loss .
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USDCAD At Support In Ascending Triangle Pattern For LongUSDCAD is trading in Ascending Triangle Pattern after giving a good upside move. According to Chart Pattern analysis, we might see upside in USDCAD from support level of Ascending Triangle Pattern. One can initiate long Trade with Risk Management and stop loss
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GBPUSD Long Trade From Support Level.GBPUSD is trading in downside Channel Pattern since last week. Currently it is trading at very strong support Zone . According to chart pattern analysis, We might see consolidation to upside move in GBPUSD (as shown in chart) . One can initiate the long trade with risk management system and stop loss level.
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NZDUSD Trade For Short At Channel Pattern Resistance.NZDUSD is trading in channel pattern since couple of weeks. it is trading at strong resistance level . According to chart pattern analysis , we might see down side in NZDUSD from current level . One can initiate the short side trade with Risk Management System and Stop Loss
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GBPCHF At Support Level For Long Trade.GBPCHF has consistently trending in downside from it recent top and now it is trading at support level of channel pattern. According to chart pattern analysis , We might see upside movement in GBPCHF from current level or corrective upside move . One can initiate the long trade in GBPCHF With proper risk management and stop loss level.
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