Get started

Freetips

Will EUR/AUD Fly to Complete the Butterfly Pattern?EUR/AUD is trying to make the butterfly pattern on the 15m timeframe. And the trend seems positive here. On this chart, it has started to rise by following the support from 21st January 2021. Right now, it's trying to reach the hurdle( 1.5812 ). It has to cross the hurdle and reach 1.5825 level, to complete the butterfly pattern. So the targets are as following 1.5804 - 1.5812 - 1.5825 - 1.5830 - 1.5970 . But what if it starts to fall? If the trend starts to fall and the butterfly pattern fails with the fall, then the targets are 1.5760 - 1.5765 . And if this breaks the support, then it will hit 1.5740 - 1.5715 . Note: It's a bearish butterfly pattern. After the butterfly pattern, the trend will fall for a short period.
by forextidings
2
USD/CHF is Trying to Move UpsideHere's the 4H chart of the USD/CHF. Right now, it's moving sideways under the hurdle ( 0.8918 ). If the trend moves upside and crosses the dynamic resistance and hurdle trendline, then the hurdle will react as the support. And targets for the uptrend will be the following 0.8960 - 0.9000 . But if it falls and breaks the key level, then the target will be 0.8796 - 0.8760 . Technically the RSI is below its neutrality area at 50. But it's trying to cross this upwards. According to Stoch RSI, the trend is trying to move upwards.
by forextidings
1
XAUUSD- Will Complete a Descending Triangle?Here's the 15m chart of the XAUUSD. It started to make a descending triangle. For that, it has to complete the five-wave cycle. Now it's making the 5th wave.The trend will fall up to the following targets 1863.510 - 1860.160 - 1857.625 . The XAU/USD will fall up to 1852.300 - 1850.205 after the completion of the fifth wave But if the trend started to move upwards, and crosses the upper trend line of the descending triangle, then it would be the failure of the descending triangle pattern. And if the trend starts to move upwards, it will lead to a short term uptrend. And followings are the levels 1870.200 - 1873.550 - 1877.170 - 1879.100 , which the trend will break during a short-term uptrend.
OANDA:XAUUSD
by forextidings
2