Neckline
USDCHF - BEARISH SCENARIO 📉Hello Traders !
On Tuesday 2 April, The USDCHF Reached The Resistance Level (0.90848 - 0.91126).
The Price Formed a Head and Shoulders Pattern.
So, Let's Expect The Bearish Scenario:
If The Market Breaks The Neckline (0.89999 - 0.90161) and Closes Below That,
We Will See a Bearish Move📉
TARGET: 0.88980🎯
After hitting previous targets Doge now above invh&s necklinePrevious target was 21 cents which Doge has just recently hit and in doing so doge also create a larger inverse head and shoulder patterns which its price is currently above the neckline of now. Very possible the price dips back below the neckline once or twice before finally having the break above the neckline tat trigger the breakout of the inverse head and shoulders pattern, but as always its also possible it could validate the breakout on the current breach of the enckline. If it were to validate the breakout on this initial breach above the neckline, the next target woud be around 36 cents. *not financial advice*
USDCHF - 2 SCENARIOS 📉📈Hello Traders !
On The Daily Time Frame, The USDCHF Reached a Resistance Level.
Currently, We Have 2 Scenarios:
Bullish Scenario📈
If The Price Breaks and Closes Above The Resistance Level,
We Will See a Bullish Move...
TARGET: 0.90130🎯
Bearish Scenario📉
If The Market Breaks The Neckline (0.87860 - 0.87426) and Closes Below That,
We Will See a Bearish Move...
TARGET: 0.86120🎯
GBPJPY - Bearish Scenario 📉Hello Traders !
On The Daily Time Frame, The GBPJPY Reached a Strong Resistance Level (188.816 - 188.301).
The Price Formed Triple TOP Pattern.
Let's Expect The Bearish Scenario:
If The Market Breaks The Higher Low (1.70595 - 1.70440) and Closes Below That,
We Will See a Bearish Move...
TARGET: 184.900🎯