Hello Traders ! As We Talked in The Previous Analysis: The GBPJPY Price Reached a Daily Support Level (180.750 - 180.093) and Broke The Resistance Line Currently, The Price Created a Rectangular Range. The Upper Resistance is Broken. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 185.920🎯
As We Talked in The Previous Analysis: On Thursday 19 Oct, The CADCHF Price Reached a Support Level (0.64800 - 0.64950) The Price Created a Rectangular Range. The Upper Resistance is Broken. Currently, The Price Created a Correction and Touched The Support Level! and Now it Will Continue its Bullish Movement ! ----------- TARGET: 0.65980🎯
Hi Traders ! On Thursday 19 Oct, The CADCHF Price Reached a Support Level (0.64800 - 0.64950) Currently, The Price Created a Rectangular Range. The Upper Resistance is Broken. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 0.65980🎯
Some rectangular bottoms have formed on the GBPCAD pair, i count 6 touches included wick ends on the first and looking for a 6th touch on the lower trendline on the second rectangular bottom.
Good afternoon traders! So far I have found only a short scenario on this pair, perhaps a long scenario may emerge once price breaks out to the upside of the rectangular range; until then, however, I remain relatively quite bearish. It will be interesting to hear your views. Cheers. All the best!
First bearish rectangle complete. Two more. Will see.
After forming a rectangle pattern, EUR/USD has seemed to have finally broken down on a fairly good amount of volume and with bulls taking control of the market it's fair to say a downtrend may be just around the corner, as well with the MACD crossover below the center line it's a good confirmation of a new downtrend
Looks like NZDJPY will breakout soon, lets wait for breakout and enter the trade direction
AUDCAD is ranging for past 24hours in hourly timeframe, so I expect a breakout out of this rectangle. We can enter the breakout direction once we have valid confirmation. Keep this AUDCAD in your radar and watch closely, enter on the breakout with stops. Happy Trading !