The GBPUSD has broken down from a bearish price pattern, touching the monthly trendline at 1.1800 before rebounding to retest the previous breakdown level at 1.19254. We anticipate a potential reversal from this level back to the downside, although there is also a possibility for the price to continue rising towards 1.19984 before reversing...
Hello,Traders! EUR-AUD has formed a Head and Shoulders Pattern so IF we see A bearish breakout then We will go short On the pullback Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
hello traders, on AUDUSD , we can spot a head and shoulder pattern of the correction phase which signifies a potential exhaustion of buyers position and on an onset of bearish momentum.
NZDUSD decreasing triangle gonna go down i think the price gonna go down until the resistance level
USDCHF has reached the daily support. Nonfarm Payroll and the Unemployment Rate did not affect the pair movement and price movement. This proves more that the daily resistance is strong and I predict it will drop to 0.961897.
Oil target reached. The expanding pennant is now complete. The target was RIGHT ON THE MONEY!!! This will likely touch the bottom of the expanding pennant.
Hello traders! For my opinion this pair is sell because is in the "channel scheme" , "xabcd pattern" is to consolidation , and timeframe weekly is "three drives pattern " which is waiting to be confirmed. Fibonacci and some of the indicators show a downward trend. Target one: Sell 110.720 Target two: Sell 109.086 Don`t forget to look the economic calendar. THANK...
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
OANDA:EURUSD That is a strange place to form this pattern. Rejected 50% fib level. 50 EMA providing support. What do you think of this? Is Euro going to resume the uptrend after the consolidation? Leave your opinions.
We are currently in a pullback which is forming a flag. Price broke strongly my 4 EMA's to the downside. With GBP being very weak today I am expecting the pair to test again the 61.8% fib level which will be my target. Trade at your own risk
Is this H&S as a shorter pattern or this might be just a part of a bigger technical patter? My play is sell short
The pair is consolidating. The structure, at the moment, seems to be a channel. Had a strong bearish PA on May 27 indicating the sellers are in control. The median line (dashed line) which acted as a support has been tested and broken as well. Bearish divergence in terms of volume. Selling @ market and targeting 131.680 *** Trade at your own risk***
Hi guys, I am shorting the pair at these levels. It looks like volumes are not in a favor of a bullish move and price made a new low. I am looking now for the pair to test again these lows, at around 1.22500. R/R of this trade is about 2 ***Trade at your own risk***
Hi guys, The pair is following a bearish direction, as you can see in my chart. It is clearly visible that the median line (in red) fits perfectly with the price and I am looking now for the price to break this structure to the downside. I will enter upon a pullback in the channel zone and will target the bottom of the pitchfork. It's a 50+-pip trade !...