NZDJPY has formed a bullish channel and the price is from top, this is one of the continuous chart patterns. We are expecting a drop to the bottom of the channel. Wish you all the best. Remember to use proper risk management. Let's Download Success
After a surge impulse move up yesterday we seeing the market slowed down now taking liquidity in my opinion it would be best to to execute any trades till we get a break of structures retest moreover some major confluences into our pot and top it of with continuation candlestick patterns for now we waiting while liquidity is been taken out
Corrective move to the downside Failing to break structures Failing to create lower lows Huge clear-off expected
Gold has been forming highs and new lower highs with the dollar currency decreasing in value what better investment is left than precious Gold
Looking at the dxy (dollar indice) it had been in weak trend thus far this week with nfp on the roll we might expect move movement NZDUSD to the upside as this broke daily structure to the upside creating a series on higher lows and higher highs on slighty smaller time frames should be a good Trade tell me what you all think
How we can see on the chart is the Bat pattern with fibonacci is very possibly. When we reched point D, price go formed for Double top and We wait to go down reach O,382 fibonacci and after 0,618 fibonacci. I think is very possibly retest on the 50%. Enjoy!
Hi traders, For more of the long term traders among you, here is a head and shoulders pattern that is nearing completion on the EURGBP weekly chart. The pound has been relentlessly choppy since last year's referendum. Is it possible that we're about to see some semblance of stability again? Personally, I can't see the fundamentals doing this technical analysis...
So we may have a potential garley pattern in play which i plan to take the short, given some confirmation. However an elliot wave has been formed which may take the current wave higher. A close above the previous peak will prompt me to change my outlook from short to long
If you zoom out on this chart you will notice that the market has rallied out of a bat pattern and returned to previous structure. You will also notice i have highlighted a potential reversal zone in blue, and from which we can assume that the market, as usual, will respect structure, and return to structure lows. Here i have two patterns suggesting a reversal in...
I see a Bat pattern in the AUD/JPY 30 min chart, around the 96.810 area. The market here seems to be in an uptrend, so it isn't bad to assume that the market could break out of consolidation and continue trend. But I believe since the market will be testing highs for the year, the market will complete the pattern and reverse down into the 1.618 extension of the...