Bobthegoat_za

Bobthegoat_za

USDCHF is currently performing a H&S pattern , it is also performing a bullish flag and breakout of this structure would be a good opportunity to go long .

Bobthegoat_za

USDJPY is currently performing a falling wedge pattern in which the upper trend line has been tested more than 4 times on the 1H & 4H charts , if price breaks out and closes above the trend line I will be looking for long opportunities.

Bobthegoat_za

USDJPY is in a falling wedge chart pattern on 4H time frame and it is also performing a smaller falling wedge chart pattern . There is strength to the USD currency in these tough times and it shows.

Bobthegoat_za

ON the 4H time frame USDCAD is performing what we know as an inverse head & shoulders pattern which is a bullish setup , on the 1H we can also see a falling wedge setup which is another reason for you to look to long USDCAD . You can wait for breakout of structure for entries or buy now if you are feeling a little cocky about the setup

Bobthegoat_za

Previously USDCAD was in an impulsive phase from the beginning of March to mid March . Now the big question at the moment is what chart pattern is it currently making ,whether a continuation or a reversal chart pattern and the answer to that is "continuation" . USDCAD's behaviour in this consolidation phase had no characteristics of a reversal (There's no reversal...

Bobthegoat_za

GBPCAD just recently completed a double bottom formation and it also broke out of a falling wedge formation thus adding to the sentimental understanding that the bulls are taking over . I will be looking for entries at my support zone which looks like a probable area that price might pullback to before heading to the upside .

Bobthegoat_za

EURJPY is currently in a descending channel which is a form of consolidation formations that we expect before a bullish move , another reason for us to look for buying opportunities is that price is currently at a strong support zone and it is most likely testing this level and making a double bottom formation . So do you thing a descending flag pattern at an area...

Bobthegoat_za

Recently EURUSD impulsively broke out of an ascending wedge pattern which I published a previous idea ,EURUSD is currently at a level of interest, Should you want to short EURUSD this is the Perfect place to look for shorting opportunities. Keep an eye out for double tops , head&shoulder pattern or ascending wedge at this level.

Bobthegoat_za

GBPJPY recently broke out of a bullish structure and successfully completed a double top reversal formation . Price is currently trying to make a lower low for this newly born downtrend . I will be Looking for Shorting opportunities at the retest of the nearest resistance zone.

Bobthegoat_za

EURUSD has an ascending wedge pattern in play and i will be looking to short after it breaks out of the pattern and retest my resistance zone , i will wait for an engulfing candlestick after price touches my resistance zone or at least another indication of bearish momentum like a lower low.