Daily flag almost done, with price close to the 61.8% fibonacci level which is also about the bearish trendline
Between the current price (61.8% fibonacci retracement of the bearish leg), and the 88.6%, we can lookout for bearish patterns if the potential bearish bat pattern forms.
Breakout identified, more drop after a retest of the broken resistance
AUDCHF descending pennant for potential long in coming days
Judging by the previous demand zone just exited, I expect the price (after breakout) to retest the broken trendline and/or the exited zone before the buy resumes. I'd place 2 buy limits; one at the top of the zone, the other just below the zone with stop losses below the triple bottom.
Expecting a good sell on this pair in coming days/weeks, and this could reach the tp faster than it took to get to the 78.6 fib level. I'd post an update on the chart on new entry positions.
A pullback on Gold is expected and we got the impulse yesterday; 2 short possibilities are being looked at for educational purposes
Nice flag created after breaking out of the rising trendline. Continuation of the sell has started
Due to the weakness in GBP, most trades have been against the currency. But with the impulse we got on the 4-hr, we can expect a continuation after the flag formed.
Potential reversal pattern coming up here; could be a trade for next week, but it's worth keeping an eye on
After the impulse from yesterday, we are seeing a good flag for continuation to the upside. Another possibility could see the price go down to break the previous low then buy from there.