TradeChartPatternsLikeThePros

TradeChartPatternsLikeThePros Updated 

EURAUD has formed a cup&handle pattern on its daily chart and the price is trading above the Breakout: 1.59641. Target1: 62%: 1.70292 79%: 1.73094 Target2 127%: 1.81328 162%: 1.87218

TradeChartPatternsLikeThePros

Hello traders, let's examine AUDUSD. The pair is currently trading within a rectangle channel below the Lower Trend Line Breakout at 0.64586. Potential downside targets include 50% at 0.62371 and 100% at 0.60156.

TradeChartPatternsLikeThePros Updated 

AUDUSD is trading a double top near the neckline breakout 0.65923. Break and retest neckline breakout targets: 100% AB: 0.62907 150% AB: 0.61397

TradeChartPatternsLikeThePros

Hello traders and welcome! Let's take a look at AUDCAD, presenting a great trading opportunity. AUDCAD is currently trading near the Lower Trend Line Breakout at 0.85627, within a rectangle channel. A break below the Lower Trend Line Breakout at 0.85627 could target the 50% level at 0.80684 and the 100% level at 0.75825. However, it's important to note that...

TradeChartPatternsLikeThePros

Hello traders, Let's focus on the GBPUSD pair. This currency pair has established a 121 Bearish Pattern on its hourly chart, with the price currently near a short entry level at 1.21485. The expected target for this reversal is 1.20339. Although it's unclear if this pattern aligns with the Wyckoff method, we are closely monitoring it for potential indications of...

TradeChartPatternsLikeThePros Updated 

Hello Traders and Welcome! Today's Update on the GBP/JPY Pair: Previously, the analysis indicated an Inverted Head and Shoulders pattern, suggesting a possible turning point. However, the pair deviated from this pattern by breaking through the trendline resistance at 182.437. This breakout indicates the formation of a potential Dragon pattern. Trade Setup: In...

TradeChartPatternsLikeThePros Updated 

Hello, traders! Let's examine USDCHF, as it appears to be presenting a promising trading opportunity. In our previous analysis, we successfully hit our targets while trading a double bottom pattern, as shown here: Now, let's assess the current situation. The chart illustrates a V-bottom pattern. V-bottom patterns are characterized by a rapid decline in price...

TradeChartPatternsLikeThePros

Hello, Traders, and Welcome! I hope you all had a fantastic weekend. As we gear up for the trading week ahead, let's kick it off with a fresh analysis. As we position ourselves in the current market, let's revisit a few of the previous patterns we have in place. The Diamond pattern plays a crucial role in this setup. Posted back in March, the chart illustrates a...

TradeChartPatternsLikeThePros Updated 

Hello Traders! We have identified a potential trading opportunity on EURAUD, where a V-Bottom pattern has formed, indicating a possible bullish scenario. EURAUD chart has formed a V-Bottom pattern, which typically follows a rapid decline in price followed by a quick upward move. The current price is near the breakout level at 1.65828. For Long...

TradeChartPatternsLikeThePros Updated 

NZDJPY Hhas formed an advance harmonics pattern gartley bullish on its hourly chart. The price is trading above the long entry level with targets: 62% XA: 88.739-79% XA: 89.787

TradeChartPatternsLikeThePros Updated 

Greetings, traders! Today, we're spotlighting Tesla, Inc. (TSLA) and delving into a technical analysis anchored by the ABC Bullish Pattern. Technical Overview: - Chart Formation: TSLA's daily chart showcases an ABC Bullish Pattern, a pivotal structure in technical analysis. ABC Pattern Explained: 1. A to B Leg: This initial phase, in the context of our bullish...

TradeChartPatternsLikeThePros Updated 

Hello, traders! 👋 Welcome to another technical analysis. Today, we're taking a closer look at SPY. The chart illustrates a symmetry AB=CD pattern, which appears to be bullish on its daily chart. The price has reached an important support level at "D" 422.30000. The strategy is straightforward: we will buy above the entry level (EL) at 427.10000 with a confirmed...

TradeChartPatternsLikeThePros Updated 

Hello Traders👋, and welcome! Today, we are having a look at indices. The NAS100 chart on the daily timeframe illustrates an AB=CD bullish pattern. This pattern exhibits perfect symmetry in the swing from AB to CD. As we can see, the price has broken above the long entry level (EL) at 14677.2, indicating a possible bullish scenario. Stops are set below point D...

TradeChartPatternsLikeThePros Updated 

Hello Traders! Let's Have a Look at GBP/AUD Presenting a Great Trading Opportunity The GBP/AUD pair is showcasing a promising trading opportunity. On its hourly chart, it has formed a symmetric ABC bullish pattern, which is a strong indicator of a potential upward trend. Here are the trade details: The price is trading above the entry level (EL) at...

TradeChartPatternsLikeThePros Updated 

Greetings traders.👋 Today's spotlight is on EURCAD, revealing an enticing trading prospect. After a thorough review of the daily chart, it's evident that we're witnessing a quintessential Head and Shoulders reversal pattern. The crux of our observation lies in the price's decisive move below the neckline, pinpointed at 1.42850. The price didn't just breach this...

TradeChartPatternsLikeThePros Updated 

Hello traders, and welcome to another AUDUSD technical analysis. before we go ahed with the trading set up lets dive into Rectangle channel: Rectangle channels, also known as trading ranges or horizontal channels, are common chart patterns used in technical analysis to identify price consolidation or sideways movements in financial markets. They occur when the...

TradeChartPatternsLikeThePros Updated 

Hello, Traders Today, we are focusing our attention on the AUD/CAD pair, which is presenting a fantastic trading opportunity. Upon analyzing its daily chart, we can observe that it has formed a rectangle pattern. The price has been oscillating within this pattern, bouncing back and forth between the boundary lines. Here are the critical levels to watch: - Upper...

TradeChartPatternsLikeThePros Updated 

XAUUSD has formed a rising wedge on its hourly chart. The price is trading above the EL:1921.97. Only if the price respect the moving average 50 Target 1: 1870.65