TradeChartPatternsLikeThePros

TradeChartPatternsLikeThePros Updated 

CHFJPY has formed a symmetry ABC bullish pattern at the 61.8% retracement and is trading above the long entry level EL: 158.774. ST: 158.377 target zone 1: 62% AB: 161.252 79% AB: 162.004 target zone 2 127% AB: 164.170 162% AB: 165.692

TradeChartPatternsLikeThePros

Hello traders! Today, we're diving deep into GBPUSD, which is showcasing a promising trading opportunity. On its daily chart, GBPUSD has carved out a classic price action reversal pattern: the inverse head and shoulders. Following a decisive break above the neckline at 1.24340, the price retraced to 1.25913. Capitalizing on this momentum, we've placed our long...

TradeChartPatternsLikeThePros Updated 

Hello Traders and Welcome, Today, we have an exciting trading opportunity on GBPUSD. The price has shown interesting behavior around the levels of 1.2800 and 1.2600. By connecting these rejection points, we can draw two parallel lines above and below, forming a support and resistance zone. Now, let's unlock the vault and explore the patterns that GBPUSD is...

TradeChartPatternsLikeThePros

📢 **Hello Traders!** Today, we're turning our attention to the CHFJPY currency pair, which is flashing some interesting signals for potential trading opportunities. On its hourly chart, CHFJPY has carved out a rectangle channel pattern. The price has been oscillating between the upper trend line, set at 166.594, and the lower trend line, marked at 164.420. This...

TradeChartPatternsLikeThePros

📢 **Hello Traders!** Today, we're diving deep into the EURCAD currency pair, which is showcasing a fantastic trading opportunity for all of us. On its hourly chart, EURCAD has beautifully sculpted an inverse head and shoulders pattern. And guess what? The price is currently breaking above the neckline, which is set at 1.47201. This is a clear indication of a...

TradeChartPatternsLikeThePros Updated 

**Hallo traders!** 🌟 Today, we're diving deep into the EURJPY hourly chart, where an intriguing AB=CD bearish harmonic pattern has caught our attention. **Key Observations:** 1. The price is currently hovering below our short entry level (EL) at 158.378. 2. We've set a tight stop-loss (ST) at 158.577 to manage our risk. **Profit Targets:** - **Target 1:** The...

TradeChartPatternsLikeThePros

Hello, Traders! 📈 Today, we're diving deep into TSLA's chart, and I'm excited to present a compelling trading opportunity based on a well-defined Rectangle Channel pattern. 📘 About Rectangle Channels: Rectangle Channels are technical patterns formed by two parallel trendlines—support and resistance—that the price moves between. They represent periods of...

TradeChartPatternsLikeThePros

Greetings traders, I trust you had a fulfilling weekend, and to our British colleagues, enjoy the added day of respite for the UK Summer Bank Holiday on August 28th, 2023. As we approach Monday, August 28th, 2023, we should anticipate a potential reduction in trading volume due to the ongoing holiday. However, let's remember that trading opportunities will...

TradeChartPatternsLikeThePros Updated 

EURUSD has formed an advance harmonics pattern AB=CD Bullish Pattern on its hourly chart. The price is trading the long entry-level EL: 1.62088. ST: 1.61326 Wall: 38% AD: 1.63821 Target1: 62% AD: 1.65408 79% AD: 1.66495 Target2: 127% AD:1.69630 162% AD: 1.71900

TradeChartPatternsLikeThePros Updated 

EURAUD has formed a price action reversal pattern double top on its hourly chart. The price is trading the Neckline Breakout: 1.63521. ST: 1.64324 Targets 127% AB: 1.63079 162% AB:1.62503 227% AB: 1.61437 262% AB: 1.60855

TradeChartPatternsLikeThePros Updated 

AUDJPY has formed an advance harmonics pattern 121 Bearish on its daily chart. The price is trading below the short entry level EL: 94.865. ST: 95.856 targets 100% XA: 89.947 79% XA: 91.205 62% XA: 92.196

TradeChartPatternsLikeThePros Updated 

Hello, fellow traders! Let's take a look at GBPUSD, which is currently presenting an interesting trading opportunity. GBPUSD has formed an advanced harmonic Gartley bullish pattern on its hourly chart. This pattern suggests a potential bullish reversal in the pair's price action. The Gartley pattern is a harmonic trading pattern that helps traders identify...

TradeChartPatternsLikeThePros Updated 

EURGBP has formed a price action reversal pattern head and shoulders on its daily chart and the price is trading below the Neckline Breakout: 0.87315. Targets: 62%: 0.85635 79%: 0.85191

TradeChartPatternsLikeThePros

The trading landscape in the 21st century is characterized by a revolutionary fusion of cutting-edge technology and financial acumen. As the accessibility of trading increases, traders wield a versatile suite of tools that encompass chart patterns, Fibonacci retracements, Andrews' pitchfork, and the Zig Zag indicator. This in-depth exploration delves into the...

TradeChartPatternsLikeThePros

Before we delve into the double bottom analysis, I want to take a moment to express my immense gratitude to lucemanb for his exceptional creation of the zigzag indicator. This remarkable tool has become an integral part of my daily trading routine, aiding me in identifying critical price points and potential reversals. Additionally, I must extend a heartfelt...

TradeChartPatternsLikeThePros Updated 

Hello traders, today we will delve into three types of triangles, which are significant chart patterns providing valuable insights into potential market movements. Understanding these patterns can play a pivotal role in making well-informed trading decisions. Let's explore each type and learn how to identify and interpret them effectively. **1. Symmetrical...

TradeChartPatternsLikeThePros

In the dynamic world of financial markets, successful trading demands more than just a basic understanding of price movements. Chart patterns are the secret weapon wielded by seasoned traders to decipher market psychology and forecast future price directions. From the simplicity of triangles to the complexity of head and shoulders formations, these patterns offer...

TradeChartPatternsLikeThePros Updated 

GBPAUD has formed an Cup and handle pattern on its daily chart. The price is trading above the Breakout: 1.82760. ST: 1.81739 Targets: 62%: 1.89300 79%: 1.91032 100%: 1.93353 127%: 1.96154 162%: 1.99802 William J. 0’Neil developed and popularized in the 1980s the Cup and Handle pattern. Cup and Handle patterns are continuation patterns, and they usually form...