Tradingstrategyguides

Tradingstrategyguides

EURCAD made a rejection from the daily trendline and rising oil prices are going to add to the pressures. I expect EURCAD will fall from this point.

Tradingstrategyguides

H4 channel is updated. DXY is poised to make a deeper correction despite better than expected GDP number.

Tradingstrategyguides

DXY (Dollar Index) is going to fall after touching the hourly trendline.

Tradingstrategyguides

EURUSD is poised to go higher after retesting the broken trendline.

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The substantial disparity in interest rates between the United Kingdom and Switzerland is a fundamental factor that has the potential to significantly impact the GBPCHF currency pair. This pronounced difference in rates should, in due time, become evident in the pair's exchange rate. As of now, I'm patiently awaiting a confirmation of this expected price movement....

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In the daily timeframe, GBPCHF has recently breached the lower boundary of its trading channel, largely due to increased demand for the Swiss Franc (CHF) as a safe haven currency amidst the Israel-Hamas conflict. I'm closely monitoring the pair for a potential pullback, which may present an attractive opportunity to initiate a long position. The dynamics of this...

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Even in the face of unexpectedly robust retail sales data in the United States, the US Dollar Index (DXY) seems to be struggling to gather the necessary momentum for a substantial upward move, indicating a potential correction is on the horizon, with a target level of around 103.50. While today's speech by Federal Reserve Chair Jerome Powell holds significant...

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On the monthly timeframe, GBPAUD recently encountered a significant obstacle as it was decisively rejected from a crucial long-term trendline. Currently, the currency pair finds itself in the process of retesting a daily trendline. Given this price action, it seems increasingly likely that GBPAUD is poised for a substantial downtrend over the coming months. This...

Tradingstrategyguides

These different price action patterns are great for various situations. They can be identified at a Lower time frame or Higher timeframe, pick a chart and start looking at the candles! If you identify any of these in a chart you are looking at today, feel free to share them below. Here is a little more about bullish and bearish candlesticks: Bullish and...

Tradingstrategyguides

Bear Flags are a Range and they are repeatable trading chart patterns. Bear Flags are ascending chart patterns that will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle...

Tradingstrategyguides

Bull Flags are a Range and they are repeatable trading chart patterns. Bull Flags are a descending chart pattern that will have a directional bias (long) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for...

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Bull Flags are a Range that is a repeatable trading chart pattern. Bull Flags are a descending range chart patterns that will have a directional bias (Long) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait...

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Ascending Triangle are repeatable trading chart patterns. Ascending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline...

Tradingstrategyguides

Ascending Triangle are repeatable trading chart patterns. Ascending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline...

Tradingstrategyguides

Bear Flags are a Range pattern that is a repeatable trading chart patterns. Ascending Bear Flag chart patterns will have a directional bias (short) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a...

Tradingstrategyguides

Bull Flags are a Range pattern and they are repeatable trading chart patterns. Descending Bull Flag chart patterns will have a directional bias (Long Bias) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait...

Tradingstrategyguides

Bear Flags are a Ranges pattern and they are repeatable trading chart patterns. Ascending Bear Flags are chart patterns that will have a directional bias (BearishShort) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart...

Tradingstrategyguides

Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...