A nice harmonic pattern on the daily time frame should give us a bullish GBPJPY.
One more up move is expected before this bullish sequence is finished. We have made a contracting flat and the evidence suggests we will likely break the current high.
CHFJPY is completing a sharp rising wedge structure that will likely result in breaking it to the downside.
Price is going to move up in 3 waves and then it's going to go down.
There has been a bearish shark harmonic pattern on the weekly chart since late November 2017 and price looks like it's going to retest that area soon which is going to be a possible shorting opportunity that could last from medium to long term. If the price is rejected from that area we know that it's still under the influence of that bearish harmonic shark...
We have a possible bullish butterfly on a weekly time frame.
A beautiful bearish bat on the weekly time frame. This is going to be an excellent selling opportunity. Strong CAD ahead.
A bullish shark formation on GBPUSD 4H time frame.
EURCAD tested the above shown resistance at least 3 times and it failed to break through. I expect a strong CAD and a weak EUR in the future. This can also be regarded as a long term trade (several months) but it's also a great short-term entry.
EURJPY tested the above shown resistance three times and usually if on the third attempt price fails to break the resistance a trend change is likely to occur. This is a high probability reversal pattern. I expect a strong JPY in all currency pairs.
Price made a lower high and couldn't test the previous high which is a sign of weakness. If price breaks through the neckline we have a valid Adam and Eve double top pattern.
A bearish shark pattern on the 4h time frame in the confluence of a H1 bearish butterfly.
There might be a potential inverse H&S pattern forming though price has to break out of the neckline first.
We have tested the current support three times and price hasn't been able to break it which indicates a possible retracement. We might see a retrace in GBPUSD to the double top neckline area which will act as possible resistance and will be a good area to look for bearish evidence.
Recently we've seen weakness in both GBP and AUD and after an uptrend GBPAUD was stuck in a range for the past two months. A triple top is a high probability reversal pattern which usually indicates a trend change. Supportive of this idea is also the fact that AUDUSD is very close to an important support level.
A possible buying opportunity at the previous broker resistance which might become support.