The price reached the top of the resist and with the bigger picture, the price created a Double Top pattern formation. It is expected a little retracement back to the resist, but the main movement will be downwards at least to the area marked with Take Profit. The diagonal support line is also broken and it gives as additional confirmation to enter the trade.
Head and Shoulders pattern formation is going to work out. The perfect HaS pattern previously predicted a retrace to the zone limited by the support line.
The great flag pattern is coming up. The channel is broken at the resist line and the retest is now created. We are looking a confirmations on lower time frame to enter the trade and use that great flag pattern. Take Profit unlimited :D
The pair made a great upwards movement to the resist point that connects the previous highs of the structure. Also the price now is at the 0.618 FIB retracement point with a great reversal confirmation candlesticks on lower time frame. The reaching zone, the take profit point, is also calculated by the 0.618 FIB pullback on the great upward movement
- Overall the price has been moving in a channel. Now, price is at the support line and this is confirmed by the rejection of the price at that level or zone. Previously, the price had been moving in a almost parallel channel and the support was broken with strong bearish movement. We need to wait for stronger confirmations with a bullish candle to confirm the...
- The same chart, but if the movement predicted is done, the price could create Head And Shoulders pattern formation which can confirm a stronger selling option. Ready to learn and become a profitable forex trader ? - Send me a message -Mentorship -Forex analysis provider -Signal provider
- The price reached the horizontal resist line with a strong rejection. Overall, double top is created but we can expect another double top if the price break the diagonal support and officially create retest on the both support and resist lines. With that we can get super confirmation for sell. Ready to learn and become a profitable forex trader ? - Send me a...
- The pair made a conservative movement to the resist zone with strong both bullish and bearish rejection. We should expect breakout of either resist zone or the support line. The more probable is the support line so we can expect selling opportunities Ready to learn and become a profitable forex trader ? - Send me a message -Mentorship -Forex analysis provider...
- The strong upwards movement of the GBP created a pattern formation called "flag". This indicated for strong upcoming upwards movement but we should wait for breakout of the support line and the parallel channel. Ready to learn and become a profitable forex trader ? - Send me a message -Mentorship -Forex analysis provider -Signal provider
- The price reached the probable resist line and created a strong rejection with strong bearish movement. Expected further downwards movement to the support of the parallel channel.
- The price reached the very strong resist line. With that, the price created a strong bearish candle and reached the support line of that small channel. If the support is broken, we should expect further downwards movement to the horizontal point of the previously lowest point of the strucutre. Other scenario is if the price break the resist then we should...
Breakout of the uptrend and creating the 1-2-3 move can indicate trend changing movement to the downside. If there is a break of the zone presented on the chart, we should expect further downwards movement.
Breakout and retest on the resist line can be very good confirmations point to enter the trade. Also the price has the momentum and bullish movement, so we would expect upwards movement.
Now, the price will almost created a perfect Head And Shoulders pattern. With the proper proportions used, the price may reach the horizontal line to the lowest point of the range.
The price had been moving in a range respecting the resist line. Not long ago, the price broke the resist and now created a retest to the same resist ( support ). Also there is a beautiful confirmation on lower time frame.
The gold made a great downwards movement to the lowest possible zone before it changes the trend. Now, the gold is creating a impulsive bullish move which may indicate pullback to the upward or even to continue the trending range. Also plus to that, the price reached the support from the almost parallel channel.
EURJPY The price broke the downwards trend and started creating new uptrend or sideways trend. The price touched the resist (support) and bounced to the nearest rejecting zone. If its broken, then the price will move further up, if not , price will come back to the support line and bounce upwards breaking all of the zones.