A friend of mine notice a double top formation in the currency pair AUDJPY. After taking a look, I confirmed that it is indeed a Double Top formation. I placed my short position @ 75.077, but I recommend you all to enter at the @ 74.808, because that's the proper way to trade the Double Top pattern. Reference to Forex Chart Patterns: www.forexboat.com
Using Market Structure, EURNZD has formed a Bullish Expanding Triangle Pattern. I see a swing short position in the resistance zone area of 1.82911-1.82391. After predicting that price will fall, it will complete the pattern around the price area of 1.74219 thus reversing for a long position. I've already entered for a short at entry price of 1.82362 and set a...
Using Market Structure, EURNZD has formed a Bullish Expanding Triangle Pattern. I see a short position in the resistance zone area . Completing the pattern around the price of 1.74219 and doing a reversal for a long position.