AUDUSD upcoming forecast for the upcoming week. NFP this Friday so be careful trading. I will waiting for more PA to develop before entering.
Few days ago, H&S top was spotted in this pair, Now a small inverse H&S is also spotted on the same pair. Also the neckline break wasn't sustained means a failure of the H&S pattern. Above the red line EURUSD should move up aggressively.
GBPJPY is following a small 4H channel in a big 1D channel A possible path of it is shown in the analysis it could break the channel and go with the bullish trend or it will follow the channel
Description: The counter XAUUSD is moving in the parallel channel. The movement of the price is between the price range of 1769.13 and 1960.41. Specifying a particular trend is very difficult when the counter is in the parallel channel. Today the counter has tested the support baseline of the channel and there is no indication for a breakout. The market’s...
Euro vs USD pair has a bearish January , fell down from 1.23 to 1.20 almost, Now the price level hit back to the resistance zone 1.218 area, This pair may starts to consolidate before it starts up... Analysis only for education purpose
Buy with SL of recent low for target of new high & then short from the top to the previous fourth & the second wave of ending diagonal as a target.
Price is respecting the daily Support and Trend is reversing with a pretty trend reversal pattern i.e, Inverted Head and Shoulder Pattern FX:USDCHF Most Probable Path is A
We can see an inverse head and shoulder pattern formed. The interesting part, it is consolidating near right shoulder which is a good sign for a breakout after a build up. Simple things aren't so Simple Cheers.
We can see the trend has exhausted and a head and shoulder pattern is formed. The breakdown has already happened, but wait for a retest if the SL is out of your risk limits. Cheers.
Buy with SL below the level of wave d & ride the trend for the minimum target of 81.
We are getting three confirmation here in EURUSD to short a position. 1. Head and Shoulder Pattern 2. Resistance and Support level 3. Trendline Break + Retest FX:EURUSD
We can see a clear Trendline Breakdown + RSI Divergence. We can short below 1.22149 in 4H timeframe. Always wait for candle to close and never make mid-candle decisions.
Buy with SL of 139.750 for target of 141.5
Short with SL of recent high to break the recent low
I will go LONG on AUDUSD because: The price is forming a Chanel or Rectangle Pattern . The price is also under Support/Resistance zone. It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) . Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 0.76966 Target -...