An ascending channel is a chart pattern in which the price of an asset is rising within two parallel trendlines. This pattern typically signals that the price is likely to continue rising, and suggests that traders should consider taking a short position, or selling the asset, if the price breaks out of the channel. In this case, the AUDNZD price broke out of the...
We saw NZDJPY Long Because, NZDJPY Breakout Descending Channe.
We saw CADCHF Short Because, CADCHF proper Breakout Ascending Channel.
The GBPAUD pair had been trading in a descending channel for some time, and recently broke out of it. The pair also retraced 50% of its previous decline, making it a good candidate for a long trade. The near-term outlook for the pair looks bullish, making it a good opportunity to go long.
We saw AUDCHF Long Because AUDCHF Moved in Ascending Channel, and AUDCHF Bullish Trend, so we decided to Buy AUDCHF. We set our entry point at XXXXX, our stop loss at XXXXX and our take profit at XXXXX. We chose these levels based on the support and resistance lines of the ascending channel, as well as the bullish trend of the currency pair. We will monitor the...
The EURCHF is a currency pair that is composed of the Euro and the Swiss Franc. When a symmetrical triangle is seen in this pair, it typically indicates a continuation of the current trend as the triangle is a continuation pattern. When the breakout of this triangle occurs and is confirmed with a 50% retracement, it gives a strong indication that the current trend...
We saw EURJPY Long Because EURJPY Make Invert Head and Shoulder pattern.
We saw NZDJPY Long Because NZDJPY Moved in Descending Channel. And make Double Bottom.
We saw CADCHF Buy Because, CADCHF moved in Ascending Channel.
We saw AUDCHF Short Because, AUDCHF Moved in Ascending Channel or Bearish Trend Follow.
We saw NZDJPY Short Because NZDJPY Moved in Descending Channel.
We saw USDJPY long Because USDJPY Follow the Descending Channel and Bullish Trend Follow.
We saw CADCHF Long in 4H Time frame Because, CADCHF Descending Trend Line Breakout or Make Double Bottom.
We saw EURAUD Long Because EURAUD Follow The Descending Trend Line.
GBPUSD Short Because Ascending Channel Breakout Now starting Bearish Trend.
XAUUSD Short Because Gold Move in Rising Wedge . Based on Supply and demand, mode for long run/term.