Chathifriends

Chathifriends Updated 

Bullish W pattern is expected to be formed on H1 and is bullish for the pullback on D1. Long entry can be made on pullback. Happy trading!

Chathifriends

EUR USD has created a descending megaphone pattern in D1 TF. It is likely that at some point the price will break the pattern and will reverse gear into a long-term up-trend. I am anticipating another bounce at trendline before this happens. The next time you are swinging long EU. You might want to hold and see if the price breaks the pattern. You might be in for...

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Based on pure price action. GU has broken the trendline and is now in a bearish trend. Let me know what you think in the comments. Happy trading!

Chathifriends

AU has created a rising wedge and broke the trend line indicating a reversal to a bearish trend. This analysis is based purely on price action. Goodlyck!

Chathifriends Updated 

GU has created a rising wedge and broken the pattern. I believe it will drop from here and bounce at the support level to continue its longterm uptrend bias.

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CHF JPY has created a bearish inverse cup and handle. If you zoom in to H1, it has also broken the trendline. A continuation of the bearish trend is expected.

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AUD being a strong currency today is poised for an uptrend. A falling wedge pattern has been broken and divergence can be seen on the RSI. Very bullish in my opinion.

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GJ has formed a head and shoulders pattern. With a double top. In addition at 1 hour chart it is showing a bearish momentum. If price goes below the double top it is all downhill from there. Analysis is made purely by price action. Choose your entry wisely and take profit accordingly.

Chathifriends Updated 

Falling wedge is formed and we can expect a bounce at the resistance level.

Chathifriends Updated 

Pattern has completely formed head and shoulders pattern and broke the neck. Almost risk free trade. Price may go up slightly before going down. This analysis is based purely on TA. Choose your entry wisely. Low risk high reward. What else can you ask for?

Chathifriends Updated 

This is a short idea for USD/ZAR. Reaching the apex of a rising wedge. There is a high possibility of a breakthrough on the lower wedge pattern.

Chathifriends

This is a short idea on GBP AUD. Head and shoulder pattern completing the formation. You may enter with a slightly higher risk to reward or wait until it breaks the neckline for entry confirmation.