Contraction leading to double bottom and a key support level. Expecting a bullish move.
In this speicfic chart, EURMXN has a perfect buy reversal setup with a contraction and 3 Lower Lows within the contraction. This is 1 of the 3 patterns we trade in the PipsMatter community
Trading GBPJPY up. Price action is at 23% support of recent high and low.
Trading a contraction reversal on EURGBP and targeting a 3.8 Risk/Reward
Shorting SPX. Compelting 3rd HH within the bearish contraction.
Taking GBPUSD long, expecting a strong bullish reversal all all GBPXXX pairs. In this case, the daily chart has a 3 Higher Lows connected with a contraction. RR is very strong, will ride this up.
Trading a breakout of contraction which lead straight to a key resistance level. A retest of the 30% from recent high/low is on the cards.
Trading a contraction leading to a double bottom. DXY showing a reversal of the USD, which means that it will gain. Easy pips!