As you can see the chart has already formed the left shoulder and the head. If you kept an eye on the British pound currency Fundamentals, the news tells us that Great Britain is currently on a no Brexit deal which means that gives us our "WHY" to sell the pair.
Disclaimer:
Trade at your own Risk!
Hello guys, in this currency pair we have seen the end up of an uptrend after the price breached the support trend line of this wedge. the pair is not moving in my favour yet but i believe the price could retest at major resistance. if that does happen, i am going to short this pair once i see a candle formation which indicates that its time to short.
we can see that the price is struggling to form a new high and we also see a clear double top.
You are still welcome to place this position but remember to manage your risk and mark your stop loss!
USDCHF is not a pair i usually trade but in my analysis we can see there's an incomplete double top so i expect the right arm of the pattern to be completed on the major support level.
As you can see the pair has respected the support trend line zone therefore we are looking forward to see a continuation of the uptrend. we are still waiting to so see if the market will break through the resistance line as a confirmation. Always remember that our job is not to predict the market, We RESPOND. Lets Win!
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The market has broke through the channel and the price also retested on the previous resistance trend line to form a new support zone as the market respected the new support zone. we can clearly see where the double bottom pattern has formed and now we are waiting to possibly see a new uptrend.
as you can see i have drawn the H&S pattern onto my chart because the price respected the neckline and price is currently floating around the price of the left shoulder. if we look into 1 hour time frame, there are visible signs of price losing its strength and also getting weaker. in this scenario i thought it was best to execute in the 2 hour time frame because...
We see a clear downtrend parallel channel including a double bottom on the support line. The sharks have provided us with perfect hints which brings us greater decisions to predict where the market is going to move next. just keep it nice and simple :)
If you look at my previous GBPUSD analysis, we can see that the market failed to break through the resistance and continued as a short downtrend. i have drawn new support and resistance zones so i can identify what direction the market could possibly move. If the market respects the Support line and closes higher than the previous low,that would indicate that the...
If you look close ahead you can see that there is an inverse head and shoulder pattern. We are waiting for a breakout to confirm that the price will reverse.
Disclaimer:
Trade at your own Risk!
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we can already see that the chart has formed the left shoulder and the head but yet has not completely formed the body of the right shoulder. This is a high potential sell but please make sure you keep up with the British pound Fundamentals. This is analysis is known as the head and shoulder chart pattern.
Disclaimer:
Trade at your own Risk!
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A doji has performed which gives us a confirmation that there is high potential for a price reversal. In addition its best to wait for the next hourly candle to close as it will give us an extra confirmation and more confidence.
Sell at Market Execution
Disclaimer:
Trade at your own Risk !
Instagram ~ Nadirfx
We are waiting to see if the price will break through the resistance line to confirm that this pair will perform an uptrend.
Disclaimer:
Trade at your own Risk !
A False BREAKOUT has occurred on the EURUSD pair. The pair has failed to break through the support line which strongly shows that the price is very likely to swing to perform a new high.
Disclaimer: Trade at your own Risk!!
