NZDJPY has formed a tripple top price pattern with an ascending wedge pattern. The key reversal gives a good risk to reward ration to the down side.
GBPNZD Double top and the recent rounding top is suggesting the least path of resistance is lower. The key reversal gives a good risk to reward ratio as its suggesting where prices wants to head to.
USDCHF has for a Double Top price pattern which suggest that prices may drop to the downside. The appearance of an inside day bar suggest a coiling which when released will catapult to a significant move in the direction of the price pattern
Double Bottom EURCAD... Penetration above the narrow range bar may open up higher prices
Head n shoulder double top bear price pattern on USDCAD... Penetration below the low of the inside bars will open up lower price levels.. SELL STOP @ 1.2652 STOP LOSS @ 1.2761 TAKE PROFIT 1 @ 1.2490 TAKE PROFIT 2 @ 1.2290
AUDJPY pair formed inverse head and shoulders and drove the pair to higher prices... We have a recently forming double bottom even though not yet confirmed as it has to break the neckline for confirmation.. We are therefore suggesting a long order in anticipation of higher prices.
Double Bottom in play... Penetration above inside bar may open up higher prices.. Buy Stop @ 0.9293 Stop Loss @ 0.9220 TP@ 0.945
The recent dollar strength will probably continue into the month ending with FOMC on schedule.. With that in mind and looking at the pattern on GBPUSD, we expect prices to continue their downward trajectory within the double top formation on both the weekly and daily charts. Penetration below the low of the inside bar around 1.3635 region will plunge price towards...
This pattern caught my attention and want to share.. Penetration of the high of the inside bar will open up higher prices.
Penetration of the high of the key reversal bar will open up higher prices
Flight to safety is boosting the dollar, making it strong. The governing head and shoulder price pattern is propelling price to the upside. Penetration of the high of the inside bullish pin bar will open up the next resistance around 111.35
Breach of neckline will target 0.679
Penetration of the low of the key reversal will open up 1.35
Potential turn around in AUDUSD.. breach of neckline will lead to drop in price
The Double Bottom formed is showing the future trajectory of GBPNZD will be higher. Breach of the high of the recent formed inside bars will propel the pair to the moon.
Price pattern: Double bottom showing higher prices with key reversal pointing to the direction of the trend