USDCAD shifted bullish right after the break of the lower high at 1.33345. We have a retracement for a possible continuation of the bullish trend. We will be looking for entries on the 1H timeframe once we have a breakout of the bullish flag pattern
USDJPY is bearish and looking for selling opportunities overall.
Hi traders, welcome to a new trading week, on USDJPY 1D timeframe, we are looking for a break of the correction phase to complete the bearish flag pattern
On USDJPY, we are on a bearish trend which indicates sellers existence in the market. Price is currently retracing to a resistance level correctively in a channel which was a support at 138.00. We will look for shorts once the channel breaks with some sellers momentum
GBPUSD has shifted from bullish to bearish on the 1D timeframe. We had an impulsive break of the support and retesting now correctively which is creating a bearish flag.
On EURJPY, we have price correcting after an impulsive move, we will be going short if price breaks the bearish flag to continue its trade
On GOLD, we have price at the supply zone with a rising wedge which is a reversal pattern. Lets see how price will play out on the lower timeframes
Hi traders, we have a bullish flag on Gold so we are in for a buy
Hi traders, lets take a look at GBPUSD on the 1h timeframe. we have price on a bearish trend. After an impulse move there is always a correction phase and currently the market created a bearish flag which is a continuation pattern to the downside. we will be looking for a sell once the candlestick closes with a bearish confirmation
On US30, there is a double top formation with the break and retest of the neck line.
We can be seeing AUDJPY hitting the 90% area after identifying a bearish continuation pattern
Price moved to the resistance level with a correctively and created a double top at the third touch of the trend line. Price then shot down impulsively and currently in a correction phase . We will look for short when the correction breaks down.
Hi Traders, lets take a look at USDCAD on the H4. We have price breaking out of the correction phase and also taking out the LH which indicates a change of character .We are expecting a push to 1.38070 level
On GBPCAD, we have price breaking out of the rising wedge pattern to confirm a bearish trend and also a continuation pattern( bearish flag) which also indicates a continuation of the bearish trend
Price is in a falling wedge pattern which is most likely to break to the upside. At the 3rd touch of the trend line , we have a pattern within the overall falling wedge structure and also a possible double bottom if price breaks above the neckline
On CADCHF, price has been in a corrective phase for a while now. We have price breaking the previous lower high which is a change of character of the downtrend, we will go long with an bullish candlestick
hello traders, on AUDUSD , we can spot a head and shoulder pattern of the correction phase which signifies a potential exhaustion of buyers position and on an onset of bearish momentum.
On US30, we have an interesting price action forming. We have a breakout of the rising wedge which also caused a change of character on the uptrend. Currently price is in a corrective phase(bearish flag) which can potentially break to the downside