CADCHF is showing major support levels, there's been 5 times that this has happened and every time it has hit a support level, it goes up a lot. Hopefully it will hit T/P
XABCD pattern shows the downtrend of the market and I used the 4 hr timeframe to add arrows to be in line with the XABCD analysis.
This shows to follow the XABCD pattern with the possibility of going long due to the previous resistance now being formed into a support line that has been retested by previous candlesticks and I am positive that it will rocket up. Also there can be a short term as well because the pattern needs to reverse trend in order of the flow to continue. Once it touches...
It follows a XABCD pattern which shows a consistent pattern with no breakage of pattern. Taking T/P at 566.2 pips hopefully and S/L as 147.1 pips as a market order.
Everything is analysed on the currency pairs. Please check this and see if it gits your analysis. Thank you.
Looks like the swing highs and lows are all following a descent pattern or some sort of channel. Hoping that another swing high happens so I've placed a limit order with a considerable enough stop loss and a big take profit however, once price hits take profit, it should bounce back up due to previous support level and that the trendline shows lots of support...
Dash trendline seems to be showing a slight ascendance to the profit hopefully + previous support shows a massive long term setup if it moves with the pattern. Both support and dashed trendline seem to be in correlation with each other. OR We can wait for the market to retrace onto the bold trendline in which should give us a deeper profit goal.
Price could retrace back because it touches the resistance line many times and it is appearing to retrace back quite a lot due to many swing highs and less swing lows.
Touched multiple support lines and is following a pattern as well.
I believe the market will retrace back to the previous support line because it going in long upward channel. Looking at the previous bars, we can see that the support line was once a resistance line several times. Last time the market hit the support lone, it shot up quite considerably so I can safely assume it will do that again because markets like to follow a...
Hitting a pattern which has touched another support line within the pattern. Take profit, market order and stop loss have been places to show you where I've entered in the market. Take around roughly 400-500 pips.
It looks like both the trendline connects to higher lows to create an uptrend and it's been hitting the support line couple times as well as pointed out in arrows. Two places can be used for take profit because the red trendlines make a upward channel which could predicted a higher yield of profit making.
Hi, Update from the previous 4 hr chart of USD/CHF. On the 1hr chart, I have found a short potential. Reason being was that it created a pattern of touching the resistance three times which gave a clear and concurred indication.
Prices have entered this bearish pattern form emerge. Hopefully it should the go down around the 0.94 area and spike back up to Take Profit. Pretty simple setups, if you want, you can go sell short and wait for it to spike up and buy or go through the traditional route which is to wait and buy at supposed spike.