Possible flag pattern on EUR/USD 4 hour chart. Growing volumes should confirm the long scenario. Entry point just above the breakout of the descending trendline. First resistance level at 1.187 area; in case of brakeout towards 1.2
GBP/USD 4H Chart: Channel Up
The British Pound is advancing against the American Dollar simultaneously in senior and junior ascending channels, where the latter represents a rebound of the currency exchange rate from the lower trend-line of the dominant formation.
In the last hours of Monday’s trading session the pair made a second rebound from the...
AUD/JPY is going down on the 4 Hourly chart based on fundementals. Technicals support it, as it crosses through our set Entry Point around 87.859.
Traders are adviced to Take initial profit TP1 around 87.052
and set another trade open with a TP2 of 85.794
USDJPY after it broke box range dropped all the way down filling the gap @ 109.50 as we know gaps serve as support in this case.
If price breaks below gap support the next target is 108.50
Hello friends,
We have 2 possible moves, so we expect the trend break to confirm the bearish movement, or wait for the rebound in the support line to confirm the bullish move. It is only to wait for either of the two conditions to be met to know which side to operate....
I’ve been keeping my eye on an advanced pattern formation that began forming on 4/10/2017 following a 70% retracement of a previous bear trend that lasted about 8 days. It was unclear if this was indeed an advanced pattern until price formed a BC leg, this occurred when price bounced off of previous resistance around 1.065 and then found support at 1.06. The...
Coupled with RSI and MACD, I have drawn the support and resistance line for confirmation. During the asian session, EUR may rise to 1.068 range or slightly higher. From there take a sell trade and set your stop loss at 1.07208 and TP at 1.06038.
![AUDUSD: AUD/USD [4H] Supply Zone](https://s3.tradingview.com/1/19iy8WBG_mid.png "AUD/USD [4H] Supply Zone")
