diamondpattern

django2

Here we have a classic by textbook diamond formation, sign of an equal power between bulls and bears, Long term the price will follow the direction of the break out in which case that direction points upwards. The macro scale of the price action also shows a bullish divergence inside a descending channel that price has been consolidating for the last couple of...

jedahs

Diamond pattern found on EURJPY along with minor break of trend, retest and resistance with a quarter point level. Look for possible sell here.