Structure: Flag / Horizontal channel
Plan: For the last month GBP USD appears to have been trading within a tight horizontal channel.
We can expect price to respect lower boundary and move towards the upside with TP at previous high (or 0.5 Fib Level).
Hy dear Members hope you all are enjoying our ideas and Analysis. Now we are here to discuss about EURUSD. EURUSD has Breaked the Symmetrical triangle..it has maximum Chances that it will Drop to the Price level 1.20
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We have a descending flag on the daily creating a possible continuation of the bullish trend. Within that, there holds a demand zone that is fresh with few tests. We should expect a break out to the upside.
Recent move executed on GBPNZD. An impulsive move upwards breaking structure to form a flag pole followed by a corrective pattern to form a flag.
Always look for multiple confluences to enter your trades. In this case we had the pattern itself at play as well as a potential order block and the 50% fibonacci level. A perfect scaling oppurtunity also presented...
Hy dear Members hope you all are enjoying our ideas and Analysis. Now we are here to discuss about USOIL. USOIL is exactly Moving According our Analysis. After breaking the main symmetrical triangle . It is facing a small resistance. Now it has maximum Chances that it will touch the Price level 75 Soon. Keep in touch we will update further soon.
A careful look at the chart, and you can easily see that SLP is forming a bull flag after the peak of £1.50. Compare this to the last time this happened, a similar bull flag sent this higher. It looks to be in a strong, steady uptrend for now. Waiting for the bull flag to break.
Note: Not professional financial advice. Thanks and GLTA.
A flag battern formed on D fram, witha big bearish harmonic battern on W fram.
Any close below the lower line of the flag takes the pair to the target shown by the big arrow.
Refer to the other analysis on the shorter time frame.