GBPJPY is showing a lot of signs that it will continue lower. With prices failing to break the downwards trend line, and a breaout on a pennant formation. This is giving me some strong confirmation that the pair will head lower
EURAUD created a Pennant pattern and a breakout to the upside. Let's see how it goes.
Possible gartley pattern and bullish pennant. This market prediction is just my opinions. If you agree hit the like button, or you can share your view.
Price made a higher high on the 4 hour last week that stalled into Daily resistance (.6845-.6870.) I'm looking for price to put in a higher low without putting in a lower low. See the blue curved line. This would tell me we could have a potential breakout of Daily resistance. It could make a pennant formation. If price breaks below and closes below the current...
A clear triangle can be seen forming on EURUSD. Prices can go either direction, but my bet is that it's going to go lower. Trade safe and play the breakout/
Hi Guys, Another pennant formation showing on the USDCAD, long term price shows a downtrend (4H TF) and price is trading in a channel. If you don't know what is a pennant pattern, please check it out on the web. Lets see if the next FED meeting will push this pair higher and break out. A good idea will be to buy at the break out +20 pips entry. This will show...
I'm looking for price to pull back into the first test of a Drop-Base-Rally on the 60 min. Price is also forming a Pennant pattern. Price has been pretty bullish the last two weeks. I'm looking to get long around 1.1095, stop at 1.1065, and I'm looking to take profits around 1.1315. Good luck trading out there.
If price makes a move beyond SR zone, I placed a buy stop for a 1:2 RR ratio trade
Possible long opportunity when price bounces off the SR zone for a conservative long position with a good 1:2.6 RR ratio
Gold is still very bullish. With a broken pennant formation in the upside direction, I expect the pair to reach approximately 1253.98 from this point on. But I want to also state that gold might drop a little to retest the trendline before moving higer.
The break of bullish pennant brings gold on the higher price level and creates new potential strong resistance. The price will likely retrace on 1.618 of XA as it forms crab harmonic pattern. The target of harmonic pattern conjuncts with pennant target, and finally will complete rising wedge pattern. The current state is on excessive phase, the price was going up...
On FX:EURUSD , the market not trending on hourly chart. The price formed triangle (it can be pennant in the 4H bars), it means not bears nor bulls are in control the price. It is consolidated and we have to wait the perfect moment to see who gets the control and trade on their side. In this point, wait for the breakout confirmation and then...
Penant has formed in Gold. Breakout above 1230 should be followed by a swift move to $1336 COMEX:GC1!
We need to see the break to confirm this pattern.
A clear pennant formation is formed on the 1hr chart of gold. We can expect the pair to go lower to around 1190.00 before making its next if it goes down as expected. Keep an eye out for this and trade carefully.
as we could see the price is going in a direction of forming a pennant pattern we could go long when the price hit 1.39085 so we could make sure is not turning down