Bennett95

Bennett95

CADCHF presents an intriguing opportunity for short sellers as it forms a classical head and shoulders pattern, an elegant harbinger of a potential bearish phase. The pair has recently broken out from a persistent upward channel, further buttressing the case for a downward shift in momentum. The formation of the head and shoulders pattern is as precise as it...

Bennett95

Large Channel Formation: EURJPY has been trading within a well-defined large channel, creating a clear pattern of support and resistance levels. Resistance Zone: The currency pair has reached a major resistance zone, which has proven to be a significant barrier in the past. This could lead to a potential reversal and a move towards the lower boundary of...

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In this trading idea, we'll explore the reasons why we believe that GBPUSD presents a potential short opportunity. The pair has recently broken out of a strong trendline and is now retesting a significant resistance zone, suggesting a bearish reversal could be on the horizon. The GBPUSD has experienced a notable breakout from a key trendline that has served as a...

Bennett95

USDCAD has reached a critical trendline resistance zone and a historic resistance level, setting up a potentially lucrative short trade after completing an ABC pattern and forming a bullish flag. Strong trendline resistance zone: USDCAD has reached a major trendline resistance zone that has been respected multiple times in the past. The price has consistently...

Bennett95

In this trade idea, we analyze a significant breakout and retest of a strong trendline on the EURJPY currency pair, indicating a potential shift in momentum to the downside. The pair is also facing a crucial resistance zone, further supporting our bearish bias for the long run. The EURJPY has recently broken through a long-standing trendline, which has acted as a...