At the moment, price seems to be creating lower highs & lower lows. In addition, price seems to be following a downwards trend line on the 4H timeframe. With this, I’m expecting price to continue bearish until it reaches either the 1.88000 area or the 1.82400 area.
From what I can see, this pair looks to be in a bullish symmetrical triangle on the 1H timeframe. With this, I’m expecting the price to go up and visit the resistance area of 144.750.
By the looks of it, this pair seems to be continuing its strong bullish trend. With this, I’m expecting the most recent break & retest will result in price continuing its bullish trend to the resistance area of 1.06032.
From what I can see, there seems to be a possible head & shoulder pattern on the 1H/4H timeframes. If the falling wedge pattern holds on GBPJPY, (since GBPJPY & EURGBP have a strong negative correlation) we could see EURGBP become bearish and reaching the support area of 0.85900.
From what I can see, there seems to be a falling wedge pattern on the 4H timeframe. With this, I’m expecting price to continue bullish until it reaches the resistance area of 172.000.
From what I can see, price seems to have formed an ascending triangle on the 4H timeframe. If that’s the case, I’m expecting price to become bullish, with the aim of test the daily resistance area of 1.17000.
From what I can see, there’s a possible W pattern on the 1H timeframe. If that plays out, it would create a falling wedge pattern on the 4H timeframe. If the falling wedge pattern plays out, I expect price to visit the resistance area of 1.74000.
A few days ago, I posted an idea about this pair being bullish if it broke the falling wedge pattern. Since that happened, this will be a continuation. From what I can see, price has made somewhat of a clean break of the resistance area. Suggesting to me, the bullish momentum is going to continue. With that, I’m expecting a break & retest before a bullish...
From what I can see, there seems to be a possible bullish triangle forming on the 4H timeframe. If that’s the case, I’m expecting price to break & retest before continuing to the next resistance area of 1.50300.
From what I can see, there seems to be a possible falling wedge pattern on the 4H timeframe. If price breaks the wedge and the triangle to the upside, we could see a bullish continuation to the resistance area of 1.92200
From what I can see, there seems to be a possible cup & handle pattern on the 1H timeframe. Before market close, price was retesting the resistance area of 1.44600 a third time, with the first two being unsuccessful. By the looks of it, price has opened higher, suggesting the resistance area will possibly be broken, allowing price to test the next resistance area...
Something to look out for! From what I can see, there seems to be a possibility of a head & shoulder pattern on the 4H timeframe. The resistance area of 0.70500 seems to be a key area of interest. With that, I’m expecting that area to be my entry point.
From what I can see, price looks to be consolidating between the resistance area of 1.32800 and the support area of 1.29700. After price recently rejected the resistance area, it started selling off. With the sell off, price looks to be in the process of creating a head & shoulder pattern, which would continue the bearish momentum.
From what I can see, price has finally broken through the resistance area of 1.02700. With this, I’m expecting price to become bullish if it can also break through the resistance area of 1.03700.
Something to keep an eye on. From what I can see, price had previously been respecting the resistance area of 1.10850 before breaking through and retracing back underneath it. Now price has broken clean through the area once more, there’s a possibility of a break & retest before a bullish continuation to the next resistance.
From what I can see, the bearish momentum is strong with this pair. With the support area of 131.500 being broken, I’m expecting a retest of the broken area before price continues down to the new support area of 126.600.
From what I can see, this pair has rejected the resistance area of 1.74500. With the rejection, price has also broken through the ascending trend line on the 4H timeframe. After this break, I’m expecting a retest of the trend line before a bearish continuation to the support area of 1.72200.
Front what I can see, this pair seems to have created a break & retest pattern on the 4H timeframe. This is after price tried to break the resistance area of 0.67100 numerous times and failed. With this, I’m expecting price to continue its bearish sentiment all the way to the support area of 0.65150.