Chathifriends

Chathifriends

CHF JPY has created a bearish inverse cup and handle. If you zoom in to H1, it has also broken the trendline. A continuation of the bearish trend is expected.

Chathifriends

AUD being a strong currency today is poised for an uptrend. A falling wedge pattern has been broken and divergence can be seen on the RSI. Very bullish in my opinion.

Chathifriends

GJ has formed a head and shoulders pattern. With a double top. In addition at 1 hour chart it is showing a bearish momentum. If price goes below the double top it is all downhill from there. Analysis is made purely by price action. Choose your entry wisely and take profit accordingly.

Chathifriends Updated 

Falling wedge is formed and we can expect a bounce at the resistance level.

Chathifriends Updated 

Pattern has completely formed head and shoulders pattern and broke the neck. Almost risk free trade. Price may go up slightly before going down. This analysis is based purely on TA. Choose your entry wisely. Low risk high reward. What else can you ask for?

Chathifriends Updated 

This is a short idea for USD/ZAR. Reaching the apex of a rising wedge. There is a high possibility of a breakthrough on the lower wedge pattern.

Chathifriends

This is a short idea on GBP AUD. Head and shoulder pattern completing the formation. You may enter with a slightly higher risk to reward or wait until it breaks the neckline for entry confirmation.