Hello and welcome, this will be my analysis for cadjpy. I've marked up the most important support, resistance and trendlines. The price will have a good chanse of reacting to these levels and might react as shown on my chart. I will just wait for the right patterns within support and resistance and enter. Good luck y'all!
I know it looks wierd, but it kinda looks cool too! All these lines can be seen as a potential blocade. It is currently in a downtrend and it looks like a space below where the price might be attracted to. It will be a potential down channel pattern forwards.
So CADJPY is currently showing signs of rejection at resistance and now is starting to show momentum to the downside. I will look for sells at 3 am UTC if it still shows momentum down because that's when JPY should start to kick in.
This will be my buying analysis for EURUSD. Reason why is because price broke above bearish trendline and created a structure that looks like a uptrend. But the main reason to buy is because of the lower trendline. It was respected multible times before, therefore it is now strong and will have a good chance of reaction once again.
I would say this is a pretty valid symmetrical triangle pattern, because if we go back in time we can see that it has been respected multible times on both trendlines. So right now it seems like it just respected the upper trendline and is ready to go down.
I think eurusd most likely will hava a reversal because it recently had a huge move down causing the price to most likely continue up again to keep the market smooth. If it isn't ready to calm down yet it could break below and go down for a bit.
You can see that the price recently broke below structure instead of continuing in a up trend. That means it is most likely a reversal phase and it will have a bigger probability to go down quz now we can define the trend as a downtrend. I also made a line above, if the price breaks above then it will have a higher chance of going up.
Never have i seen such a remarkable structure as we got here today. This is called a channel pattern, and we may see a break below structure and continuation untill it touches the lower trendline. We shall see what time will have to offer.
Never have i seen such a remarkable structure as we got here today. This is called a triangle pattern, and we may see a break above or below structure. We shall see what time will have to offer.
Here we got two possibilities for potential entries. I marked the most important trendlines atm so the price will be attracted and reacting on those lines. Wait for break above or below structure and see if it will make a continuation.
AUDJPY is currently in a uptrend. It will have a good chanse of going up until it hits the upper trendline. Once it breaks above the top of the pullback its in, then it will be a potential buy opportunity.
So i have gone through every jpy, aud and nzd charts and i ended up with USDJPY as the best looking pattern. I have marked two potential trendlines that can be used to buy, they are both strong level and the price will have a good chanse of reacting bullish.
So this is my priceaction analysis on weekly timeframe on GBPUSD. It seems like the price could potentially reverse at support level, create a double bottom pattern then go up to the trendline at least since it's been respected multible times before, and then finally for the end of this analysis i think it could go back down to the double bottom breakout zone.
Just took a quick look over a few pairs and i found a good looking pattern called barrier triangle. You could potentially buy up until the last breakout zone, then potentially sell down after if it doesn't break above the pattern.
I feel like this could be a good buying opportunity because, in lower timeframe it just broke out from a double top / triangle pattern.
So i think this could be a good idea. You see it is still up and strong. It just broke above a structural high if it repeats it self by breaking another high then it will have a good chanse of going up up a few pips.
As you guys can see here, we got a strong support and resistance. The highest probability is for it to go up to resistance and down to support. Wait and see if it creates the right market structure and sell if it starts to go down, buy if it goes above and it's not a fakeout.
Hi guys, this is simple ananysis. You see the price broke above the trendline which has been respected multible times. Now that it broke above and it gives a good indication for a continuation up. It's now down at support which will be the best place to look for buys. The price will have a good chanse of going up the resistance marked above.