forexwithfred1

forexwithfred1

Price has touched resistance of trendline. Shorts are validated

forexwithfred1

Analysing the 4H chart on EUR/USD has given the indication that price is on the rise to reach the peak of the trendline for the fourth time

forexwithfred1

Descending triangle chart pattern set-up is about to form, Price has touched the declining trend line for the third time and is starting to reach its end. As of right now price has been consolidation for the past week on the 1Week Timeframe support level ⁣⁣ Fibonacci retracement shows price touched 0.5 fib level and has been downsides ever since. Price is...

forexwithfred1

This is a perfect setup of for chart patterns! Left shoulder, head and right shoulder has formed price has dropped to the neckline. Price may break through neckline or bounce off as a correction then break through. Resistance is found @0.71750 whereas Support is located @0.70179 which is also found at the 50.0 fib level. This validates the neckline of the head...

forexwithfred1

USD/CAD to reach weekly resistance due to strong bullish trend Bullish engulfing candlestick shows bullish sentiment reaching trend line resistance Previous bullish engulfing showed strong bullish breakout Daily support has been retested once again Price has bounced off 0.382 level and has broken through 0.5 fib level