Dax 40 Germany 40Just a simple spike and channel pattern, and I'm waiting for the price to move in a trading range for a short time before the next upward movement. For now, I'm looking to take advantage of the current situation. I'll take small profits that align with the upward spikes as I try to catch the small upward movements in the lower timeframe. Hopefully, you'll make some money from this. As always, thank me later!
Freesignals
EURCAD: Time to Buy 🇪🇺🇨🇦
EURCAD will most likely keep growing.
After a correctional movement to a key horizontal support,
the price bounced and violated a resistance line of a bullish flag pattern.
The release of Canadian fundamentals also strongly support the pair.
The price may reach 1.4957 level soon.
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Gnosis Channel Pattern forming & Expecting Breakout +60% PROFITGnosis Trading within the Falling Channel Pattern and Expecting Breakout. Channel Top is the 1st Target. If Breakout above the Channel Pattern, then the market continuously reaches the 2nd and 3rd Targets. Offering the chance to make +60% Percentage Profit.
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GBPAUD: 2 Bearish Patterns 🇬🇧🇦🇺
I see 2 bearish patterns on GBPAUD.
The price formed a rising wedge pattern.
After its support breakout, the market also formed an inverted cup & handle formation.
Both patterns confirm the overbought state of the market.
We can expect a retracement at least to 1.912
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USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵
USDJPY tested a key horizontal support cluster
after a massive selloff cause by US CPI report.
I think that the pair is too oversold now.
To buy with a confirmation, wait for a bullish breakout of 158.12
- upper boundary of a tiny horizontal range on an hourly time frame.
A bullish continuation will be expected to 159.0 level then.
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EURGBP: One More Short 🇪🇺🇬🇧
After our yesterday's profitable short,
I see one more selling opportunity on EURGBP.
After a strong bearish wave, the pair started to consolidate
within a narrow horizontal range on an hourly time frame.
The release of morning's UK/EU Fundamentals triggered
a bearish reaction causing a breakout of a support of the range.
I opened one more short on the pair.
Next goal - 0.8415
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EURGBP: Bearish Move From Resistance 🇪🇺🇬🇧
As we discussed on a live stream,
EURGBP may drop from a solid horizontal resistance.
Bearish breakout of the support line of a tiny intraday range
on an hourly time frame is our strong bearish confirmation.
The price may reach 0.8446 level soon.
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AUDCHF: Strong Bullish Pattern 🇦🇺🇨🇭
AUDCHF formed a classic bullish trend-following pattern.
After a strong bullish rally, the price initiated a correction within
a bullish flag.
Its resistance violation is a strong trend-following signal.
I think that the pair may retest 0.607 - current local higher high soon.
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AUDCHF: Bullish Outlook Explained 🇦🇺🇨🇭
I see 2 strong bullish signals on AUDCHF on a daily:
bullish breakout of a key horizontal resistance and a falling trend line.
Retesting the broken horizontal structure, the price formed a tiny double
bottom pattern on an hourly time frame.
We see a clear sign of strength of the buyers now.
The pair may keep growing to 0.6055
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CHFJPY: Classic Trend-Following 🇨🇭🇯🇵
On a today's live stream with my students,
we discussed CHFJPY.
Even though the momentum is slowing down,
the pair still remains bullish.
After a test of a solid rising trend line on a daily,
we see a strong positive bullish reaction.
I think that the pair will go higher.
Goals: 179.4
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FR40 to find sellers at current resistance?FRA40 - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Pivot resistance is at 7700.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 7625 will confirm the bearish momentum.
We look to Sell at 7700 (stop at 7772)
Our profit targets will be 7520 and 7485
Resistance: 7700 / 7750 / 7775
Support: 7600 / 7550 / 7525
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EURJPY: To The New Highs 🇪🇺🇯🇵
EURJPY broke and closed above a key daily resistance.
Retesting the broken structure, the price formed a double bottom
formation on that and violated its neckline then.
That confirms a strong bullish sentiment on the market.
The price will most likely rearch 172.0 level soon.
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AUDCHF: Bearish Outlook Explained 🇦🇺🇨🇭
AUDCHF formed a bearish flag pattern on a 4H time frame,
after quite a strong bearish movement.
Breakout of the support of the flag is an important bearish signal.
The pair may keep falling now.
Goals: 0.5899 / 0.5880
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NZDJPY: Time to Buy 🇳🇿🇯🇵
NZDJPY broke and closed above a key daily structure resistance.
After a breakout, the market started to consolidate within a narrow range on a 4h time frame.
A retest of a broken structure triggered an impulsive bullish movement
and a violation of a resistance of the range.
It gives us a strong bullish confirmation.
I think that the pair will reach 97.5 level soon.
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