Charles-OW

Charles-OW

From what I can see, there seems to be a possible head & shoulder pattern on the 4H timeframe. With the lack of bullish power, price failed to break the resistance area of 0.89200, resulting in price falling back underneath the previous resistance. If GBPJPY becomes bullish, this pair will continue its bearish momentum.

Charles-OW

From what I can see, this pair looks to be in a bullish flag pattern. This is after a strong bullish run on the daily timeframe. With this, I’m expecting price to breakout of the flag before continuing to the resistance area of 0.89200.

Charles-OW Updated 

From what I can see, there seems to be a head & shoulder pattern on the daily timeframe. With this, I’m expecting a bearish momentum to the support area of 1.47300, if price can hold the bearish pattern.

Charles-OW Updated 

From what I can see, this pair seems to be in an ascending triangle on the daily timeframe. If that’s the case, I’m expecting a bullish momentum if price breaks the triangle.

Charles-OW Updated 

From what I can see, price seems to be in a bearish movement on the 4H timeframe. If price respects the trend line, I’m expecting price to continue its bearish momentum until it reaches the support area of 1.05000.

Charles-OW Updated 

From what I can see, on the higher timeframes like the weekly & daily, price seems to have formed a bullish ascending triangle. With this, I’m expecting price to become bullish, if the news for the dollar is positive this coming week. For example, the initial jobless claims on Friday.

Charles-OW

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.

Charles-OW

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.

Charles-OW

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.

Charles-OW

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.

Charles-OW

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.

Charles-OW

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.

Charles-OW

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.

Charles-OW

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...

Charles-OW

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.

Charles-OW

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

Charles-OW

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...

Charles-OW

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.