Charles-OW

Charles-OW

The previous idea I posted for this pair looked bearish. But with yesterday’s news by the Fed, some pairs started rallying upwards. Including this one. With that, my bias has changed. Now this pair looks bullish with a possible cub & handle pattern.

Charles-OW

With this pairs sudden bullish momentum helping price break the resistance area of 1.32700, it now looks like a break and retest pattern might occur.

Charles-OW Updated 

From what I can see, price it retesting the previous support it broke through. Combined that with what looks like a descending triangle, makes me bearish bias on this pair.

Charles-OW

Something to keep an eye on. On the daily timeframe, this pair looks to have made an inverse head and shoulder pattern. But at the moment, price has failed to break the neckline.

Charles-OW

The resistance failed to keep price bearish. Since price has broken through, I’m bullish bias.

Charles-OW Updated 

Price is at a previous support area that it recently broke through to the downside.

Charles-OW

Price looks like it’ll retest the resistance area of 151.100. The last time price reached this area, it reacted negatively. I believe the same will happen again.

Charles-OW Updated 

On the daily timeframe, there seems to be what looks like a shooting star pattern. On Google, it states, “This usually forms after a corrective phase within the context of a larger downtrend”.

Charles-OW

Possible ascending triangle on the 4H timeframe. Price at the moment is it consolidating between the resistance area of 114.000 and the support area of 112.500, so there’s a possibility price reaches the top of the triangle the becomes bearish.

Charles-OW Updated 

Possible head and shoulder pattern on the 1H timeframe. Since price is consolidating between the resistance area of 1.22800 and the support area of 1.22400, I'm only looking for bearish patterns.

Charles-OW

I previously posted an idea about this pair being bullish, that hasn’t been the case. It seems price will continue being bearish after it completes the break and retest pattern.

Charles-OW Updated 

Price has reached a support area on the daily timeframe. One of the confirmations to support my theory is that price has failed to close below the support area of 1.31900.

Charles-OW

After price had its bearish momentum, it has found a range between the resistance area of 0.92700 and the support area of 0.91600.

Charles-OW

This pair has been on a long sell-off since the end of February of this year. Recently, it broke the daily support area of 0.85800. With this, I’m expecting the bearish momentum to continue after price breaks and retests the area of 0.86600.

Charles-OW

Possible cup & handle pattern on the 1H timeframe. After price reached the daily support area of 0.70000, it became very bullish. I believe this momentum will continue because on the daily timeframe, there’s a 3 green soldier candle pattern. This usually indicates a price reversal.

Charles-OW

Possible head & shoulder pattern on the 1H timeframe. Price is consolidating between the resistance area of 114.000 and the support area of 112.500.

Charles-OW

Price has made what seems to be a rising wedge pattern on the 1H timeframe.

Charles-OW

A break and retest of the previous resistance area. It also happens to look like an inverse head & shoulder pattern.