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  1. #181
    pedagoreng is offline Senior Member
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    GBP/USD: CONFIRMED "THORN" PATTERN



    The price faced support at 1.2817, so there's a "Thorn" pattern, which has been confirmed. Therefore, the pair is likely going to continue moving up in the direction of the next resistance at 1.2947 - 1.2982. Meanwhile, if a pullback from this area happens, there'll be an option to have a downward price movement towards support at 1.2926 - 1.2887.



    The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should keep in mind the next resistance at 1.2947 - 1.2967 as an intraday target. If we see a pullback from these levels, bears will have a green light to reach the 89 Moving Average.

  2. #182
    pedagoreng is offline Senior Member
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    EUR/USD: DEVELOPING WAVE A OF (V)



    There's a developing ending diagonal in wave [v] of C. Inside this pattern, wave (iv) may have been formed. So, there's an opportunity to have wave (v) of [v] in the short term. In this case, the high of wave (iii) is likely going to be broken soon.



    As we can see on the one-hour chart, we've got a double zigzag pattern in wave (iv). Also, there's a developing wave a, which is likely going to be ended on 7/8 MM Level, which could be a departure point for wave b of (v).

  3. #183
    pedagoreng is offline Senior Member
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    EUR/USD: ENDING DIAGONAL PATTERN



    It seems like wave (E) of [B] is about to end, which means a bullish impulse in wave C of (E) is going to finish soon. If we have a pullback from 7/8 MM Level, there'll be an opportunity to have a downward price movement towards 6/8 MM Level.



    There's a possible ending diagonal pattern in wave [v] of C. Wave (v) of [v] is likely going to be continued, so we could have a new local high in the short term.



    As we can see on the one-hour chart, wave (v) of [v] is taking the form of a zigzag. So, we're likely going to have another bullish impulse in wave c of (v). The main intraday target is +1/8 MM Level.

  4. #184
    pedagoreng is offline Senior Member
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    USD/CHF: FRANC IS FALLING DOWN

    Recommendation:

    SELL 0.9600

    SL 0.9655

    TP1 0.9500

    TP2 0.9390



    On the daily chart, bears are trying to resume the downtrend. If they manage to get below June low, the possibility of the decline to 127.2% and 224% targets of “Crab” and AB=CD patterns will significantly increase.



    On H1, USD/CHF formed “Three Indians” pattern. Bears are currently trying to pull the pair outside of 0.9600-0.9690 consolidation range within “Spike and ledge” pattern. Success in this will slow seller to continue the decline.

  5. #185
    pedagoreng is offline Senior Member
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    USD/JPY: DOLLAR TESTED SSB’S SUPPORT

    Technical levels: support – 111.70/80; resistance – 112.60, 113.00.

    Trade recommendations:

    Buy — 112.10; SL — 111.90; TP1 — 113.00; TP2 — 113.30.
    Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is in a correction, tested the strong support of Senkou Span B.


  6. #186
    pedagoreng is offline Senior Member
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    USD/JPY: ALL THE LAST CANDLES ARE BULLISH



    There are bullish patterns such a "Hammer" and a "Harami", which both have been confirmed. The upper "Window" is acting as resistance, which could be a departure point for another downward price movement.



    We don't have any bearish pattern so far, cause all the last candles are bullish. The main intraday target is the 89 & 144 Moving Averages. If a pullback from these lines happens, bears will have a green light to deliver a correction at least.

  7. #187
    pedagoreng is offline Senior Member
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    GBP/USD: "PENNANT" PUSHED PRICE HIGHER



    The price faced support at 1.2926, so there's a "Thorn" pattern. In this case, the pair is likely going to reach the nearest resistance at 1.3032 - 1.3047. If a pullback from this area happens, bears will probably try to deliver a downward correction.



    The last "Pennant" pattern led to another upward price movement. The main intraday target is the closest resistance area at 1.3032 - 1.3047. However, if we see a pullback from these levels, there'll be an option to have a decline in the direction of the nearest support at 1.2952.

  8. #188
    pedagoreng is offline Senior Member
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    USD/JPY: "HARAMI" LED TO DECLINE



    The price has been declining since a "Harami" pattern formed. Also, there isn't any reversal pattern so far, which means bears are likely going to test the next support level in the short term. If any reversal pattern arrives afterwards, bulls will probably try to deliver an upward correction.



    The last bearish "Shooting Star" pattern led to the current decline. However, we've got a bullish "Doji", but this pattern hasn't been confirmed yet. So, we could have just an upward correction and a decline afterwards.

  9. #189
    pedagoreng is offline Senior Member
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    GBP/USD: BULLISH "PENNANT" PATTERN



    Bulls faced resistance at 1.3057, so the price is consolidating. Meanwhile, the pair is likely going to achieve the next resistance at 1.3077 in the short term. If a pullback from this level happens, we should keep an eye on the nearest support at 1.3029 - 1.3006 as a bearish target.



    There's a bullish "Pennant" pattern, so the price is likely going to reach the closest resistance at 1.3057 - 1.3077 in the coming hours. Considering a possible pullback from this area, there's an option to have a decline towards the Moving Averages afterwards.

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