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USDJPY In Rising Wedge pattern.

USDJPY In Rising Wedge pattern.

by | May 20, 2020 | Forex Trade Ideas, USDJPY

USDJPY is trading in a rising wedge pattern. It has tested the rising wedge pattern resistance and reversed from it. We may see the price pullback in USDJPY towards the support of the rising wedge , if it breakout of the rising wedge on the downside, it may test...
GBPJPY Breakout From Falling Wedge.

GBPJPY Breakout From Falling Wedge.

by | May 19, 2020 | Forex Trade Ideas, GBPJPY

GBPJPY was trading in a falling wedge pattern and now it has given a good breakout from the pattern on the upside, but this upside can be limited in GBPJPY as the price will face multiple resistances on the upside. If long trade initiated on GBPJPY , one should Book...
AUDUSD Trading at strong resistance Zone.

AUDUSD Trading at strong resistance Zone.

by | May 19, 2020 | AUDUSD, Forex Trade Ideas

AUDUSD is trading in an ascending triangle pattern. Also, it is trading at a strong resistance zone , which can be a triple top pattern, if price reverses from the current level. one can initiate short trade with a stop loss just above the resistance zone . If it...
GBPAUD At Support Level Of Channel Pattern.

GBPAUD At Support Level Of Channel Pattern.

by | May 18, 2020 | Forex Trade Ideas, GBPAUD

GBPAUD is trading in descending parallel channel pattern. It is trading very near to support the level of channel pattern. We might see a bounce back from the current level towards the minor resistance and then resistance line of descending channel pattern. One can...