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EURGBP Breaking Point Of Descending Triangle.

EURGBP Breaking Point Of Descending Triangle.

by | Apr 13, 2020 | EURGBP, Forex Trade Ideas

EURGBP is trading in Descending triangle pattern. It is also trading at 62% of Fibonacci retracement level as you can see in chart. If it breaks out of descending triangle pattern we might see further downside toward the 0.8625 level and further towards towards...
AUDJPY Crucial Point Of Trend Continuation.

AUDJPY Crucial Point Of Trend Continuation.

by | Apr 13, 2020 | AUDJPY, Forex Trade Ideas

AUDJPY is trading in rising wedge . Now it is trading in narrow range of rising wedge . This means that sooner or later we might see either sideways movement in AUDJPY or decisive trend action after breakout from rising wedge on either upside or downside. If it breaks...
AUDUSD Ascending Triangle At Top

AUDUSD Ascending Triangle At Top

by | Apr 13, 2020 | AUDUSD, Forex Trade Ideas

AUDUSD is forming an ascending triangle in upward trend. It will be an interesting price action in AUDUSD pair. If AUDUSD breaks the ascending triangle on upside, we might see further trend continuation till resistance level (as mentioned in chart). If it breaks on...
GBPAUD At Support Level.

GBPAUD At Support Level.

by | Apr 10, 2020 | Forex Trade Ideas, GBPAUD

GBPAUD is trading just above the support level . At a point, a trendline , support and resistance of the channel pattern are crossing each other which will act as strong support for the GBPAUD . We might see some bounce back from point a of GBPAUD towards the...
AUDJPY At Crucial Point .

AUDJPY At Crucial Point .

by | Apr 10, 2020 | AUDJPY, Forex Trade Ideas

AUDJPY is trading in a rising wedge pattern, also it is facing long term resistance 1 at the top, so we might see some correction on the downside in audjpy and move in an upward direction or we may see a continuation on sideways price movement as long holiday ahead....