The GBP/USD pair is trading in a downward wedge pattern on a 4 hour time frame. The price may continue this trend which is towards the downside as long as we are trading within this wedge pattern. The pair is above the 50 day- shown in yellow and the 100 day day-shown in red, moving…
Read MoreThe yellow metal fell from our Identified resistance zone (which we mentioned in our analysis yesterday) on a 30 minute time frame. The price has moved more than three to one reward to risk ratio as the risk was nearly one dollar and the price has moved away by almost three dollars- thus profit $3.…
Read MoreThe GBP/USD pair is trading in a downward wedge pattern on a 4 hour time frame. The price may continue this trend which is towards the downside as long as we are trading within this wedge pattern. The pair is above the 50 day- shown in yellow and the 100 day day-shown in red, moving…
Read MoreThe USD/JPY pair is trading in an ascending triangle pattern on a daily time frame pattern. The price is trading within the Bollinger band and this represents that the volatility is low for the pair. Moreover, it is also trading near its 20 day moving average which is further confirmation of the above statement. The…
Read MoreThe GBP/USD pair is trading in a downward wedge pattern on a 4 hour time frame. The price may continue this trend which is towards the downside as long as we are trading within this wedge pattern. The pair is above the 50 day- shown in yellow and the 100 day day-shown in red, moving…
Read MoreThe yellow metal fell from our Identified resistance zone (which we mentioned in our analysis yesterday) on a 30 minute time frame. The price has moved more than three to one reward to risk ratio as the risk was nearly one dollar and the price has moved away by almost three dollars- thus profit $3.…
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