From the analysis above, it shows a potential downtrend.
In the D1 timeframe, the market is in a descending channel.
The figure above in 1H timeframe, it has shown an impulsive move after it reverses when it touches the D1 Descending channel and it has formed a bear flag (price action within the context of a downtrend).
The TP point can be at the beginning of the...
Hi, new trader here. I'm trading on a naked chart
I've analysed USDCAD heading for a downtrend. It has broken off the ascending channel and formed a corrective phase.
From the figure above, it has broken off the corrective phase and could potentially go for a downtrend.
I've set a potential TP point when it touches the trendline on the higher timeframe.
Any...
Hi, new trader here. I'm trading on a naked chart
I've analysed AUDCHD for a potential Reversal from the indication of a descending channel within a descending channel.
I'm currently waiting for the price to break out from the descending channel and look for potential entry points. FX:AUDCHF
Any comments and opinions please comment below. Thank you :)
Hi, I'm just a new trader, this is my idea on EJ pair
I've analysed a potential reversal from the ascending channel
From the given image, I've stated my analysis on the pair.
Let me know your opinions. Thank you :)
