CAD/JPY

 

CAD/JPY 06-Jan-14:00 -> 25-Jan-14:00 Target Level: 82.2070

SL: (A) 81.4330 Last TP of Ascending Triangle RL: (B) 82.2070 Last TP of Ascending Triangle Target Period: 2 days   Interval 4 hour Pattern Ascending Triangle Length 39 Candles Identified 25-Jan-06:00

Ascending Triangle identified at 25-Jan-06:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 82.2070 within the next 2 days.

AUD/JPY

 

AUD/JPY 06-Jan-18:00 -> 25-Jan-14:00 Target Level: 80.5000

SL: (A) 79.9050 Last TP of Triangle RL: (B) 80.5000 Last TP of Triangle Target Period: 2 days   Interval 4 hour Pattern Triangle Length 38 Candles Identified 25-Jan-06:00

Triangle identified at 25-Jan-06:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 80.5000 within the next 2 days. Supported by Upward sloping Moving Average

Traders need to focus

 Traders determining the strength of a zone is how price left that zone volume and the number of trades.  It is important to learn charts and a couple indicators in your trading. Price works the same way.  Traders need to focus on the strength at which price left the origin of the supply or demand zone.  If price leaves quickly, it shows a large imbalance of supply and demand and therefore a stronger zone. Did some kind of news just effect the trade?

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USD/ZAR forex chart

 

	The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : USDZAR

Direction : Identified time : 2021-01-21 21:30 EST Breakout price : 14.98001 Forecast price : 15.0236 Forecast pips : 44 Probability : 66.13 %

Pattern : Triangle Interval : 15 Min Pattern : Resistance Interval : 15 Min

EUR/JPY

 

EUR/JPY 24-Dec-02:00 -> 20-Jan-22:00 Target Level: 125.0905

SL: (A) 125.0905 Last TP of Falling Wedge RL: (B) 126.2100 Last TP of Falling Wedge Target Period: 2 days   Interval 4 hour Pattern Falling Wedge Length 61 Candles Identified 19-Jan-22:00

Falling Wedge identified at 19-Jan-22:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 125.0905 within the next 2 days. Supported by Downward sloping Moving Average