Wednesday, March 31, 2021

EUR/CHF

 

EUR/CHF
10-Mar-06:00 -> 31-Mar-13:00
Target Level: 1.1094
 
SL:(A)1.1031Last TP of Rising Wedge
RL:(B)1.1094Last TP of Rising Wedge
Target Period: 3 days
 
Interval4 hour
PatternRising Wedge
Length52 Candles
Identified31-Mar-09:00
Rising Wedge identified at 31-Mar-09:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1094 within the next 3 days.
Supported by Upward sloping Moving Average

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Stay in the trade

 When the market is selling off it may be not wise to sell and go to cash. Look at the charts for support. If you pull out you could lose a trading opportunity. You could close the trade and go short. This could lock in your losses and maybe start a new winning trade.


Tuesday, March 30, 2021

Forex

 

ADVANCED FOREX PATTERNS (AFP) helps you to master 10 very powerful Forex patterns available to the Forex trader.

GBP/USD, chart

 

GBP/USD
18-Mar-12:00 -> 30-Mar-22:00
Target Level: 1.3846
 
SL:(A)1.3706Last TP of Triangle
RL:(B)1.3846Last TP of Triangle
Target Period: 2 days
 
Interval1 hour
PatternTriangle
Length154 Candles
Identified30-Mar-22:00
Triangle identified at 30-Mar-22:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3846 within the next 2 days.