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Analysis on EUR/USD, Date: 3 September, 12:00 GMT

The Descending Triangle chart pattern imaging a clear bearish signal.
Currency Pair: EUR/USD.
Time Duration: 30th July- 3rd September.
Time Frame: 1day,1 week.
Price Forecast: 1.14520-1.18770.
Predict Trend: Bearish.
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GBP/USD Pair Analysis For August,2018.


The Falling Edge and the Inverse Cup & Handle chart pattern imaging a clear bullish signal.
This time for GBP/USD, the Support line is at 1.27738 and the resistance line is at 1.32687. Finally,
Currency Pair: GBP/USD.
Time Duration: 30th July- 3rd September.
Time Frame: 1day,1 week.
Price Forecast: 1.27738-1.32687.
Predict Trend: Bearish.
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Mirza_Ahmed avatar

Correction: The Falling Edge and the Inverse Cup & Handle chart pattern imaging a clear bearish signal.

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USD/CHF - Prediction for for 3rd October

Tools Used
  • horizontal and vertical lines
  • Support and resistance lines
  • Chart Pattern


Weekly Chart
The weekly chart shows the formation of an ascending triangle, till it meets a resistance and the price starts falling back. Based on the pattern the price is expected to follow by the same distance.

Daily Chart
On the daily chart the price shows its in a down channel. The price is retracing from the upper channel and is most likely to continue falling in the next weeks.

My prediction is 0.96103
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massimoscalas avatar

si, sono d'accordo

wmndave avatar
wmndave 19 Aug.

most definately

Cristobal avatar
Cristobal 31 Aug.

Good job!

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USDJPY saga

no change in the near terms USDJPY destiny so far. the price shoot up to the range top. expect another leg down to retest the bottom. definitely, the move up also is on the radar. no long-term positions yet
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Important Tips

Some tips before make a trade:
1.Always use Stop Loss and Take Profit limits.
2.On long trends, use Trailling Stop when you are profiting.
3.Scrutinize every pair, explore the maximum of oportunities.
4.Use and know your indicators, learning about these : Bollinger Bands, MACD, Parabolic SAR, Stochastic, RSI, ADX, IKH.
5.Know chart patterns, combine chart patterns with indicator, combine all.
6.Keep looking for news, is important not have open positions before important news.
7.Take care about f…
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Lazarini14 avatar

interesting! :)

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Simple yet powerful chart pattern.

Today I want to share this powerful setup and ideas how to trade it. They do not occur to often especially on the higher time frames, but when they do, it is a really good setup with high risk reward ratio. Requirements for this pattern to qualify are pretty simple. There has to be 2 consecutive higher highs and 2 consecutive lower lows. Connect those points with a trend line and look for a next touch. This will be the entry point, of course confirmed by a price action. Very often You will have…
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