Daily Chart patterns

JimTatum

Trader
Jan 28, 2017
40
6
14
32
SanDiego
Hi friends,

There is a formation of Head and shoulder reversal patterns in daily USD/JPY pair. We may expect further uptrend in USD/JPY till the Head and shoulder reversal pattern.

-Jim @ wetalktrade
 

Attachments

  • USDJPYDaily H&S Reversal pattern.png
    USDJPYDaily H&S Reversal pattern.png
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JimTatum

Trader
Jan 28, 2017
40
6
14
32
SanDiego
Hi Friends,

There is a formation of hanging man in GBP/JPY daily chart. We see uptrend in GBP/JPY pair in recent days. After the end of Newyork session, hanging man formed in GBP/JPY daily chart. Is this starting for downtrend in GBP/JPY pair. Let's see what happens.....

- Jim @ wetalktrade
 

Attachments

  • GBPJPYDaily Hanging man pattern.png
    GBPJPYDaily Hanging man pattern.png
    18.5 KB · Views: 14

JimTatum

Trader
Jan 28, 2017
40
6
14
32
SanDiego
Hi,

Here, I provide the technical analysis for daily chart of EUR / GBP pair. There is a rectangular formation in EUR/GBP pair. We have to wait for breakout occurs in either upward or downward direction.
 

Attachments

  • EURGBPDaily 1305.png
    EURGBPDaily 1305.png
    29.3 KB · Views: 14

JimTatum

Trader
Jan 28, 2017
40
6
14
32
SanDiego
Hi,

Here, I provide the technical analysis for daily chart of EUR / GBP pair. There is a rectangular formation in EUR/GBP pair. We have to wait for breakout occurs in either upward or downward direction.
After Macron sworn as French president on Sunday, fear on Euro's status removed from investors. They eagerly buy Euro by selling opposite pairs. It also reflects in EUR/GBP pair. Euro's current strength and Britain's upcoming election on June make the EUR/GBP pair in bullish movement.
 

JimTatum

Trader
Jan 28, 2017
40
6
14
32
SanDiego
Hi,

Here we can expect uptrend in GBP/JPY pair. There is a formation of same chart pattern found in daily chart also there is a chance for retracement in GBP/JPY pair.
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