(binned per thread starter’s request) Chart Patterns

303 pips 3 days not too shabby, you’ve seen me draw these up guys I update here daily for you guys to see what I’m looking at.

SAY NO TO HINDSIGHT.
Dont be afraid/embarrassed to be wrong.

nice work if I'm honest you surprised me ,
good real-time poster

Cheers buddy

EURAUD
rising wedge, seems like the EUR itself is due correction rising wedges on a lot of pairs, supports the bias for the large down move on EURUSD too.

Gold not spoke about gold for a while last time I posted I said I was expecting that M to play out and we’d have a move to the downside. I was to premature with that analysis and price went back up to test the top of the M this is more clearly on the daily below.
Still expecting a move to the downside as my option 1.
option 2 will show a weak pull back followed by a bullish break out so we can get out of this range.

Ill look for consolodation near the top of the box or a weak pull back breakout and pull back and breakout to enter the bullish side of things

For the M to play out because we have a bullish bias also I will wait until the neckline of the M is broke to short this pair

UJ
still in play folks consolodation build up about to break north just like we seen on EURJPY (with ascending triangle)

Descending wedge AUDCAD support bias for AU long also

EU update if you look back I said price should go and bounce around abit more in that triangle we have forming, since we had strong bearish reversal in price I’ve slightly adjusted my triangle to pack that price action in slightly more still same principle though.
were getting closer to the break!
Remember price can break up or down on our triangles.

GBPJPY Nearly hit target
if you stayed in and rode her you’d be around 230 pips

Hi Niel my chart looks a bit like yours ,but theres a bounce off the tl in place
weekly currently has an inverted hammer

Yeah there’s a lot of patterns showing buy and sell, that’s the bad thing about triangles you don’t really know which way they break all we can do is wait I guess. I’m only favorikng downside as price needs to correct before moving higher but I again I could be wrong.
On the opposite side triangles are quite easy to trade once they break.
EU needs to do something it’s been stuck in range for ages now!!

GU reaches its target today I got out early but look back you’ll see it’s now hit it’s intended target.

what now we’ll i prefer to short here based on previous past history but price is very bullish towards that level so it could potentially break here’s my scenarios

1.price reverse moves down as previously stated

2. A bull flag is made whilst price corrects and bust through the upper level

3. Price just bust through the level pulls back then breaks out

this is what I’m looking for I have my plan and I’ll trade it once I see it happen

Closed UJ with a touch of profit this seems to be accumulating ready to shoot off just don’t want to get stopped out for a loss, I’ll wait for a proper breakout of this small zone with have and then a retest and jump on the polar express too 109.000

EJ
1) 1-2-3 trend reversal
2)Ascending triangle breakout re-test
3)Bull flag

maybe good chance to take long or add to positions on this one.......

So end of the week stats I’ve gone through the patterns so far and worked out at the best entry and exit (letting it run) there was potential to make 511 pips on 4 pairs that we took entry on them pairs being.
GU-which would have gave 142 pips to target
EU(descending wedge)- which gave 102 pips to target
GJ- Which gave 242 pips to near target
UJ-I closed out but I gained 25 pips

The above is calculated based on near perfect entry and exit.

(I didn’t let my trades run so I came out with 403 pips)

Total 511 pips no losses

Still in EJ and AU

Hopefully some of you guys caught some of them pips.

Watchlist for next week is
GBPUSD EURAUD EURCHF GBPCHF AUDCAD USDJPY(potential)
On going
EURJPY AUDUSD

alot of wedges to potentially play out, look back to see what I mean have a good en!!

Trust UJ to start to play out when I get out lol
EURAUD starting to play out looking for a pull back to get in on

EJ bull flag playing out I said yesterday was a good place to get long.

GJ target hit

EJ closed 100pips in profit

look to get back in next week after pull back