(binned per thread starter’s request) Chart Patterns

there's a major downtrend line in that area

Markets are fairly quiet for daily time frames took a short on EU to 1.22 level bottom of the triangle.

AUDCHF
neckline broke looking for a pull back to get in

GBPCHF slight adjustment of trendlines still same pattern expected to play out.

EURCHF
again correlated to GBP same pattern slight adjustment of trendlines and targets on this one.

i know you think yeah but neil your just adjusting your trendline to price yup that’s correct I am but I still have the same bias and the same pattern it’s simple price cannot continue up without a correction it simply can’t.

Nice thread and good work, Neil. Keep it up

Thankyou!
please feel free to post your chart patterns should you see any!

NZDGBP
Symmetrical triangle.
Again triangles can break either way but given the expectation of pound to get weaker on GU (pull back) GBPCHF (rising wedge) I foresee a break north. My broker dosent offer this pair but for those that have it it’s a good set up.

Will review this again as learning point

AUDCAD on way to target 2 now

EURJPY update we had the W pattern or the M here’s another pattern I’ve noticed broadening bottom usually breaks down lower but can break higher.

you can also see if it does break higher a potential cup pattern.

EUR/USD update
85-117 pips on the move we predicted that there wouldn’t be an upside break if 80pip on this pair but there was scope for up to around 117 pips this week.
Still hold same bias of downwards break but be ready for either direction. I can’t see much movement next week until after Thursday which I think we will finally break out of consolodation either up or down I’m ready for both but swayed more to downside we shall see.

GBP/USD
We had the cup pattern we seen at last minute on this pair. We had the break of the neckline with a bullish view with targets expected to be around 1.48 however we did say there was going to be a pull back so I took the short option trading the pull back. The purple lines you see are the important fib levels 38% 51% 61.8%
I was expecting a weaker pull back if price breaks beyond the 61.8 I’d have a bearish view and look for some sort bearish flag set up. For now still bullish BUT price should not pull back that strong on a breakout trade so more than likely our cup pattern will fail.
The only way I see this going up is if the EURO goes up next week as the both closely correlated we will see I guess but I caught 150 pips of this move there was scope for around 262 pips. Closed out to early

GBPJPY
i didn’t take any trades on this pair we had the 3 rising valleys last week but taking a look at the pattern on last Sunday I noticed the broadening wedge pattern forming and price was directly in the middle so I didn’t trade this pair.
Taking another look now we have what looks to be a Head and shoulders pattern playing out which I’ve drawn in..... potentially could trade this down to the lower trendline of the broadening pattern which would form the right shoulder of the head and shoulder pattern.

USDJPY
slowly but surly making its way to target I didn’t take any trades on this pair seems to be struggling but with the bias of the EU becoming weaker along with GU we should see this pair hit targets

GOLD
I didn’t trade gold until I had the upper breakout or the break of the neckline I continue to hold that bias but seems to be struggling to break the upside resistance but again I won’t trade this pair till further direction is seen.

EURJPY
Not really done anything since the last update,
i caught 20 pip move to downside but nothing spectacular still looking for it to break either way. If it does go to the upside we should see a partial pull back lower.

AUDUSD
We are long term bullish on this pair if you look back you see the 3 rising valley set up, we also have this bullish wedge to play out too. I caught the downside movement as previously stated took 101 pips here still further downside to come I think with a retrace back upwards to the top of Descending wedge trendline.

GBPCHF
Again more of a rising pennant I’d say than wedge. Looks like it’s starting to breakout now. Given the short on GU I took a short on this pair too and took 90 odd pips but I’m looking for more further downside to come.

EURCHF
No trade taken on this pair as price was directly in the middle of the pattern I foresee this breaking to the downside but eagerly waiting.

EURAUD
Again similarities within the EUR pairs I am expecting break out lower but I took the counter move up I got out way to early 25 pips on this as I didn’t like how the Daily candle looked at the time.... profit is better than loss

AUDJPY
As we were expecting the Aussie dollar to get weaker short term i looked at this pair and said we potentially could see the formation of the right shoulder which looks to be playing out now.