Traders Edge: Market Briefing 04/05/22

In today’s Traders Edge Market Briefing, Tomasz found these amazing setups that we thought you’d find interesting.

EURUSD is waiting for the FOMC inside of the symmetric triangle pattern

USDJPY is doing pretty much the same but here, we’re waiting very close to the upper line of this formation

GBPJPY is forming a descending triangle pattern. The price is currently flirting with the support of this formation

Gold broke a crucial support on the 1872 USD/oz

SP500 defended the neckline of the H&S formation with a hammer on a daily chart.  A promising start for buyers

EURGBP is also inside of the symmetric triangle. A breakout to the downside can be catastrophic here

Brent Oil is also in the group of assets moving sideways inside of the triangle. We are waiting for the breakout.

AUDUSD is testing the neckline of the triple bottom formation. A breakout would mean a buy signal.