Traders Edge: Market Briefing 11/05/22

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

USDJPY breaks a major up trendline (blue). We anticipate the CPI having a negative sentiment towards the USD

GBPJPY is fighting close to the neckline of the H&S formation

Indices dropped again yesterday, but today traders tried to initiate a bullish correction. We’ll see how long that will last

EURUSD tries to break the upper line of the pennant formation

Gold bounces off a long-term up trendline

Brent Oil climbs higher after testing the lower line of the symmetric triangle pattern. It’s now time to test the upper one

AUDUSD tries to establish a false breakout pattern. A close above the 0.7 will be a buy signal

GBPAUD bounces off a neckline of the double bottom formation. A breakout would be a great buy signal