In today’s Traders Edge Market Briefing, Tomasz has found these amazing setups that we thought you’d find interesting
USD loses traction and allows other currencies to catch some breath. On many pairs, this initial reversal is happening in very interesting places.
GBPUSD is bouncing from the lower line of the flag and the 38,2% Fibonacci with a beautiful inverse head and shoulders pattern. The neckline is already broken, so the buy signal is ON
A similar situation can be seen on the NZDUSD but here, instead of the iH&S, we have the triple bottom formation.
EURUSD is bouncing from the lower line of the pennant
GBPJPY defends a crucial horizontal support and aims higher
USDCHF still waits for the breakout from the symmetric triangle pattern. Currently we are in the middle
AUDCHF aims higher after the price makes a V-shaped reversal after touching the lower line of the flag
CHFJPY continues another week inside of the rectangle, between the 23,6% and 38,2% Fibonacci
CADCHF is attacking a long-term horizontal support. A breakout can bring us a proper sell signal