Traders Edge: Market Briefing 11/05/22

By Tomasz Wisniewski|

Published: May 11 2022, 12:05 GMT+0

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


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