Traders Edge: Market Briefing 21/10/22

By Tomasz Wisniewski|

Published: October 21 2022, 09:56 GMT+0

Traders Edge: Market Briefing 21/10/22

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

GBPUSD drops after the price breaks the neckline of a nice Head and Shoulders pattern

EURUSD is getting ready for a breakout from the pennant formation. Most probably to the downside, because that’s what the trend is.

USDJPY makes itself comfortable above the psychological barrier of 150

EURAUD confirms a proper, long-term buy signal coming from the large double bottom formation

Gold is hovering above last month’s lows. The bears aren’t stopping

FTSE drops and aims for the long-term support on the 6810

DAX confirms a flag pattern, currently aiming at  it’s lower line

Dow Jones with a possible false breakout from the double bottom formation, that can bring us a really promising sell signal