Pattern: Channel Up on 4H. Signal: Sell towards the 4H MA50, as the MACD made a Bearish Cross almost exactly where it made its November 09 Cross. Buy once contact is made. Target: 1.2200. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and

  Last time I showed why EURUSD was bullish both on the 1D time-frame (targets were 1.1900 and 1.2000) but perhaps more importantly on the 1W time-frame where the post March 2020 price action resembles that of the 2017 rise: Right now I focus on the 4H chart, where despite of the wider (rough) Ascending

  Pattern: Channel Down on 1D. Signal: Sell as the rejection pattern on the 1D MA50 (blue trend-line) has been very consistent since July. Also the RSI is hitting the 4 month Resistance. Target: 102.300 (1.382 Fibonacci extension). Most recent USDJPY trade: ** Please support this idea with your likes and comments, it is the

  Scary as it may seem, the price action on the recent consolidation, along with the MACD, have formed on the 4H chart a pattern much similar with the April-May sequence that led to the collapse of June and July. The first low before the recent Bottom was made on the 2.618 Fibonacci extension, as

  Another MA approach, this time on EURUSD. It is a recurring pattern since mid-2019: The 1D chart posts a Channel Down with the price action diving below the 1D MA50 (blue line). The MACD is flat-lined and once it breaks above this range and the price above the 1D MA50, one final pull-back occurs

  This is a simple illustration of how the MACD on the 1D chart can give a good signal, at least on the short-term. As you see on the chart, at least since March 2018, every time the MACD is trading towards 0 following a trend, the price makes a short-term directional change. I.e. when

  Pattern: Channel Down on 4H. Signal: Sell either on the key trend-line (dashed) or on the Lower High trend-line of the Channel Down. Target: 1.16250 (Lower Low). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView

  Pattern: Channel Up on 4H. Signal: (A) Sell as it approaches the Higher High trend-line of the pattern, (B) Buy when it approaches the Higher Low trend-line. Target: (A) 93.70 (potential -1.10% drop from the symmetrical Higher High), (B) 95.00 (just below the Higher High trend-line). Most recent DXY signal: ** Please support this

  Pattern: Potential Channel Up on 4H. Signal: (A) Buy as long as the Support is intact (B) Sell if the Support breaks. Target: (A) 93.90 (right below the Resistance) (B) 91.85 (right above the Support). *note: Tight SL needed on both ends as the volatility around and after the Fed Rate Decision will most likely

  Pattern: Channel Down on 4H. Signal: Buy as the RSI and MACD have hit their respective Support levels, with the price already near the Lower Low trend-line of the Channel. Target: 92.85 (potential contact with the 4H MA50). ** Please support this idea with your likes and comments, it is the best way to