Another two setups and movements that were accurately predicted this past week…which could provide good setups to trade to Support (AUD CHF) and Resistance (EUR USD)
AUD CHF - SMALL PENNANT BREAKOUT WITHIN A LARGER PENNANT
…was done using theories of Consolidation and Breakouts
This video describes the Bearish Signal that I accurately predicted in the 4 Hour Chart’s Pennant last week. Despite the strength of this signal and the possibility of further moves bearish, I warn of the risks associated with this Candle that could lead to a Sharp Bullish Reversal and Trading Losses!
EUR USD - FALSE CONSOLIDATION BREAKOUT REVERSAL
This was predicted to rally back inside of the Range Setup on the 4 Hour Chart, following a brief breakout at Support…
…done using the theory of False Breakout Reversals and how to trade them…
Once you master Forex Chart Analysis with Japanese Candlestick Signals, Trendlines and Consolidation Patterns, you will be able to accurately forecast market direction to capture strong trading gains and avoid losses from Sharp Reversals!