The S&P 500 is trading at new highs. GBPJPY is highly correlated to the S&P 500, but has not broken out of a triangle. GBPJPY has just rebounded from the daily 23.6% Fibonacci level which is bullish.

After touching 1.3000 important psychological level, XAUUSD pulled back from 1300.82 and formed a triangle pattern on its 4-hour chart. The triangle pattern is likely consolidation of the uptrend from ...

EURUSD is trading near a 3-month high just shy of the 1.3900 psychological resistance area. The Euro has closed above weekly triangle resistance and a significant Fibonacci Level The lack of overhead ...

EUR/AUD bullish breakout didn’t last before the bears wrestled back control. Will the uptrend regain control or will price action develop a larger reversal? The EUR/AUD bullish breakout didn’t last ...

Dear traders, XAU/USD (Gold) is moving sideways in a triangle chart pattern. The ABCDE waves (blue) are expected to be completed soon. The XAU/USD (blue) could be in ...

If you can get a clean understanding of the typical patterns that develop before the trend resumes, you can find yourself entering at incredibly favorable entries with an excellent risk: reward ratio.