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com/tradechartpatternslikethepros 8 MAY 23'

Trade Chart Patterns Like The Pros


A Weekly Publication, Issue 001

ABC
CHART
PATTERNS
Chart Patterns Like the Pros 2023 ALL RIGHTS RESERVED

No part of this document may be reproduced or transmitted without the express written consent of
the www.patreon.com/tradechartpatternslikethepros or Constantino.

This document relies on sources and information reasonably believed to be accurate, but neither the
author nor publisher guarantees accuracy or completeness.

The examples in this document could be considered hypothetical trades.

The CFTC warns that:


HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS,
SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE
THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR
TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES
BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS
SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE
LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE
GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,
HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO
HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF
FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND
LOSSES OR TO ADHERE TO A P ARTICULAR TRADING PROGRAM IN SPITE OF TRADING
LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL
TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE
MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING
PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF
HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY
AFFECT ACTUAL TRADING RESULTS.

COPYRIGHT © 2023 - www.patreon.com/tradechartpatternslikethepros


Data & Charts are created by Constantino in Tradingview. Published in the United
kingdom.
Current Issues
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-Anonymous

"Risk management is the most important thing to be well


understood. Undertrade, undertrade, undertrade is my
second piece o f advice. Whatever you think your position
ought to be, cut it at least in half. "
-Bruce Kovner

"The gem cannot be polished without friction, nor man


perfected without trials."
- Chinese Proverb

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MAYOR MARKET INDICES TRENDS

All four market indices


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GOLD, SILVER, OIL, DXY

Gold and Silver Regained 200 SMA as it trades higher above 200 MA. Oil are below it 200 MA and
DX is just below 200 MA
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CRYPTO CURRENCIES

Crypto Currency charts with Trends


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S&P 500 Index (SPX) is trading in INV. H&S Pattern on its daily chart. A
Long entry is entered when price closes above the neckline with a strong uptrend. Enter a
long trade above 4198.3 and place a stop below 4001.6 Targets are placed from 62%: 4630.7
to 79%: 4741.8 in target1 zone.

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Russel 2000 (RTY) is trading in a rectangle channel chart pattern on its daily chart between
upper trend line 2007.4248 lower trend line 1643.8315. Along trade may be entered if price
breaks above the upper trend line with stop below the mid-channel level 1824.4571and vice-
versa. Breakout targets are 2191.1228, 2373.4044. breakdown targets are 1456.7815,
1275.5804.

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Nas100USD (COMPX)has formed an ABC Bullish Pattern on its daily chart.


The price is trading above the long entry-level 12197.2. ABC Bullish patterns are valid only
when the price closes above the entry-level with the confirmed uptrend. Enter a long trade
above entry-level with stop below 11671.2.

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Dow Jones (SINDU) is trading in INV. H&S Pattern on its daily chart. A Long entry is
entered when price closes above the neckline with a strong uptrend. Enter a long trade above
34235.4 and place a stop below 32854.6. Targets are placed from 62%: 37725.2 to 79%:
38680.9 in target1 zone.

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Gold (XAUUSD) has formed an ABC Bullish Pattern on its daily chart.
The price is trading above the long entry-level 11826.42. ABC Bullish patterns are valid only
when the price closes above the entry-level with the confirmed uptrend. Enter a long trade
above entry-level with stop below 1804.68.

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SILVER (XAGUSD) has formed an ABC Bullish Pattern on its daily chart.
The price is trading above the long entry-level 21.143. ABC Bullish patterns are valid only
when the price closes above the entry-level with the confirmed uptrend. Enter a long trade
above entry-level with stop below 19.796.

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CRUDE OIL (QM) has formed an ABC Bullish Pattern on its weekly chart.
The price is trading near the long entry-level 72.302. ABC Bullish patterns are valid only when
the price closes above the entry-level with the confirmed uptrend. Enter a long trade above
entry-level with stop below 63.187.

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Bitcoin /US Dollar(BTC/USD) is trading a Cup and Handle Pattern on its daily chart and the
price is trading above the breakout level 25212. C&H patterns are valid only when the price
closes above the breakout level. A long trade is entered above the breakout level with stop
placed below the lowest low of the Handle. Targets: 62%: 31329.39, 79%: 32945.92.

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Etherum/US Dollar (ETH/USD) is trading a Cup and Handle Pattern on its daily chart and
the price is trading abovethe breakout level 1679.34.
C&H patterns are valid only when the price closes above the breakout level. A long trade is
entered above the breakout level with stop placed below the lowest low of the Handle Targets:
62%: 2154.66, 79%: 2268.99 targets zone1.

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Aust Dollar / US Dollar (AUDUSD)has formed an ABC Bullish Pattern on its daily chart.
The price is trading above the long entry-level 0.66886. ABC Bullish patterns are valid only
when the price closes above the entry-level with the confirmed uptrend. Enter a long trade
above entry-level with stop below 0.65641.

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Aust Dollar / Canadian Dollar (AUDCAD) has formed an ABC Bullish Pattern on its daily
chart.
The price is trading above the long entry-level 0.90732. ABC Bullish patterns are valid only
when the price closes above the entry-level with the confirmed uptrend. Enter a long trade
above entry-level with stop below 0.89512.

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New Zealand Dollar/ US Dollar (NZDUSD)has formed an ABC Bullish Pattern on its daily
chart.
The price is trading above the long entry-level 0.61669. ABC Bullish patterns are valid only
when the price closes above the entry-level with the confirmed uptrend. Enter a long trade
above entry-level with stop below 0.61119.

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Swiss Franc / Japanese Yen (CHF/JPY) has formed an ABC Bullish Pattern on its daily chart.
The price is trading above the long entry-level 142.659. ABC Bullish patterns are valid only
when the price closes above the entry-level with the confirmed uptrend. Enter a long trade
above entry-level with stop below 140.160

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British Pound/ Japanese Yen (GBP/JPY) is forming a Cup and Handle Pattern on its daily
chart and the price is trading below the breakout level 172.136.
C&H patterns are valid only when the price closes above the breakout level. A long trade is
entered above the breakout level with stop placed below the lowest low of the Handle Targets:
62%: 182.524, 79%: 185.309.

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British Pound/ New Zealand Dolar (GBP/NZD) is forming a Cup and Handle Pattern on its
daily chart and the price is trading below the breakout level 2.03180
C&H patterns are valid only when the price closes above the breakout level. A long trade is
entered above the breakout level with stop placed below the lowest low of the Handle.
Targets: 62%: 2.12282, 79%: 2.14810.

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New Zealand Dollar / Canadian Dollar (NZD/CAD) is forming a Cup and Handle Pattern on
its daily chart and the price is trading below the breakout level 0.88151. C&H patterns are
valid only when the price closes above the breakout level. A long trade is entered above the
breakout level with stop placed below the lowest low of the Handle. Targets: 62%: 0.95568,
79%: 0.97526.

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US Dollar / Canadian Dollar (USD/CAD) is trading in a rectangle channel chart pattern on its
daily chart between upper trend line 1.39777 and lower trend line 1.33020. A long trade may
be entered if price breaks above the upper trend line with stop below the mid-channel 1.36379
and vice-versa. Breakdown targets are: 1.29635/ 1.26272

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US Dollar / Japanese Yen (USD/JPY) has formed an ABC Bullish Pattern on its daily chart.
The price is trading above the long entry-level 131.548. ABC Bullish patterns are valid only
when the price closes above the entry-level with the confirmed uptrend. Enter a long trade
above entry-level with stop below 129.642.

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Euro/ Japanese Yen (EUR/JPY) is trading in symmetric triangle Pattern on its daily chart. The
price is trading above the long entry-level 145.568. Symmetrical Triangles patterns are valid
only when the price closes above the entry-level with the confirmed uptrend. Enter a long
trade above entry-level with stop below 142.521.

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Euro / New Zealand Dollar / (EUR/NZD) is trading a Cup and Handle Pattern on its daily
chart and the price is trading the breakout level 1.75486. C&H patterns are valid only when
the price closes above the breakout level. A long trade is entered above the breakout level with
stop placed below the lowest low of the Handle. Targets: 62%: 1.82894, 79%: 1.87446 target
zone1.

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Euro / Canadian Dollar / (EUR/CAD) is trading a Cup and Handle Pattern on its daily chart
and the price is trading above near the breakout level 1.46348. C&H patterns are valid only
when the price closes above the breakout level. A long trade is entered above the breakout
level with stop placed below the lowest low of the Handle. Targets:62%: 1.57113, 79%: 1.60107
target zone1.

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Euro / Canadian Dollar / (EUR/CAD) is trading a Cup and Handle Pattern on its daily chart
and the price is trading above near the breakout level 1.46348. C&H patterns are valid only
when the price closes above the breakout level. A long trade is entered above the breakout
level with stop placed below the lowest low of the Handle. Targets:62%: 1.57113, 79%: 1.60107
target zone1.

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Euro / Australian Dollar / (EUR/AUD) is trading a Cup and Handle Pattern on its daily chart
and the price is trading above the breakout level 1.59641. C&H patterns are valid only when
the price closes above the breakout level. A long trade is entered above the breakout level with
stop placed below the lowest low of the Handle. Targets: 62%: 1.70292, 79%: 1.73094 target
zone1.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


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Canadian Dollar / Japanese Yen / (CAD/JPY is trading in Double Bottom Pattern on its daily
chart. The price is trading above the long entry-level 95.547. Double Bottoms patterns are
valid only when the price closes above the long entry-level with confirmed uptrend. Enter a
long trade above entry-level with stop below 94.031.

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New Zealand Dollar / Japanese Dollar) (NZD/JPY is trading in a rectangle channel chart
pattern on its daily chart between upper trend line 88.351 lower trend line 80.452. Along
trade may be entered if price breaks above the upper trend line with stop below the mid-
channel level 84.320 and vice-versa. Breakout targets are 2191.1228, 2373.4044. breakdown
targets are 1456.7815, 1275.5804.

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British Pound / Canadian Dollar) (GBP/CAD)is trading in a rectangle channel chart pattern
on its daily chart above the upper trend line 1.68433 lower trend line 1.60779. A long trade
may be entered if price breaks above the upper trend line with stop below the mid-channel
level 1.64606and vice-versa. Breakout targets are 1.72260, 1.76044. breakdown targets are
1.56952, 1.53168.

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British Pound/ Australian Dollar (GBPAUD) is trading a Cup and Handle Pattern on its
daily chart and the price is trading above the breakout level 1679.34.
C&H patterns are valid only when the price closes above the breakout level. A long trade is
entered above the breakout level with stop placed below the lowest low of the Handle Targets:
62%: 1.89300, 79%: 1.91032 targets zone1, 127%: 1.96154, 162%: 1.99802 target zone2.

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British Pound/ US Dollar (GBPUSD) is trading in INV. H&S Pattern on its daily chart. A
Long entry is entered when price closes above the neckline with a strong uptrend. Enter a long
trade above 1.22935 and place a stop below the mid of the Right shoulders Targets are placed
from 62%: 1.35035 to 79%: 1.38239 in target1 zone.

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