The Secrets of Trading Chart Patterns Like The Pros

TCPLTP 25 MAR 24’
A Weekly Publication 046
The Secrets Of Trading Chart

Patterns Like The Pros
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The Secrets Of Trading
Chart Patterns Like The Pros
a weekly publication
by Constantino DeLa
Illustrations by trading view trade chart patterns like the pros
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Examples of trades in this document are hypothetical and are for illustrative
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should not be construed as advice or endorsement of any specific trading strategy.
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readers are advised that hypothetical trading results have certain limitations. Unlike
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The contents of this document are intended solely for educational purposes. It is
important to emphasize that none of the chart patterns, chart setups, or any other
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recommendations. Trading in any financial market involves a high level of risk. As
such, you should be aware that you bear full and exclusive responsibility for all
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contents are not tailored to the needs of any individual investor. Before making any
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Table of Contents
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S&P 500 Index's
The S&P 500 Index stands as a cornerstone of the global financial landscape, revered for its rich history and
unparalleled significance. Let's delve deeper into its journey and explore the intricacies that underpin its current
status, now soaring to unprecedented heights at 5200:
Historical Genesis: The genesis of the S&P 500 can be traced back to 1957 when it was meticulously crafted by the
venerable financial institution, Standard & Poor's (S&P). Emerging as a beacon of market representation, this index
was ingeniously designed to encapsulate the essence of the U.S. stock market by assembling a formidable lineup of
500 leading companies. These select entities, meticulously chosen based on stringent criteria encompassing market
capitalization, liquidity, and sectoral diversity, collectively embodied the pulse of America's economic prowess.
Defining Features: Embedded within the DNA of the S&P 500 are several defining features that have cemented its
status as a paragon of market benchmarks
Market Representation: With a breadth spanning across diverse industries and sectors, the S&P 500 stands tall as a
quintessential barometer, offering investors an unrivaled panoramic view of the U.S. economy's ebbs and flows
Market Capitalization Weighting: A hallmark of its methodology lies in market capitalization weighting, endowing
larger constituents with a commensurate sway over the index's movements, thus mirroring the dynamism of
corporate America
Sectoral Diversity: From the bustling tech corridors to the steadfast bastions of finance and healthcare, the index
traverses a kaleidoscopic spectrum of sectors, furnishing investors with a nuanced portrayal of the economy's
multifaceted tapestry
Performance Benchmark: The S&P 500 serves as a lodestar, guiding investors and fund managers alike in their quest
for alpha. Its hallowed corridors echo with the footsteps of countless portfolios, each aspiring to outshine against
this beacon of excellence.
Scaling New Heights: Emblazoned with a fresh crest at 5200, the S&P 500 embarks on yet another chapter in its storied
narrative, an ascent marked by resilience, innovation, and unwavering investor confidence. This all-time high serves
as a testament to the inexorable spirit of American enterprise, a triumph borne out of decades of toil, triumph, and
transformation.
Market Implications: The reverberations of this milestone are palpable across trading floors and boardrooms, igniting a
fervor of optimism while also beckoning a prudent appraisal of market fundamentals. As investors bask in the glow of
newfound highs, the specter of valuation concerns and the potential for market gyrations loom large, underscoring
the imperative of vigilance and discernment.
Conclusion: In the tapestry of global finance, the S&P 500 stands as a shimmering thread, weaving together the
aspirations, achievements, and aspirations of millions of investors worldwide. Its journey from inception to its current
zenith at 5200 epitomizes the indomitable spirit of innovation, adaptability, and resilience. As we navigate the ever-
evolving landscape of financial markets, the S&P 500 serves as a lodestar, illuminating our path towards prosperity and
progress.
Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros

S&P MOVING AVERAGES
EMA 5
EMA 13
EMA 50
SMA 200
S&P 500 Technical Analysis
On the chart for the S&P 500, several moving averages are highlighted to provide insights into dynamic support levels
EMA 5 (Exponential Moving Average with a period of 5) is marked as blue
EMA 13 (Exponential Moving Average with a period of 13) is marked as magenta
EMA 50 (Exponential Moving Average with a period of 50) is marked as green
SMA 200 (Simple Moving Average with a period of 200) is marked as orange.
These moving averages serve as dynamic support levels, indicating areas where buying pressure may increase or
where bullish trends may find support. Currently, the price of the S&P 500 is trading above these dynamic trendlines,
suggesting a bullish sentiment in the market.
Traders may look for potential buying opportunities or bullish trends to be confirmed when the price remains close to
or above these dynamic support levels. If the price approaches these trendlines during a pullback or correction, it
may present an opportunity for traders to enter long positions, anticipating a continuation of the bullish trend.

S&P 500 SYM. TRIANGLE
S&P 500 Symmetrical Triangle Breakout Analysis

Pattern Formation
The S&P 500 recently formed a symmetrical triangle pattern on its weekly chart
This pattern typically signifies a period of consolidation and indecision in the market.
Breakout Confirmation
The price successfully broke above the upper trendline of the symmetrical triangle, confirming a bullish breakout
The breakout occurred at a significant level, marked by the Breakout: 4139.22.
Current Price Action

Following the breakout, the price is currently trading below Target Zone 2
Target Zone 2 levels include
127% Fibonacci extension: 5386.2
162% Fibonacci extension: 5675.40

S&P 500 CUP & HANDLE
S&P 500 Technical Analysis
The S&P 500 index is exhibiting a 'Cup and Handle' formation on its weekly chart, a pattern often
associated with bullish continuation.
Current Trading Position: The index is trading below the key breakout level of 4815.92. For the 'Cup
and Handle' pattern to be deemed valid, the price must consistently trade above this breakout
level, supported by a confirmed bullish trend.
Pattern Significance: The 'Cup and Handle' is a bullish continuation pattern, suggesting potential
upward momentum if the price breaks above the identified level. However, as the price is currently
below this level, traders should monitor for any upward movement that would validate this pattern.
Risk Management - Stop-Loss Strategy: When considering a trade based on this pattern, it's prudent
to set a stop-loss. Two strategic positions for the stop-loss are
Below the low preceding the breakout level.
At the midpoint of the handle, which acts as a secondary support level.

S&P 500 CUP & HANDLE
S&P 500 'Cup and Handle' Formation Analysis Update

Pattern Identification: 'Cup and Handle' formation spotted on the weekly chart.
Current Position: Trading gracefully above the breakout level of 4815.92.
Pattern Significance: Bullish continuation pattern detected, hinting at potential upward momentum.
Consistent trading above the breakout level is vital for pattern validation.
Risk Management - Stop-Loss Strategy:
Prudent move to set a stop-loss for market safety. Strategic stop-loss placements
Below the low preceding the breakout level
At the midpoint of the handle - a secondary support level.
Target Projections: Target Zone 1 (62%): 5634.84 Target Zone 2 (79%): 5857.40
Partial Take Profit: Consider a partial take at 38%: 5325.92

NAS100 CUP AND HANDLE
Nasdaq 100 (Nas100USD) Technical Analysis
Nasdaq 100 (Nas100USD) Technical Analysis Update
The Nasdaq 100 is currently showcasing a 'Cup and Handle' pattern on its weekly chart, a formation
that's often indicative of a bullish continuation trend.
Current Trading Position: The index is nearing the critical breakout level of 16767.80. For the 'Cup and
Handle' pattern to be validated, the price needs to break and hold above this level, coupled with a
confirmed bullish trend.
Pattern Significance: The 'Cup and Handle' pattern is recognized as a bullish signal in technical
analysis, indicating potential upward momentum upon a successful breakout. The current proximity
of the price to the breakout level calls for close monitoring to capture the potential trend shift.

NAS100 CUP AND HANDLE
Nasdaq 100 (Nas100USD) Technical Analysis Update

Current Trading Position: The index confidently resides above the critical breakout level at 16767.80. Maintaining this
position, coupled with a confirmed bullish trend, is pivotal for pattern validation.
Pattern Significance: The 'Cup and Handle' formation, a distinguished bullish signal, implies potential upward
movement post a successful breakout. The index's current position above the breakout level solidifies the pattern's
validity.
Observation and Caution: While the pattern paints a positive picture, traders are advised to blend this analysis with
broader market conditions and their established trading strategies. Technical patterns serve as tools, not the sole basis
for trading decisions.
Target Projections: 62%: 20663.13 79%: 21721.65 Consider partial taking at 38%: 19181.21

US30 CUP & HANDLE
Dow Jones Industrial Average (US30) Technical Analysis
Pattern Identification: The Dow Jones Industrial Average (US30) has formed a 'Cup and Handle'
pattern on its daily chart. This pattern is generally considered a bullish signal, indicating a potential
continuation of the upward trend.
Market Position: The price is currently trading above the breakout level, which is near 36936.36. The
breakout above this level is a crucial factor in confirming the validity of the 'Cup and Handle'
pattern.
Key Levels: The breakout level of 36936.36 is the key focus. Maintaining above this level can reinforce
the bullish outlook.
Risk Management Strategy: For managing risk, a stop-loss could be placed at the midpoint of the
handle or alternatively below the low previous to the breakout, which is at 35828.35. This placement
helps mitigate downside risk while allowing room for the pattern to develop.
Target Projections: The target zones are set based on the pattern's size and technical projections.

US30 CUP & HANDLE
Dow Jones Industrial Average (US30) Technical Analysis Update:
Pattern Identification: The Dow Jones Industrial Average (US30) showcases a 'Cup and Handle' pattern on its daily
chart. This pattern is typically seen as a bullish indicator, hinting at a potential upward trend continuation.
Market Position: Currently, the US30 is trading above a crucial breakout level near 36936.36. A sustained breakout
above this point is essential to validate the 'Cup and Handle' pattern.
Key Levels: The breakout level of 36936.36 is the primary focus. Remaining above this level could strengthen the bullish
outlook.
Risk Management Strategy: A stop-loss might be strategically placed either at the handle's midpoint or below the
recent low before the breakout, which is at 35828.35. This is to manage downside risks while allowing the pattern to
materialize.
Target Projections:
Target zones are based on the pattern's dimensions and technical analysis
Zone 1 at 62%: 42104.1
Zone 2 at 79%: 43562.31 These zones are potential areas for taking profits or reassessing the market momentum.
US30 HANDLE STRUCTURE TRAP
US30 (Dow Jones Industrial Average)
Pattern Observed: Cup and Handle pattern.
Handle Structure Breakdown

Recent analysis focused on the handle structure of the Cup and Handle pattern on the US30's weekly chart, dating
back to October 2023
Emphasis was placed on understanding price action reversal patterns, particularly their importance in identifying
potential market reversals
In recent weeks, there has been an in-depth study of how to use the highs of price action reversal patterns for
projecting both targets and potential reversals.
Recent Observations
The US30 exhibits a price action reversal pattern at the handle low
Utilizing Fibonacci projections from its high reveals key levels: 161.8%, 200%, 261.8%, and finally, 423.6%
Notably, the 423.6% extension coincides with the 38% retracement of the Cup depth at 40147.
Analysis
The 40147 level becomes significant, and observing price behavior around this level will be crucial
This level may act as a potential point for a reversal pattern
Traders should monitor how the price behaves at 40147 for potential trading opportunities.

DXY CROWN
US Dollar Index (DXY) Technical Analysis:
The US Dollar Index (DXY) is currently trading above the 102.467 level. With resistances identified at 104.699 and
107.348, the market is exhibiting a pattern reminiscent of a "Crown," which is similar to the head and shoulders pattern.
Key Levels
Current Price Position: Above 102.467
Resistance Levels: 104.699 and 107.348.
Pattern Analysis:
The reference to a "Crown" pattern suggests a formation akin to the head and shoulders, which often signifies
potential trend reversals. Vigilant monitoring of these resistance levels is essential to assess potential trend shifts or
continuation.
Potential Targets
62% Fibonacci Projection: 112.168
Vigilant monitoring of price action at these resistance levels is essential to assess potential trend shifts or continuation.

DAX CUP & HANDLE
DAX GER 30 Technical Analysis
The DAX GER 30, Germany's benchmark stock index, has exhibited a bullish 'Cup and Handle'
pattern on its weekly chart. Notably, the index has surpassed the critical breakout level,
reinforcing the pattern's validity.
Breakout Level: The price has successfully breached the breakout point at 16305.21. This breakout
is a key indicator of potential upward momentum, in line with the 'Cup and Handle' formation.
Confirmation of Trend: It's essential to recognize that 'Cup and Handle' patterns are deemed
reliable when accompanied by a confirmed trend post-breakout. Traders should look for
additional indicators or market confirmations to support this trend.
Stop-Loss Strategy: A prudent stop-loss has been placed at the midpoint of the 'handle' portion
of the pattern, at 15465.59. This level provides a safety net against potential downward price
movements.
Target Zones:
Zone 1: The first target is set at the 62% Fibonacci level of the pattern's range, calculated at
19078.70.
Zone 2: The second target aims for the 79% Fibonacci level, marked at 19817.23.
DAX CUP & HANDLE
DAX GER 30 Technical Analysis Update
The DAX GER 30, Germany's benchmark stock index, has exhibited a bullish 'Cup and Handle' pattern on its weekly
chart, signaling potential upward momentum in the market. Following a successful breakout above the critical level
of 16305.21, the pattern's validity is reinforced.
Confirmation of Trend: Traders should remain vigilant for additional indicators or market confirmations to solidify the
upward trend post-breakout.
Stop-Loss Strategy: A prudent stop-loss has been placed at the midpoint of the 'handle' portion of the pattern,
situated at 15465.59. This level serves as a safeguard against potential downward price movements.
Target Zones:
Zone 1: The first target is identified at the 62% Fibonacci level, located at 19078.70. Zone 2: The second target aims for
the 79% Fibonacci level, positioned at 19817.23.
Update: With the price currently trading at the 38% Fibonacci level of 18009.11, traders may consider taking partial
profits at this level, while closely monitoring further price movements for potential opportunities.

GOLD(M) RECTANGLE CHANNEL
Gold Chart Analysis - MONTHLY:
On the monthly chart, Gold has successfully breached above the upper trendline, confirming a breakout at 2075.10.
This breakout indicates the emergence of a rectangle channel pattern.
Rectangle channel patterns are deemed valid when prices trade above the long entry level with a confirmed trend.
Traders typically place their stop-loss orders below the low preceding the breakout to manage risk effectively.
The current price is situated at the 127% Fibonacci extension level of the CD leg, marked at 2195.19. Ideally, prices
should find support no lower than 2039.10 to maintain the bullish bias.
Traders may consider the following targets

162% Fibonacci extension of the CD leg: 2351.4
200% Fibonacci extension of the CD leg: 2525.56
These levels represent potential areas where traders may look to take profits or adjust their positions based on the price
action and market conditions.

GOLD MOVING AVERAGES
EMA 5
EMA 13
EMA 50
SMA 200
GOLD Technical Analysis
Currently, the price of GOLD is trading below the EMA 5, with the EMA 13 positioned slightly lower, suggesting potential
support levels for the price.
On the GOLD chart, we observe several key moving averages highlighting dynamic support levels
EMA 5 (Exponential Moving Average with a period of 5), indicated in blue
EMA 13 (Exponential Moving Average with a period of 13), marked in magenta
EMA 50 (Exponential Moving Average with a period of 50), represented in green
SMA 200 (Simple Moving Average with a period of 200), depicted in orange.
These moving averages serve as crucial reference points, reflecting areas where buying pressure may intensify or
where bullish trends could find support. Presently, GOLD is trading below these dynamic trendlines, hinting at a
prevailing bearish sentiment in the market.

GOLD(W) AB=CD BEARISH
Gold Chart Analysis - Weekly:
On the weekly timeframe, the gold chart has formed a geometrically shaped AB=CD bearish pattern, with the price
currently trading near the short entry level (EL) at 2162.704. Additionally, there is a wall identified at 2125.734, which
may act as a potential level of support or resistance.
If the price continues to trade below the entry level and breaks below the identified wall level, traders may anticipate
potential downside movement. In such a scenario, the price could target the 23% Fibonacci retracement level of the
AD leg, which is calculated at 2064.117.
As always, it's essential for traders to closely monitor price action, confirm the validity of the pattern, and implement
appropriate risk management strategies to navigate potential market movements effectively.

GOLD(D) PA TRAP
Gold Chart Analysis - DAILY
On the daily timeframe, the gold chart displays a price action reversal pattern trap, with the price currently trading
above the breakout level identified at 2146.16. This breakout level serves as a crucial point of interest for traders, as it
indicates potential bullish momentum in the market.
However, traders should remain cautious, as a break and trade below the breakout level at 2146.16 could signal a
reversal of the bullish trend. In such a scenario, the price may head towards the 62% Fibonacci retracement level,
calculated at 2099.34.

CRUDE OIL BUTTERFLY
Crude Oil Technical Analysis Pattern Identification:
Crude oil has formed a bullish butterfly pattern on its daily chart, and the price is currently
trading at 71.146. Butterfly bullish patterns are only valid when the price trades above the long
entry level with a confirmed trend. Place a stop below ST: 67.891.

CRUDE OIL BUTTERFLY
Target1
Crude Oil Technical Analysis Pattern Identification:
Crude oil has formed a 'Bullish Butterfly' pattern on its daily chart. The Bullish Butterfly is a harmonic pattern, often
indicative of potential bullish reversals at the end of a downtrend.
Current Price: The price is noted at 71.146. The validity of the Bullish Butterfly pattern is contingent upon the price
action trading above a specific long entry level.
Trading Strategy:
Entry Point: Consider entering a long (buy) position when the price shows confirmed trading above the long entry
level.
Trend Confirmation: It's important to seek confirmation of a bullish trend through other technical indicators or
price action. This could include looking for bullish candlestick formations, upward trend signals from moving
averages, or momentum indicators turning positive.

AUDUSD INV.HEAD&SHOULDER
AUDUSD Inverted Head and Shoulders Pattern

Pattern Identification: AUDUSD has successfully formed an Inverted Head and Shoulders Pattern.
Current Position: The price is currently trading above the Entry Level (EL) at 0.65842, particularly on the right
shoulder.
Breakout Confirmation: To confirm the pattern, a decisive trade above the Breakout level at 0.68724 is crucial. A
breakout accompanied by a surge in volume adds strength to the price action.
Targets: Keep an eye on updated targets as the pattern evolves.
Note: Stay vigilant for breakout confirmation and monitor volume dynamics for a comprehensive assessment.

AUDUSD 121 BULLISH
AUDUSD 121 Pattern

On the 4-hour chart, the AUD/USD pair has formed a 121 bullish pattern, indicating a potential bullish reversal in the
market. Currently, the price is testing the long entry level (EL) at 0.65158, showing initial signs of bullish momentum.
A significant development is the price breaking above the wall resistance level at 0.65489 and the 38% Fibonacci
retracement level of the XC leg at 0.65896. These breakouts suggest increasing bullish pressure and further validate
the potential bullish scenario.
Traders can set their initial targets as follows

Target 1: Positioned at the 62% Fibonacci retracement level of the XC leg, marked at 0.66428
Target 2: Set at the 79% Fibonacci retracement level of the XC leg, located at 0.66803.
It's important to note that these targets should be considered while the price remains above the long entry level. T

AUDUSD DOUBLE BOTTOM
Australian Dollar/US Dollar (AUD/USD)
On the 1-hour chart of AUD/USD, there is a visible price action reversal pattern known as a double bottom formation.
This pattern often indicates a potential trend reversal from bearish to bullish. Traders typically look to enter long
positions after the breakout above the high of the two bottom bars.
Additionally, traders may observe the crossing of moving averages as a confirmation signal of the bullish momentum.
When shorter-term moving averages cross above longer-term moving averages, it suggests strengthening bullish
sentiment in the market.
For profit-taking targets, traders can consider the following levels based on Fibonacci retracement
Target 1: Positioned at the 62% Fibonacci retracement level of the AB leg, located at 0.65910
Target 2: Set at the 79% Fibonacci retracement level of the AB leg, marked at 0.66128.
It's crucial to wait for the breakout confirmation above the level of 0.66409, as it adds further validation to the bullish
bias. Traders should exercise proper risk management techniques and closely monitor price action for entry and exit
signals.

AUDUSD DOUBLE DRIVE
Australian Dollar/US Dollar (AUD/USD)
AUDUSD Daily Chart Analysis:
AUDUSD has formed a Double Drive Bearish pattern on its daily chart, indicating a potential reversal in the market
sentiment. Currently, the price is trading near the support level at 38% XA, marked at 0.65042. If the price breaks
below this support level, it could signal further downside momentum, with the next potential target at the 62% XA
level, located at 0.64033.

EURUSD BUTTERFLY
EUR/USD Price Analysis:
Support Level:EUR/USD has found support at 1.07234.
Potential Price Movement:With the support identified, there's a possibility of the price heading higher in the coming
weeks.
Possible Target:Consider monitoring the 38% retracement level, marked at 1.08638, as a potential target.
Analysis
The support at 1.07234 may act as a key level for a potential bullish move
A move towards the 38% retracement level could indicate a recovery or continuation of an upward trend.

EURUSD W

EURUSD HEAD&SHOULDERS

EURUSD ABC BULLISH
On the hourly chart of EUR/USD, an ABC bullish pattern has materialized, with the price currently trading below the
Long Entry Level (EL) indicated at 1.08273. Traders should diligently monitor price movements as it approaches the
Wall level, marked at AD: 1.08693. The breach of this level could signal a potential bullish continuation.
For partial profit-taking and target setting, traders may consider the following levels based on the ABC pattern
38% AD: 1.0911
62% AD: 1.0977
79% AD: 1.10249

GBPUSD V-BOTTOM
British Pound/US Dollar (GBP/USD) Technical Analysis:
Pattern: The GBP/USD pair is displaying a V Bottom pattern on its weekly chart. This formation is often recognized
as a reversal pattern, suggesting a rapid recovery following a substantial decline.
Current Price Position: Presently, the pair is trading above the critical breakout level, set at 1.24340.
Trading Strategy:
Confirmation: It's important to ensure that the price consistently stays above 1.24340 to confirm the legitimacy of
the V Bottom pattern. Maintaining above this level could indicate the continuation of upward momentum.
Risk Management: Vigilant monitoring of price movements is key. A significant fall below the breakout level could
negate the pattern, calling for a reevaluation of the strategy.
Support and Resistance: Monitoring key support and resistance levels is crucial, as these levels can offer insight
into potential points for adjusting take-profit or stop-loss orders.

GBPUSD ABC
British Pound/US Dollar (GBP/USD) Technical Analysis:
On the hourly chart of GBP/USD, an ABC bullish pattern has formed, with the price currently trading below the Entry
Level (EL) marked at 1.26074. Traders should closely monitor the price action as it approaches the Wall level at
1.26641. It's crucial to observe if the price manages to trade above this level, as it could indicate a potential bullish
continuation.
Considering partial profits, traders may target the following levels based on the ABC pattern
38% AB: 1.2719
62% AB: 1.2807
79% AB: 1.28708

USDCAD RECTANGLE CHANNEL
USDCAD - RECTANGLE CHANNE

Pattern Identification: The USDCAD is observed to be trading within the boundaries of a rectangle channel
Key Levels
Upper Trend Line Breakout: 1.3977
Lower Trend Line Breakout: 1.33020

USDCAD ABC BULLISH
USD/CAD ABC Bullish Pattern Update:
Pattern Identification: USD/CAD is currently trading within an ABC Bullish Pattern.
Long Entry Level (EL): 1.33007.
Targets
62% retracement of AB: 1.36760
79% retracement of AB: 1.38108.
Current Position: USD/CAD found support at the 38% retracement level of AB, marked at 1.33007, and has now started
moving towards the targets.
Considerations
The price successfully found support at the 38% retracement level, indicating bullish momentum
Traders should now monitor the price action as it approaches the target levels for potential profit-taking or further
bullish confirmation.

USDCAD 121 BULLISH
USDCAD 121 Bullish Pattern

Pattern Identification: USDCAD is currently trading a 121 Bullish Pattern on its daily chart.
Current Position: The price is trading above the Long Entry Level (EL) at 1.34769, confirming the validity of the
pattern.
Pattern Confirmation: 121 Bullish Patterns are considered valid only when the price trades above the Long Entry
Level with a confirmed trend.
Trade Execution: Execute a long entry above the Long Entry Level.
Targets: Monitor the following targets for potential price movements

62% XC: 1.3682
79% XC: 1.37551
Partial Take Profit: Consider partial profit-taking at 38% XC: 1.35824.
Note: Keep an eye on the confirmation of the pattern and adapt your strategy based on market conditions.

USDCAD 121 BULLISH
USDCAD 121 Bullish Pattern

Pattern Identification: USDCAD is currently trading a 121 Bullish Pattern on its daily chart.
Current Position: The price is trading above the Long Entry Level (EL) at 1.34769, confirming the validity of the
pattern.
Pattern Confirmation: 121 Bullish Patterns are considered valid only when the price trades above the Long Entry
Level with a confirmed trend.
Trade Execution: Execute a long entry above the Long Entry Level.
Targets: Monitor the following targets for potential price movements

62% XC: 1.3682
79% XC: 1.37551
Partial Take Profit: Consider partial profit-taking at 38% XC: 1.35824.
Note: Keep an eye on the confirmation of the pattern and adapt your strategy based on market conditions.

USDJPY CUP & HANDLE
US Dollar/Japanese Yen (USD/JPY) Technical Analysis:
Pattern: On its daily chart, the USD/JPY pair is displaying a Cup and Handle pattern, commonly regarded as a
bullish continuation pattern. This suggests a potential upward movement if the pattern is confirmed.
Current Price Position: Presently, the price is trading below the critical breakout level, identified at 151.928.
Trading Strategy:
Confirmation: For the Cup and Handle pattern to be considered valid, it's essential for the price to close above the
breakout level of 151.928. Along with this, a confirmed uptrend is necessary to establish the pattern's reliability.
Risk Management: Setting a stop-loss is recommended below the midpoint of the handle. This strategic placement
helps in mitigating potential losses while allowing for the pattern to potentially play out.

USDJPY ASC. TRIANLGE
USDJPY Ascending Triangle Pattern

Pattern Identification: USDJPY has formed an Ascending Triangle pattern on its daily chart.
Pattern Characteristics: Ascending Triangles can act as both continuation and reversal patterns.
Trade Consideration: A trade signal is generated by trading above the upper trendline or below the lower trendline
breakout level.
Pattern Confirmation: Ascending Triangle patterns require confirmation with a breakout supported by a confirmed
trend.

USDJPY ASC. TRIANLGE
USDJPY Ascending Triangle Pattern

Pattern Identification: USD/JPY has formed an Ascending Triangle Pattern on its hourly chart.
Breakout Level: The breakout level is identified at 151.817.
Pattern Validation: Ascending Triangle patterns are deemed valid when the price trades above the breakout level
with a confirmed trend.
Stop Placement: Place a stop-loss order below the low prior to the breakout to manage risk effectively.
Targets
Target Zone 1
62% Fibonacci retracement: 152.78
Target Zone 2

USDCHF
SMA 200
The USD/CHF currency pair, often referred to as 'The Swissie', reflects the intricate dynamics surrounding the Swiss
Franc, the last Franc still in circulation in Europe. The abbreviation 'CHF' originates from 'Confoederatio Helvetica'
Franc, symbolizing the robust economy of Switzerland, a neutral nation nestled at the heart of Europe.
Switzerland's historical role as a prominent banking hub has endowed the Swiss Franc with a reputation for
stability and reliability. The discreet nature of Swiss banking operations has attracted clientele worldwide, making
Switzerland a coveted destination for safeguarding assets.
This financial prowess has contributed to the Swiss Franc's enduring strength, exerting pressure on exporters within
the nation due to the currency's appreciation.
During the tumultuous period of the European Debt Crisis, the Swiss Franc faced intensified inflows as investors
sought refuge from uncertainty, exacerbating economic challenges. In response, the Swiss National Bank (SNB)
intervened by establishing a peg to the Euro, fixing the exchange rate at 1.2 Swiss Francs for every 1 Euro, in an
effort to mitigate the adverse impacts on the Swiss economy.≠

USDCHF MOVING AVERAGES
EMA 5
EMA 13
EMA 50
SMA 200
On the chart for USD/CHF, several moving averages are highlighted to provide insights into dynamic support
levels
EMA 5 (Exponential Moving Average with a period of 5) is marked as blue
EMA 13 (Exponential Moving Average with a period of 13) is marked as magenta
EMA 50 (Exponential Moving Average with a period of 50) is marked as green
SMA 200 (Simple Moving Average with a period of 200) is marked as orange.
These moving averages serve as dynamic support levels, indicating areas where buying pressure may increase or
where bullish trends may find support. Currently, the price of USD/CHF is trading above these dynamic trendlines,
suggesting a bullish sentiment in the market.
Golden Setup:
Additionally, USD/CHF is exhibiting a Golden Cross setup, which occurs when a short-term moving average
crosses above a long-term moving average. In this case, the EMA 5 has crossed above the SMA 200, indicating a
potential bullish momentum shift in the market.
Traders may look for potential buying opportunities or bullish trends to be confirmed when the price remains close
to or above these dynamic support levels. If the price approaches these trendlines during a pullback or correction,
it may present an opportunity for traders to enter long positions, anticipating a continuation of the bullish trend.
USDCHF CRAB BULLISH
USD/CHF (US Dollar/Swiss Franc) Technical Analysis:
Pattern Identified: On the daily chart, the USD/CHF pair has formed a Crab Bullish Pattern. This is a type of harmonic
pattern that can indicate potential bullish reversals.
Current Price Position: The pair is currently trading above and near the long entry level, indicating bullish sentiment.
Long Entry Level (EL): The long entry level is set at 1.10437. The Crab Bullish Pattern is considered active when the price
trades above this level.
Pattern Validity: The pattern remains valid as long as the price sustains above the entry level, ideally supported by a
Stop Placement: The designated stop level (D ST) is placed below 0.83379. This level is set to manage and limit
potential losses.
Target Zones:
Target 1 (23% AD): The first profit target is set at 0.85470, representing a 23% adjustment from the pattern's range.  
Target 2 (38% AD): The second profit target is at 0.86849, representing a 38% adjustment.
USDCHF CRAB BULLISH
USD/CHF (US Dollar/Swiss Franc) Technical Analysis:
Pattern Identified: A Crab Bullish Pattern has been identified on the daily chart, suggesting potential bullish reversals.
Current Price Position: The pair is currently trading near the 79% AD level, indicating a bullish sentiment.
Long Entry Level (EL): The long entry level remains at 1.10437. The Crab Bullish Pattern is active as long as the price
trades above this level.
Pattern Validity: The pattern is valid as long as the price remains above the entry level, preferably supported by a
Stop Placement: The designated stop level (D ST) is set below 0.83379 to manage and limit potential losses.
Target Zones:
Target 1 (23% AD): The first profit target remains at 0.85470, representing a 23% adjustment from the pattern's range.
Target 2 (38% AD): The second profit target remains at 0.86849, representing a 38% adjustment.

USDCHF(W) AB=CD
Monitoring USDCHF - AB=CD Pattern

USD/CHF on its weekly chart is currently exhibiting an AB=CD bullish pattern, indicating a potential bullish reversal in
the market. As the price approaches its retracement targets, traders should pay close attention to potential levels of
resistance and support for strategic entry and exit points.

USDCHF(H1) TRAP
Monitoring USDCHF
On the hourly chart of USD/CHF, a notable price action reversal pattern is emerging, characterized by the price
trading at the neckline level of 0.89706. This pattern suggests a potential reversal in the ongoing market trend.
The neckline, marked at 0.89706, serves as a critical level in this pattern. A breach of this neckline could signify a
significant shift in market sentiment, potentially indicating a reversal from the current trend.

AUDCAD ABC BULLISH
Australian Dollar/Canadian Dollar (AUD/CAD) Technical Analysis
Pattern: ABC Bullish Pattern.
Daily Chart Analysis:
The price has formed an ABC Bullish Pattern.The price is currently trading above the Long Entry Level (EL) at 0.87706.
Pattern Validation:
ABC Bullish Patterns are considered valid only when the price trades above the Long Entry Level with a confirmed
trend.
Stop Placement:
Place a stop-loss below the Support (ST) level at 0.87258 to manage potential losses.
Partial Profit-Taking:
Consider partial profit-taking at the 38% retracement level: 0.89176.
Targets:
62% retracement of AB: 0.90363.79% retracement of AB: 0.91172.

AUDCAD ABC BULLISH
Australian Dollar/Canadian Dollar (AUD/CAD) Technical Analysis
Pattern: ABC Bullish Pattern.
The price has formed an ABC Bullish Pattern.The price is currently trading above the Long Entry Level (EL) at 0.87706.
Pattern Validation:
ABC Bullish Patterns are considered valid only when the price trades above the Long Entry Level with a confirmed
trend.
Stop Placement:
Place a stop-loss below the Support (ST) level at 0.87258 to manage potential losses.
Partial Profit-Taking:
Consider partial profit-taking at the 38% retracement level: 0.89176.
Targets:
62% retracement of AB: 0.90363.79% retracement of AB: 0.91172.

AUDCHF DESCENDING TRIANGLE
Australian Dollar/Swiss Franc (AUD/CHF) Technical Analysis:
Pattern: Descending Triangle.
The price has formed a Descending Triangle pattern. The price is currently trading below the Upper Trendline
Breakout level.
Pattern Characteristics:
Descending triangles are typically considered continuation patterns and can signal a potential bearish
continuation.
Trading Plan:
Monitor the price as it approaches the Upper Trendline Breakout level.If the price breaks above the Upper
Trendline, it may indicate a potential reversal in the pattern. If the price breaks below the Lower Trendline, it could
signal a continuation of the bearish trend.

AUDCHF DESCENDING TRIANGLE
Monitoring AUDCHF - Descending Triangle Breakout

Observation: AUDCHF is currently trading a descending triangle, and the price has broken above the upper trend
line, indicating a potential breakout. Descending triangles can act as both continuation and reversal patterns.
Key Focus Areas

Breakout Confirmation: Observe the confirmation of the breakout above the upper trend line
Stop Placement: Consider placing a stop below the low preceding the breakout for risk management
Target Zones: Identify target levels based on the Fibonacci retracement percentages.
Possible Actions
Long Positions: Evaluate the potential for long positions after a confirmed breakout
Risk Management: Set a strategic stop-loss to manage risks effectively
Targets: Use Fibonacci levels (38%, 62%, 79%) as potential target zones.
Adaptability
Be flexible in your approach based on real-time price movements
Continuously monitor for any changes in the technical landscape.

CADJPY CUP & HANDLE
Canadian Dollar/Japanese Yen (CAD/JPY) Technical Analysis:
Pattern Identification: The CAD/JPY pair is displaying a Cup and Handle pattern on its weekly chart.
Current Price Position:The price is currently trading above the breakout level set at 110.624.
Trading Strategy
Breakout Confirmation: The Cup and Handle pattern is considered valid only when the price trades above the
breakout level, which, in this case, is 110.624. This breakout should be accompanied by a confirmed uptrend
Stop Placement: A stop loss is advised to be placed at the midpoint of the handle, marked at 107.376. This level
acts as a safety net against potential downward movements.
Target Levels
Target 1 (62%): The initial target is set at 120.845, representing a 62% retracement level
Target 2 (79%): The second target is identified at 123.620, corresponding to a 79% retracement.

CADJPY CUP & HANDLE
Canadian Dollar/Japanese Yen (CAD/JPY) Technical Analysis:
CAD/JPY Cup and Handle Pattern Analysis:
Pattern Identification: The CAD/JPY pair is displaying a Cup and Handle pattern on its weekly chart.
Current Price Position: The price is currently trading above the breakout level set at 110.624.
Trading Strategy:
Breakout Confirmation: The Cup and Handle pattern is considered valid only when the price trades above the
breakout level, which, in this case, is 110.624. This breakout should be accompanied by a confirmed uptrend.
Stop Placement: A stop-loss is advised to be placed at the midpoint of the handle, marked at 107.376. This level acts
as a safety net against potential downward movements.
Target Levels
Target 1 (62%): The initial target is set at 120.845, representing a 62% retracement level
Target 2 (79%): The second target is identified at 123.620, corresponding to a 79% retracement.

CHFJPY CUP & HANDLE
CHF/JPY Technical Analysis:
Pattern Identification: CHF/JPY is trading a Cup and Handle pattern on its monthly chart.
Current Price Position: The price is trading above the breakout level identified at 149.799.
Target Zones:
38% Retracement: The price is currently situated at the 38% retracement level of the Cup and Handle pattern,
marked at 168.284.
Target Zone 1 (62%): The initial target is set at 179.736, representing a 62% retracement level.
Target Zone 2 (79%): The second target is identified at 187.879, corresponding to a 79% retracement.
Trading Strategy:
Breakout Confirmation: Confirm the Cup and Handle pattern with the price trading consistently above the
breakout level.
Entry Point: A potential long (buy) entry could be considered with confirmation of the bullish trend.
Stop Placement: Place a stop loss strategically below the breakout level or at a level that aligns with your risk
tolerance.
CHFJPY ABC BULLISH
CHF/JPY ABC Bullish Pattern Analysis:
Pattern Identification: CHF/JPY is currently forming an ABC bullish pattern on its chart.
Key Levels:
Wall: Positioned at 168.860, potentially acting as resistance. Trading Strategy:
Pattern Confirmation: The ABC bullish pattern will be confirmed if the price trades above the wall at 168.860.
Entry Signal: Consider initiating long positions once the price breaks above the wall level, indicating a confirmed
bullish bias.
Profit Targets: Set profit targets at the 62% Fibonacci retracement level of AB at 169.413 and the 79% Fibonacci
retracement level of AB at 170.908.

AUDNZD AB=CD
AUDNZD Weekly Chart - AB=CD Bullish Pattern Analysis:
Pattern Identification: AB=CD Bullish Pattern.
Recent Price Action

AUDNZD (Australian Dollar to New Zealand Dollar) has recently completed the formation of an AB=CD Bullish
Pattern on its weekly chart
The current trading position is above, near the long entry level marked at 1.06460.
Trading Considerations
AB=CD Bullish Patterns are validated when the price consistently trades above the entry level, accompanied by a
confirmed uptrend
Traders are advised to employ additional technical indicators for a more comprehensive analysis and confirmation
of the bullish trend.

AUDNZD AB=CD
Pattern Identification: AB=CD Bullish Pattern.
Recent Price Action

AUDNZD (Australian Dollar to New Zealand Dollar) has recently completed the formation of an AB=CD Bullish
Pattern on its weekly chart
The current trading position is above, near the long entry level marked at 1.06460.
AB=CD Bullish Patterns are validated when the price consistently trades above the entry level, accompanied by a
confirmed uptrend
Traders are advised to employ additional technical indicators for a more comprehensive analysis and confirmation
of the bullish trend.

AUDJPY V-BOTTOM
AUD/JPY Weekly Chart - V=BOTTOM Analysis:
On the weekly chart, AUDJPY is exhibiting a V-bottom pattern, indicating a strong bullish reversal in the market
sentiment. This pattern is characterized by a sharp decline followed by a rapid recovery, forming a "V" shape on the
chart.
Following a successful breakout above the level of 76.366, the price has surged upwards, reaching the target zone.
This reinforces the bullish momentum and suggests further potential upside movement in the pair.
Traders may interpret this as a signal to consider long positions or to maintain existing bullish positions, with targets set
at 127% Fibonacci extension level of 97.641 and 162% Fibonacci extension level of 103.412.

AUDJPY CUP & HANDLE
AUD/JPY Weekly Chart - Cup and Handle Pattern Analysis:
Pattern Identification: Cup and Handle Formation.
Recent Market Movements

AUD/JPY on its weekly chart showcases a prominent Cup and Handle pattern
Current price positioning indicates proximity to the breakout level, identified at 98.648.
Trading Strategy
Cup and Handle patterns are deemed valid when the price convincingly trades above the long entry level,
supported by a confirmed trend
Employing a well-placed stop-loss at the handle's midpoint (ST: 96.211) is prudent to manage potential risks.
Target Zones for Consideration

Target Zone 1
Initial target at the 62% retracement level: 106.477
Subsequent target at the 79% retracement level: 108.540.

AUDJPY ABC
AUD/JPY Daily Chart - ABC Pattern Analysis:
On the daily chart, AUDJPY has developed an ABC bullish pattern, indicating a potential bullish reversal in the market.
Currently, the price is trading near the long entry level (EL) at 97.734, suggesting that the pattern is in the process of
confirming its bullish bias. Traders may consider entering long positions once the price convincingly trades above this
level, confirming the bullish momentum.
The targets for this ABC bullish pattern can be set as follows
62% Fibonacci retracement level of the AB swing: 99.08

AUDJPY ABC
AUD/JPY Daily Chart - ABC Pattern Analysis:
On the daily chart, AUDJPY has developed an ABC bullish pattern, indicating a potential bullish reversal in the market.
Currently, the price is trading near the long entry level (EL) at 97.734, suggesting that the pattern is in the process of
confirming its bullish bias. Traders may consider entering long positions once the price convincingly trades above this
level, confirming the bullish momentum.
The targets for this ABC bullish pattern can be set as follows

AUDJPY 5 WAVES BEARISH
AUD/JPY 5-Waves Bearish Pattern Analysis:
Pattern Identification: AUD/JPY on its daily chart has formed a 5-waves bearish pattern.
Trading Strategy
Pattern Confirmation: Confirm the completion of the 5-waves bearish pattern by assessing the structure and wave
count
Target Calculation: The target for the bearish move can be determined by measuring the length of Wave 1 and
projecting it from the end of Wave 2. This projection provides an estimate of the potential downward movement.

AUDJPY121 BULLISH
AUD/JPY 5-Waves Bearish Pattern Analysis:
Pattern Identification: AUD/JPY on its daily chart is forming a 121 bullish pattern.
Key Levels
Long Entry Level (EL): Not specified in the provided information
Price Completion Zone: 50% XC and 62% XC, identified at 97.844.
Trading Strategy
Pattern Confirmation: Wait for the completion of the 121 bullish pattern by monitoring price action around the
price completion zone
Entry Signal: Consider initiating long positions once the price confirms a bullish reversal from the price completion
zone
Stop Placement: Place stop-loss orders below the recent swing low or a suitable support level to manage risk
Profit Targets: Set profit targets based on your risk-reward ratio and key resistance levels identified on the chart.

EURAUD CUP & HANDLE
EUR/AUD Cup and Handle Pattern Analysis:
Pattern: Cup and Handle pattern.
Weekly Chart Analysis:
The price is forming a Cup and Handle pattern.
The price is currently trading above the breakout level at 1.59641.
Target Levels:
62% retracement level: The price has hit the 62% retracement target at 1.70292.
Current Position:
The price is now trading below, near resistance at the 38% retracement level of 1.66289.
Potential Scenarios:
If the price breaks above the 38% retracement level at 1.66289, it may signal a move back towards the 62%
retracement at 1.70292 and the 79% retracement at 1.73094.
Traders should monitor price action for confirmation of further upward movement or signs of a
reversal.Implementing risk management strategies is crucial, including the use of stop-loss orders and considering
overall market conditions.
EURAUD DOUBLE BOTTOM
EUR/AUD Double Bottom Pattern Analysis:
Pattern: Double Bottom.
The price has formed a Double Bottom pattern.The price is currently trading above the Neckline Breakout level at
1.53990.
Key Levels:
Neckline Breakout: 1.53990.
Current Price Position:
The price is at 100% of the pattern, marked at 1.65127.

EURAUD 121 BULLISH
EUR/AUD 121 Pattern Analysis:
Pattern: 121 Bullish Pattern.
The price is trading within a 121 Bullish Pattern.
The price is currently above the Long Entry Level (EL) at 1.62651.
Key Levels and Targets:
Resistance: The price is finding resistance at the 23% XC level, marked at 1.65543.Further Resistance: A potential
resistance area above is at the 38% XC level, identified at 1.68299.
Targets:
62% XC: 1.72455.
79% XC: 1.75518.
Considerations:
121 Bullish Patterns are considered valid when the price trades above the Long Entry Level with a confirmed
trend.
EURAUD GARTLEY BULLISH
Euro/Australian Dollar (EUR/AUD) Technical Analysis:
Pattern Identification: The Gartley Bullish pattern, identified on the daily chart of EUR/AUD, is a well-known
harmonic pattern in technical analysis. This pattern is characterized by specific Fibonacci retracement and
extension levels and is often seen as a signal for a potential bullish reversal.
Current Price Position: The price is trading below the long entry level (EL) at 1.62341. The long entry level in a
Gartley Bullish pattern is typically identified at a specific Fibonacci level following the completion of the
pattern.
Pattern Validation:
Breakout Confirmation: For the Gartley Bullish pattern to be considered valid, the price should trade above
the long entry level (1.62341). This breakout should be accompanied by increased trading volume to confirm
the bullish momentum.
Confirmed Trend: The validity of the pattern is further reinforced by a confirmed uptrend post-breakout,
which can be assessed using additional technical indicators or price action analysis.
Stop-Loss Strategy:
Placement: A stop should be placed below the designated stop level (D ST) at 1.61389.
EURAUD 121 BULLISH
Euro/Australian Dollar (EUR/AUD) Technical Analysis:
On its daily chart, EURAUD is currently trading a 121 bullish pattern, signaling a potential uptrend reversal. The
long entry level (EL) for this pattern is identified at 1.65366.
The pattern also indicates the presence of a wall, located at the 38% Fibonacci retracement level of the XC
leg, which is calculated at 1.66767. Walls are levels where price may encounter resistance or support,
influencing the direction of the trend.
Traders should monitor the price action around the wall level for potential breakout or reversal signals. If the
price successfully breaks above the wall level, it could signify a continuation of the bullish momentum.
For traders considering entry or position management, the following targets can be observed
Target Zone 1: Set at the 62% Fibonacci retracement level of the XC leg, positioned at 1.68208
Target Zone 2: Positioned at the 79% Fibonacci retracement level of the XC leg, located at 1.69256.

EURCAD ABC BULLISH
Euro/Canadian Dollar (EUR/CAD) Technical Analysis:
EURCAD has formed an ABC Bullish pattern on its daily chart, and the price is currently trading above, near the
long entry level with a possible confirmed uptrend:
Long Entry Level (EL): 1.44947
Targets for this ABC Bullish pattern are

62% Target: 1.5001
79% Target: 1.51488

EURCAD ABC BULLISH
EURCAD has formed an ABC Bullish pattern on its daily chart, and the price is currently trading above, near the
long entry level with a possible confirmed uptrend:
Long Entry Level (EL): 1.44947
Targets for this ABC Bullish pattern are

62% Target: 1.5001
79% Target: 1.51488

EURCAD

EURCAD

EURGBP DOUBLE BOTTOM
Euro/British Pound (EUR/GBP) Technical Analysis:

EURGBP DOUBLE BOTTOM
Euro/British Pound (EUR/GBP) Technical Analysis:
EUR/GBP Double Bottom Pattern Analysis:
Pattern Identification: EUR/GBP on its weekly chart has formed a double bottom pattern.
Key Levels
Long Entry Level (EL): Identified at 0.85498
Neckline Breakout: Confirmation of the double bottom pattern would occur upon a breakout above the neckline.
Trading Strategy
Pattern Confirmation: Wait for the price to confirm the double bottom pattern by breaking above the neckline
Entry Signal: Consider initiating long positions once the neckline breakout is confirmed, indicating a bullish reversal
Stop Placement: Place stop-loss orders below the lowest point of the double bottom pattern to manage risk
Profit Targets: Set profit targets based on the projected move from the pattern's formation. Targets could be set at
the 62% and 79% Fibonacci retracement levels of the AB move.

GBPCHF V-BOTTOM
British Pound/Swiss Franc (GBP/CHF) Technical Analysis:
Pattern: V Bottom.
The price has formed a V Bottom pattern.The price is currently trading below, near the breakout level at 1.11574.
Key Levels:
Breakout Level: 1.11574.
Stop-Loss (ST): 1.10510.
Potential Trading Plan:
V Bottom patterns are considered valid when the price breaks and trades above the breakout level with a confirmed
trend.Set a stop-loss order below the V Bottom pattern's low (1.10510) to manage potential risks
Consider partial profits at 1.12989 and 1.13565.
Expect a potential pullback to the breakout level before targeting higher levels.

GBPCHF V-BOTTOM
British Pound/Swiss Franc (GBP/CHF) Technical Analysis:
Pattern: V Bottom.
The price has formed a V Bottom pattern.The price is currently trading below, near the breakout level at 1.11574.
Key Levels:
Stop-Loss (ST): 1.10510.
Potential Trading Plan:
V Bottom patterns are considered valid when the price breaks and trades above the breakout level with a confirmed
trend.Set a stop-loss order below the V Bottom pattern's low (1.10510) to manage potential risks
Consider partial profits at 1.12989 and 1.13565.
Expect a potential pullback to the breakout level before targeting higher levels.

GBPAUD MONTHLY

GBPAUD(W) V-BOTTOM
British Pound/Australian Dollar (GBP/AUD) Technical Analysis:
Pattern Identification: V-BOTTOM

GBPAUD BUTTERFLY BULLISH
Pattern Identification: The GBP/AUD has formed a Butterfly Bullish pattern on its daily chart. The Butterfly Bullish
pattern is a harmonic pattern that suggests a potential reversal of the existing trend.
Current Price Position: The price is trading near the long entry level (EL) at 1.86856. This level is significant as it
represents the potential reversal point in the market where traders might expect a bullish turnaround.

GBPAUD V-BOTTOM
Pattern: V-bottom pattern.
Confirmation: The price is currently trading above the breakout level with a confirmed trend.
Stop-Loss: Place a stop-loss order below the low preceding the breakout, adhering to your established strategy.
Targets:
62% Target: 1.97662.
79% Target: 1.98871.

GBPAUD V-BOTTOM
Pattern: V-bottom pattern.
Confirmation: The price is currently trading above the breakout level with a confirmed trend.
Stop-Loss: Place a stop-loss order below the low preceding the breakout, adhering to your established strategy.
Targets:
62% Target: 1.97662.
79% Target: 1.98871.

GBPNZD GARTLEY BULLISH
GBPNZD Technical Analysis
Pattern Identification:
GBPNZD is exhibiting a Gartley bullish pattern on its daily chart, suggesting potential trend reversal or continuation.
Current Price Position:
The price is currently trading above the long entry level (EL) at 2.02440, a critical point indicating a potential bullish
movement.
Pattern Significance
Bullish Signal: Gartley patterns are generally interpreted as bullish signals, signaling the possibility of an upward price
movement after pattern completion
Validation of Pattern: For the pattern to be valid, the price must maintain levels above the long entry point at
2.02440, ideally accompanied by a confirmed uptrend.
Entry Point: A sustained move above 2.02440 can be considered an entry signal for a long position, confirming the
bullish nature of the pattern
Volume Analysis: Confirm the breakout with increased volume, indicating stronger market commitment to the new
direction.
GBPNZD INV. HEAD & SHOULDER
On its daily chart, GBPNZD has formed an inverse head and shoulders pattern, a classic reversal pattern indicating a
potential upward movement in price. The pattern is currently trading near the breakout level, identified at 2.09429.
Inverse head and shoulders patterns are typically considered valid when the price trades above the breakout level,
accompanied by a surge in volume, signaling strong buying interest. To manage risk, traders often place a stop-loss
order at the midpoint of the right shoulder, providing a buffer against potential downside movements. In this case, the
stop-loss level is set at 2.06597.
As the price progresses, traders may consider taking partial profits at the 38% Fibonacci retracement level, identified at
2.12788. This ensures that some profits are locked in while allowing the remaining position to run for further gains.
For the remaining position, traders may set their sights on two target zones
Target Zone 1: The first target zone is set at the 62% Fibonacci retracement level, located at 2.14905
Target Zone 2: The second target zone is identified at the 79% Fibonacci retracement level, positioned at 2.16430.

On its daily chart, GBPNZD has formed an inverse head and shoulders pattern, a classic reversal pattern indicating a
potential upward movement in price. The pattern is currently trading near the breakout level, identified at 2.09429.
Inverse head and shoulders patterns are typically considered valid when the price trades above the breakout level,
accompanied by a surge in volume, signaling strong buying interest. To manage risk, traders often place a stop-loss
order at the midpoint of the right shoulder, providing a buffer against potential downside movements. In this case, the
stop-loss level is set at 2.06597.
As the price progresses, traders may consider taking partial profits at the 38% Fibonacci retracement level, identified at
2.12788. This ensures that some profits are locked in while allowing the remaining position to run for further gains.

GBPCAD AB=CD BEARISH
On its daily chart, GBPCAD has formed an ascending triangle pattern, a bullish continuation pattern characterized by
a horizontal resistance line and an upward sloping trendline. The breakout level for this pattern is identified at 1.72235.
Ascending triangle patterns are typically considered valid when the price convincingly breaks above the breakout
level, accompanied by a confirmed uptrend. Traders often place a stop-loss order below the breakout level to
mitigate potential losses. In this case, the stop-loss level is set below the breakout level.
As the price progresses, traders may consider taking partial profits at the 38% Fibonacci retracement level, which is
calculated at 1.74719. This allows traders to secure some profits while keeping the remaining position open to capture
further upside potential.

GBPCAD 121
GBPNZD 121

GBPCAD (M) V BOTTOM
GBPNZD V-BOTTOM

GBPJPY CUP & HANDLE
GBP/JPY Cup and Handle Pattern Analysis:
Pattern: Cup and Handle pattern.
The price has formed a Cup and Handle pattern.
The price is currently trading below, near the breakout level at 188.661.
Considerations:
Cup and Handle patterns are considered valid when the price breaks out above the long breakout level with a
confirmed trend.
Traders should place a stop-loss below the low preceding the breakout or at the midpoint of the handle to manage
potential risks.

GBPJPY ABC BULLISH
GBP/JPY ABC BULLISH H1 Analysis:
Pattern Identification: GBP/JPY on its hourly chart has formed an ABC bullish pattern.
Key Levels:
Long Entry Level (EL): Identified at 190.660. Wall: Positioned at 191.708, potentially acting as resistance. Partial Profit-
Taking: Consider partial profit-taking around the 38% retracement level of AB, marked at 192.524.
Trading Strategy:
Pattern Confirmation: The ABC bullish pattern is considered valid only if the price remains above the long entry level,
confirming a bullish trend.
Entry Signal: Initiate long positions once the price trades above the long entry level, signaling a confirmed bullish bias.
Stop Placement: Place stop-loss orders below the identified wall level or below the low of the pattern to manage risk
effectively.
Profit Targets: Set profit targets based on Fibonacci retracement levels of the AB move. Targets are set at the 62% and
79% retracement levels, aiming for potential areas of resistance.

EURJPY CUP & HANDLE
EUR/JPY Technical Analysis:
Pattern Identification: The EUR/JPY pair is in the process of forming a Cup and Handle pattern on its daily
chart.
Current Price Position: The price is currently trading below the breakout level, set at 164.308.
Trading Strategy:
Breakout Confirmation: The Cup and Handle pattern is considered valid when the price trades above the
breakout level. Therefore, traders should await a confirmation of an uptrend with the price moving above
164.308 before considering bullish positions.
Stop Placement: A prudent stop loss strategy involves placing a stop below the breakout level or at the
midpoint of the handle, providing a safety net against potential downward movements.
Target Zones:
Zone 1 (62%): The initial target is set at 171.140, representing a 62% retracement level.
Zone 2 (79%): The second target is identified at 172.867, corresponding to a 79% retracement.

EURJPY CUP & HANDLE
EUR/JPY Technical Analysis:
Pattern Identification: The EUR/JPY pair is in the process of forming a Cup and Handle pattern on its daily
chart.
Current Price Position: The price is currently trading below the breakout level, set at 164.308.
Trading Strategy:
Breakout Confirmation: The Cup and Handle pattern is considered valid when the price trades above the
breakout level. Therefore, traders should await a confirmation of an uptrend with the price moving above
164.308 before considering bullish positions.
Stop Placement: A prudent stop loss strategy involves placing a stop below the breakout level or at the
midpoint of the handle, providing a safety net against potential downward movements.
Target Zones:
Zone 1 (62%): The initial target is set at 171.140, representing a 62% retracement level.
Zone 2 (79%): The second target is identified at 172.867, corresponding to a 79% retracement.

EURJPY AB=CD
Pattern Identified: AB=CD BEARISH Pattern (4-Hour Chart)
EURJPY pair has formed an AB=CD bearish pattern on its hourly chart, with the price currently trading above the short
entry level (EL) at 164.518. In addition, there are walls acting as potential support areas.
Traders may anticipate potential bearish momentum if the price breaks and trades below these support levels. In such
a scenario, the price could aim for the following Fibonacci retracement levels
38% Fibonacci retracement level of the AD leg at 162.563
50% Fibonacci retracement level of the AD leg at 161.732.
Monitoring the price action closely as it interacts with these support levels is crucial to confirm the validity of the
pattern and assess potential entry or exit points. Additionally, traders should implement risk management strategies,
such as placing stop-loss orders, to protect against adverse price movements.

NZDJPY RECTANGLE CHANNEL
NZD/JPY Cup and Handle Pattern Analysis:
Pattern: RECTANGLE CHANNEL

EURNZD INV HEAD&SHOULDERS
EUR/NZD 121 Pattern Analysis:
EUR/NZD on its daily chart has indeed formed an inverted head and shoulders pattern, signaling a potential uptrend
reversal. The price has successfully broken above the breakout point at 1.78104, indicating a bullish confirmation.
To manage this trade effectively, we've placed our stop-loss below the low previous to the breakout, ensuring to
protect against potential downside risks.
Our targets for this trade are as follows

Target Zone 1: Set at the 62% Fibonacci retracement level, located at 1.81354
Target Zone 2: Positioned at the 79% Fibonacci retracement level, situated at 1.82055
Additionally, we have extended targets at the 127% Fibonacci retracement level (1.84098) and the 162%
Fibonacci retracement level (1.85580).

NZDCAD INV. HEAD&SHOULDER
NZD/CAD Inverse Head and Shoulders Analysis

Pattern Identification: NZD/CAD is forming an Inverse Head and Shoulders pattern on its weekly chart.
Current Position: The price is currently trading below the BREAKOUT level at 0.84123.
Pattern Validation Criteria: Inverse Head and Shoulders are considered valid when the price breaks above the
BREAKOUT level, supported by a confirmed trend.
Risk Management - Stop-Loss Strategy: To manage potential risks, a stop-loss strategy is recommended: Stop-Loss
Level: At the midpoint of the right shoulder from the breakout, set at 0.82829.
Partial Take Profit: Consider partial profit-taking at 38%, with a target of 0.85967.
Target Zones: Zone 1

62% Target: 0.87081
Zone 2
79% Target: 0.87878
Monitoring for Confirmation: Continue monitoring price action for signs of a breakout above the specified level,
confirming the pattern.
NZDCAD ABC BULLISH
NZD/CAD

ETHUSD CUP & HANDLE
ETHUSD Weekly Chart - Cup and Handle Pattern Analysis:
Recent Price Action

ETHUSD is currently shaping a notable Cup and Handle pattern on its weekly chart
The price is currently trading below the breakout level marked at 3583.93.
Cup and Handle patterns gain validity when the price convincingly breaches the breakout level, accompanied
by a confirmed uptrend
Traders are advised to place close attention to the confirmation of the breakout with additional technical
indicators for added reliability.

ETHUSD CUP & HANDLE
ETHUSD Weekly Chart - Cup and Handle Pattern Analysis

Breakout Level
Breakout level identified at 4868.48
Current Price Position
The price is currently trading below the breakout level
Pattern Validation
Cup and Handle patterns are considered valid only when the price trades above the breakout level and
confirms the trend
Stop Placement
Place a stop at the handle midpoint to manage risk
Targets
Zone 1
62% Fibonacci level: 7331.72
Partial Take Profit
Consider partial profit-taking at 38% Fibonacci level: 6398.02
Execution Strategy
Execute a long position once the price surpasses the breakout level and confirms the upward trend.

BTCUSD CUP & HANDLE
BTCUSD Weekly Chart - Cup and Handle Pattern Analysis:
Recent Price Action

BTCUSD (Bitcoin to USD) is currently in the process of developing a distinctive Cup and Handle pattern on its weekly
chart
The current trading position is below the breakout level, situated at 42278.29.
Cup and Handle patterns attain validation when the price successfully surpasses the breakout level, substantiated
by a confirmed uptrend
It is advisable for traders to carefully monitor the breakout confirmation and complement it with additional
technical indicators for enhanced reliability.

QQQ(W) CUP & HANDLE
QQQ (Invesco QQQ Trust) Weekly Chart - Cup and Handle Pattern Analysis:
Pattern Observed: Cup and Handle Pattern.
Recent Developments
QQQ's weekly chart exhibits the formation of a Cup and Handle pattern
The price is currently trading above the breakout level at 408.71.
Trading Guidelines
Cup and Handle patterns are considered valid only when the price trades above the breakout level with a
confirmed trend
A stop-loss is recommended to be placed at the mid of the handle, providing a safety net against potential
downward movements.
Target Zones
Target Zone 1
62% retracement level: 503.7
79% retracement level: 529.09

GOOGL(W) CUP & HANDLE
Google (GOOGL) Weekly Chart - Cup and Handle Pattern Analysis:

Google (GOOGL) is trading above the Breakout level at 123.26
The price has reached the target zone
Target Zone 1
62% retracement: 147.81
Target Zone 2
262% retracement: 187.66.

GOOGL(M) CUP & HANDLE
Google (GOOGL) Monthly Chart - Cup and Handle Pattern Analysis:

Google (GOOGL) is currently trading below, near the Breakout level at 151.85
The Cup and Handle pattern is considered valid only when the price trades above the Breakout level with a
confirmed trend
Stop-loss placement is recommended at the mid of the handle, marked at 144.53.
Targets
Target Zone 1

GOOGL(M) CUP & HANDLE
Google (GOOGL) Monthly Chart - Cup and Handle Pattern Analysis:

Google (GOOGL) is currently trading below, near the Breakout level at 151.85
The Cup and Handle pattern is considered valid only when the price trades above the Breakout level with a
confirmed trend
Stop-loss placement is recommended at the mid of the handle, marked at 144.53.
Targets
Target Zone 1

META V-BOTTOM
META Platforms V Bottom Pattern

Pattern Identification
V Bottom pattern detected on the monthly chart.
Resistance Break
The price is trading above the resistance level at 38%: 496.79.
Targets
Zone 1
Execution Strategy
Consider initiating or holding long positions as the price is above the resistance level.

TSLA (W) AB=CD BULLISH
Tesla (TSLA) Weekly Chart - AB=CD Analysis:
On its weekly chart, TSLA is currently in the process of forming an ABCD bullish pattern. This pattern suggests a
potential upward movement in the price of TSLA stock. However, it's essential to note that the price is currently trading
below the long entry level, which is set at 177.39.
For the ABCD bullish pattern to be considered valid, traders typically wait for the price to trade above the long entry
level, indicating a confirmed trend. Once this condition is met, traders may consider entering a long position, with a
stop-loss order placed below point D of the pattern, which is located at 157.66.
In terms of targets, traders may look at two potential zones

Target Zone 1: The first target zone is set at the 62% Fibonacci retracement level of the AD leg, calculated at
246.53
Target Zone 2: The second target zone is set at the 79% Fibonacci retracement level of the AD leg, marked at
269.75. Additionally, a further extended target zone is identified at the 127% Fibonacci retracement level of the AD
leg, located at 337.62, with an even higher target at the 162% Fibonacci retracement level, situated at 385.09.

TSLA (W) AB=CD BULLISH
Tesla (TSLA) Weekly Chart - AB=CD Analysis:
On its weekly chart, TSLA is currently in the process of forming an ABCD bullish pattern. This pattern suggests a
potential upward movement in the price of TSLA stock. However, it's essential to note that the price is currently trading
below the long entry level, which is set at 177.39.
For the ABCD bullish pattern to be considered valid, traders typically wait for the price to trade above the long entry
level, indicating a confirmed trend. Once this condition is met, traders may consider entering a long position, with a
stop-loss order placed below point D of the pattern, which is located at 157.66.
In terms of targets, traders may look at two potential zones

Target Zone 1: The first target zone is set at the 62% Fibonacci retracement level of the AD leg, calculated at
246.53
Target Zone 2: The second target zone is set at the 79% Fibonacci retracement level of the AD leg, marked at
269.75. Additionally, a further extended target zone is identified at the 127% Fibonacci retracement level of the AD
leg, located at 337.62, with an even higher target at the 162% Fibonacci retracement level, situated at 385.09.

AMZN(D) CUP & HANDLE
Amazon (AMZN) is currently exhibiting a classic technical pattern known as a Cup and Handle on its daily chart. This
pattern often signals a bullish continuation in the stock's price trend.
After a successful breakout above the resistance level at 146.57, the price has retraced to around the 38% Fibonacci
level at 171.77, where it has found support. This consolidation phase suggests that the stock is gathering momentum
for its next move.
Looking ahead, traders may anticipate potential price targets based on Fibonacci retracement levels. The first target
zone is identified around the 62% Fibonacci level at 186.97, followed by the 79% Fibonacci level at 197.70.
As always, risk management is crucial in trading. Traders should consider placing a stop-loss order below the recent
swing low to protect against adverse price movements.

AMZN(W) CUP & HANDLE
Amazon (AMZN) is currently forming a notable technical pattern known as a Cup and Handle on its weekly chart, a
pattern widely recognized by traders for its bullish implications. However, it's essential to note that this pattern's
validation typically occurs when the price trades above a specific breakout level, which, in this case, stands at 188.28.
Traders should exercise caution and wait for a confirmed breakout above this level, preferably accompanied by a
sustained uptrend, before considering long positions. Placing a stop-loss order at the midpoint of the handle can help
manage potential downside risks.
As for price targets, traders may consider the Fibonacci retracement levels as potential areas of interest. The first
target zone is identified around the 62% Fibonacci level at 254.05, followed by the 79% Fibonacci level at 271.92. It's
worth noting that partial profit-taking strategies can be implemented at these levels to secure gains while allowing for
potential further upside.

Understanding the Forex

Market
Since the mid-2000s, the Forex market has experienced rapid growth in the world of financial
speculation. The introduction of new tools and trading platforms has spurred numerous
investors to establish brokerage firms to capitalize on the widespread lack of knowledge in this
domain.
The key players in the Forex market are the likes of Deutsche Bank, UBS, Citi, and Barclays.
Presently, individual traders ("retail") gain access to the FOREX through intermediaries (brokers).
These brokers receive quotes from a higher-level intermediary (Prime Broker), who holds direct
accounts with major players, usually needing a credit line of over $5 million to participate.
The broker providing us with data consolidates all orders to aggregate millions of lots. Without
this consolidation, individual small-scale players couldn't participate in this exclusive game.
The FOREX (FOReign EXchange), or the Foreign Exchange Market, is the world's largest
financial market, transacting over $7.0 trillion daily, with $2.7 trillion in direct currency pair
transactions. The rest involves speculations in various forms like swaps, futures, and ETFs.
Forex is a highly manipulated market, with over 90% of transactions executed via expensive
and rapid automated trading systems (HFT - High-Frequency Trading). Previously, the Forex
market was exclusive to major importers, exporters, banks, and governments.
Functions and Participants
The primary function of the Forex market is to provide a decentralized structure for the trading
of various country currencies. What was once a domain limited to financial institutions is now
accessible to individual speculators like you and me.
Distinct from other markets, Forex transactions always involve pairs (e.g., EUR/USD) where one
currency is sold or purchased relative to another.
Traders in the Forex market gain profits or losses by speculating on the prices of the traded
currency pairs. One might buy a pair they expect to rise in value to sell at a higher price, or sell
a pair expected to decline to buy it back at a lower price.
Currency values tend to react to significant social, political, and economic events in each
country. However, more often, their value fluctuates based on speculative reasons
orchestrated by the financial system.

Analysis and Terminology
Previously exclusive to major banks, the Forex market expanded to include fund managers,
brokerage firms, large corporations, and eventually individuals with internet access.
Fundamental analysis aims to predict long-term market movements based on a country's

macroeconomic conditions and internal or international geopolitical events. Reports on fiscal
and monetary policies have a significant impact on currency pairs.
Technical analysis, involving price-based charts, trends, support and resistance levels, and
indicators, has two primary branches. The first utilizes collective charting methods, while the
second, Trend Following, involves advanced behaviour analysis.
Forex Market Terminology
Before delving deeper, understanding certain fundamental terms is crucial for anyone new to
the Forex market
Pair: In Forex trading, a pair represents the combination of two currencies being traded,
such as EUR/USD or GBP/JPY
Broker: Acting as an intermediary, a broker provides traders with access to the Forex
market, facilitating the execution of trades
Order: A directive given by a trader to either buy or sell a currency pair in the market
Market Order: This type of order is executed immediately at the current quoted price,
ensuring prompt trade execution
Limit Order: By specifying a predetermined price, a limit order allows traders to execute
trades only at or better than the specified price
GTC (Good Till Cancel): An order that remains active until manually cancelled by the
trader, regardless of the duration
OCO (One Cancels the Other): This order type enables traders to set up two orders
simultaneously, where the execution of one order automatically cancels the other
Pip: Short for "percentage in point," a pip is the smallest price movement in Forex pairs,
typically representing a one-digit movement in the fourth decimal place, except for
currency pairs involving the Japanese yen
Leverage: By providing traders with increased market exposure, leverage acts as a
multiplier, enabling them to control larger positions with a smaller amount of capital
Margin: The collateral required to open and maintain leveraged positions in the Forex
market, serving as a security deposit against potential losses.

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TCPLTP 25 MAR 24’

A Weekly Publication 046

The Secrets Of Trading Chart

Masteri n g the Art of Tradi

Timeless Insights from a Renowned Market Strategist

• Daily/Weekly Analysis • Trading Ideas & Updates

Chart Patterns Like The Pros

Chart Patterns Like The Pros

Illustrations by trading view trade chart patterns like the pros

Copyright © 2023-2024 by Constantino De La. All rights reserved.

No part of this book may be used or reproduced in any

Unauthorized Reproduction Warning

This publication is protected under copyright laws. Unauthorized reproduction,

The information provided in this document is believed to be accurate and reliable.

Hypothetical Trades Disclaimer

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COPYRIGHT © 2023 - www.patreon.com/tradechartpatternslikethepros. All rights

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Published in the United Kingdom.

charts in this issue

Charts in this issue

Print on Demand here

"Opportunities come infrequently. When it

"The stock market is a game of tug of war

"Time is your friend; impulse is your enemy." -

S&P 500 Index's

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

S&P MOVING AVERAGES

S&P 500 Technical Analysis

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

S&P 500 SYM. TRIANGLE

S&P 500 Symmetrical Triangle Breakout Analysis

Current Price Action

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

S&P 500 CUP & HANDLE

S&P 500 Technical Analysis

associated with bullish continuation.

level, supported by a confirmed bullish trend.

to set a stop-loss. Two strategic positions for the stop-loss are

Below the low preceding the breakout level.

At the midpoint of the handle, which acts as a secondary support level.

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

S&P 500 CUP & HANDLE

S&P 500 'Cup and Handle' Formation Analysis Update

Current Position: Trading gracefully above the breakout level of 4815.92.

Risk Management - Stop-Loss Strategy:

Partial Take Profit: Consider a partial take at 38%: 5325.92

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

NAS100 CUP AND HANDLE

Nasdaq 100 (Nas100USD) Technical Analysis

Nasdaq 100 (Nas100USD) Technical Analysis Update

that's often indicative of a bullish continuation trend.

confirmed bullish trend.

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

NAS100 CUP AND HANDLE

Nasdaq 100 (Nas100USD) Technical Analysis Update

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

US30 CUP & HANDLE

Dow Jones Industrial Average (US30) Technical Analysis

continuation of the upward trend.

the bullish outlook.

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