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EUR/USD And GBP/JPY: Super Clean Sell Signals

EUR/USD And GBP/JPY: Super Clean Sell Signals

Friday is a real feast for the price action traders and we can find three great setups, that have high chances for sweet profits. First one is the EUR/USD, which on a daily chart bounces from the horizontal resistance and creates a candle with a long head. What is more, on the H1, we can see a head and shoulders pattern and a bearish flag formation. All that together is super negative.

Second one is the GBP/JPY, where the sell signal is one of the strongest I have recently seen on the whole FX market. The price bounced from the combination of three important trend lines and went lower. Then, we broke a combination of three crucial supports (two horizontal and one dynamic). Dynamic one is the lower line of the flag, which activates this pattern. All factors are pointing south.

USD/RUB is the third one. Here, the price broke the upper line of the symmetric triangle pattern, which triggers us a buy signal. That is it. Simplicity of the Price Action as its finest.

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