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Dollar Breaking Down - Technical Analysis Update

Posted by Jerry Furst  Published in Canadian, Chart Pattern, Dollar, Euro, FX, Forex, Loonie, Technical Analysis, currency, swiss, trading
By Jerry Furst- Sr Analyst “1st on Forex”
at Investors Education Network.com

Chart Pattern Review - 48 Hours Later 

Two days ago I posted several charts showing some nice chart patterns - indicating to me a 
consolidation was ready to breakout and I labeled the post “Pause Before the Storm” 
Let’s look at the charts side by side now.
 USD-CAD 4 Hour Chart — 300 Pip Triangle Break Out (click to Enlarge)
    
 EUR-USD 30 Min Chart — Over 400 Pip Trend Channel Break (click to Enlarge)
  
USD-CHF 2 Hour Chart - Triangle Break - 200 Pips (click to Enlarge)
 

The above charts are great examples of waiting for High Probability setups on multiple pairs

all setting up at the same time.

 

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