29th April 2013: 3 Chart Patterns

Few interesting patterns today:
First of all, we can see a horizontal channel at the EUR/SEK. I will trade only downwards: so if price breaks the support level and pulls back we will enter a short trade. Target is about 240 pips.

An interesting double bottom at the GBP\JPY pair, we will trade when price breaks the upper level and pulls back from above - this is a high accuracy entry with around 73% win rate.

Another channel at the USD\CHF which can provide us interesting points to take short trades.

Good luck !