Thread: Operating Japanese Sailing Patterns in Weekly Charts

EURGBP Possible developing morning star. Confirmation is still missing in the closing candle. If confirmed, it may be interesting for a short swing bull. Anyway, this pair moves slowly, so patience.

CHFJPY Evening star variation. In the middle of a monthly resistance zone. I am not convinced at 100%, but as a technical structure, it has potential. Yes, any entry without SL is playing Russian roulette.

USDNOK Very clean morning star. Intermediate sail with lower long wick, indicates offer absorption. Ideal for anyone who wants to operate calmly in weekly graphics. The key will be in risk management, as always.

EURJPY Evening star variation, though somewhat tight. Context does not help much: there is enough indecision. Not all figures are operable. It is also a valid strategy to know when to stay out.

AUDCHF Star potential of the morning. The final sail closed above the opening of the first. I would like to see a small retreat before entering. Entering now would be chasing the price.

GBPCHF Star of the afternoon in important resistance. The third candle is weak, but if the next weekly closure is bassist, it may be enough to confirm. Here the key is not to be carried away by emotion. The pattern is there, but the market does not forgive impulses without plan.

EURUSD Possible star of the morning after a fairly linear fall. Nice volume accompanying the closing candle. A closing above the maximum of the second candle would give better entry. For now, simply observe.

USDTRY Star of the afternoon in overextended zone. A lot of volatility, but the pattern looks solid. It is an asset that I do not recommend for beginners. Spread is criminal and abrupt movements.

NZDCAD Clear variation of the morning star. I liked how he rejected that weekly support. It is a pattern to take it seriously, although the volume does not accompany. Entering without additional validation is throwing a coin into the air.

CADJPY Star of the afternoon after a long upward trend. It can mark the beginning of a decent correction. I would not get in short without seeing a clear divergence in the RSI or MACD. The pattern alone is not always enough.