XAUUSD Three Inside Down 4-Hour Chart

Resistance: 1710.72 strong/1715.57 moderate/1722.03 minor

Support: 1704.26 moderate/1699.41 minor/1692.95 minor

Three Inside Down is just under the pivot point at 1710.72 in 4-Hour XAUUSD charts. With a combination of a high level bearish pattern and a strong resistance consider shorting at market the immediate objective at 1704.26 break of which should see us move to 1699.41. Stop loss should be placed above 1710.72.


USDJPY Three Inside Down Hourly Chart

Resistance: 79.66 strong/80.05 moderate/80.51 minor 

Support: 79.21 moderate/78.82 minor/78.36 minor

Three Inside Down is just under the pivot point at 79.66 in Hourly USDJPY charts. With a combination of a high level bearish pattern and a strong resistance consider shorting at market the immediate objective at 79.21 break of which should see us move to 78.82. Stop loss should be placed above 79.66.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices