The price is respected the trend line and created double top. The price is already playing out as it is heading to 21,29213.
WHAT TO DO?
Wait after the retest and bearish confirmation on 4hours time before executing the trade. or you may pace pending order at 22.67500, stope loss is 23.43546 and tp is 21.29213. the RRR is 3:1.
Kindly apply caution and apply...
Despite the awaiting of the CPI news today, I am very optimistic that all USD pairs may long after the news release. From the chart, the price is retesting 1.18205 level and after the restest, the price is expected to reach the 0.618 fibanacci level on the daily time frame at 1.11166
Early this week i saw bullish flag pattern on the weekly TF, then i knew the price would move within the channel. right now the price is moving downward.
The trend is bullish. expecting the price to test the monthly supply level or zone at 149.495.
For short term traders, take profit at 140.858 if you are an aggressive trader. But you can wait until prices closes above 140.858 before you execute the trade to take your profit from 140.900 and 149.445.
isn't that a good trade?
Please like and comment.
This Pair is retesting on the mothly time frame. and we are expecting the price to retest to 0.381 of the fibonacci retracement level which is 1.84866 and it is our target. But we shall wait until price crosses or break the trend lines before entry.
I am waiting for the price to break the previous high at 4238.3. When that is done, my first target is 4310.7 and my second traget if the price proceeds up is 4622.6
From the monthly time frames down to daily time frames the market is trending up. The market has tested the previous neck line of W partern and we expect the price to move up to 0.89637 as the over all target. we take out TP1 at 0.88964.
Wait until the price crosses 0.88347 before you enter for long. We expect to make over 125 points. Is that not a good trade?
The monthly to daily time frames is facing down. The price seems to push down. Therefore if the price of Gold crosses 1834.311, please sell Gold.
what do you think?
The whole trend on the monthly to daily time frame is uptrend. On the daily i noticed the price has tested the neckline of the W pattern and the price is expected to go up in order to form M pattern.
if the price crosses 0.53450, we are good to go. we are expected to take profit at 0.83533. we are expected to make ovwe 100 points. That is a good trade, isn't it?
The price has broken the resistance and it is heading to the next resistance. from the COT data the jpy is falling drastically and i look forward to bag profit from this trade. What do you think?
As you can see on the chart, the price movement is done with correction and it is moving to maintain uptrend movement.
the COT shows that the net price of JPY is on the negative while USD is on the strong positive.
you have any suggestions or question, let me know.
