I see Long opportunity :
I dont usually trade eurusd. But i will give some idea what i see on the chart :) From what i can see the price probably will do a retracement before break the downtrend line. My idea buy opportunity come from CCI indicator which is if you look at weekly time frame it show a buy signal. For now i dont see any candlestick pattern...
I see short opportunity :
Candlestick pattern that i see :
Weekly : 3 Soldier
Daily : Bearish Engulfing Evening Star Pinbar
As you see the support have been tested a few times. Even tho the price rejected the support area but still the price dont make any sign for continuing the uptrend. Probably next week the price will break the support area. So based...
I see SHORT opportunity :
The previous demand zone which i put it with red colour have been break so probably the price might do a retracement on 1513.43 before going down to the next support which is 1493 ( this is just an analysis ).. If you check on a bigger timeframe you can see that it still show sell sign. Hope my signal will help you to get profit....
Buy analysis :
A) Wait for the price break the 200 MA.
B) Price probably will go to the support zone before bullish.
C) EUR/USD PRICE SENTIMENT : Bearish
D) Weekly time frame still show a bullish sign.
Happy trading everyone ! Please give me an advise if i need to improve something or i did something wrong cause i still learning :)
Buy analysis :
A) Wait for the price break the 200 MA.
B) Weekly Stochastic show a bullish sign.
C) RSI for D1 timeframe show a bullish sign.
D) Pattern that i see now is bullish pennant.
Happy trading everyone ! Please give me an advise if i need to improve something or i did something wrong cause i still learning :)
Update about XAUUSD :
A) You can close your profit now or hold it. It up to you :) who ever follow my entry on my past analysis enjoy the 500-600 pips :)
B) Probably now we can only wait for retracement to happen.
Good luck everyone !
Analysis Update about XAUUSD becoming more potential as seller :
A) News announcement USD get stronger and probably XAUUSD will make a downtrend.
B) The pattern that i see on this chart right now is ascending triangle on D1 Timeframe.
C) Technical analysis show a strong sell.
D) Wait for the price to break the support line and then set your entry.
Happy...
Reason to buy :
A) The moving average on D1 timeframe which is MA20 and MA50 show a good sign of uptrend.
B) The pattern that i see on this chart right now is ascending triangle. Which is a bullish sign.
C) The Storchastic on D1 will soon cross.
D) The RSI on D1 still above 50.
E) I draw 2 resistance line. If you want a good breakout maybe you can choose the...
Reason to buy :
1 . Stochastic indicator currently show oversell on timeframe H1, H4, D1.
2 . Probably the price will comeback to the support line to form a support+resistance.
3. Wait for a reversal pattern just in case if you want a good confirmation buy potential.
Wait for reversal pattern if you want to enter the trade as buyer. For seller wait for the candle break the support and observe the volume of the chart.
