TVC:GOLD has been trending in a bullish Parallel Channel for the last few weeks! Price tested the bottom of the channel and formed bullish divergence on 4 hr chart, indicating potential bullish momentum for the short term! Traders could look to trade the channel on smaller timeframes!
CAPITALCOM:UK100 has been in a strong bullish trend. Following retracement, price has formed an inverted head & shoulder pattern indicating potential bullish momentum!
VANTAGE:SP500 is in a strong bullish trend. After retracing on smaller timeframes, price formed bullish divergence and broken the last higher high for the first time before retracing from a resistance trend line. Expecting the price to retrace early next week, followed by bullish price action.
OANDA:GBPCHF has been in a daily bullish trend and holding the long term support trend line. Currently price is trading at 0.5 fib level, and bullish divergence is also forming on the chart. I am expecting the price to fall and continue to get closer to the support trend line, forming bullish divergence next week. I will be buying on any bullish price action...
FX:CADJPY continues its bullish trend creating higher highs and higher lows. Expecting the bullish trend to continue!
BINANCE:TRXUSDT has formed bullish divergence and cup & handle pattern (bullish continuation pattern) indicating imminent bullish momentum! Buy at current market price!
BINANCE:AVAXUSDT has been in a downtrend, however, bullish divergence has formed indicating potential bullish momentum! Will be taking a long entry ONLY if the lower high is broken!
TVC:USOIL is currently trading at a long term support trend line. Bullish divergence has also formed on the chart indicating potential bullish momentum if price can take out the lower high!
FX:EURJPY has retraced to a daily/4 hr trend line support level after creating a higher high in a bullish trend. Bullish divergence has also formed on the chart indicating good potential for a continuation of the bullish rally!
BINANCE:ETHUSDT is currently forming a cup & handle pattern, which is a bullish continuation pattern. Bullish divergence was also formed on the chart and price has already broken the last lower high. Expecting price to reach projected cup & handle breakout projection!
BINANCE:AUCTIONUSDT is currently creating higher highs and higher lows after experiencing bullish divergence. I am expecting the bullish momentum to continue as the lower high as been broken as well!
FX:GBPAUD has created a new HH after a bearish rally. The new HH was created following bullish divergence on different timeframes (1 hr, 2hr, 3hr and 4hr). Price has also created a Cup & Handle pattern which indicates a potential bullish move incoming if price breaks the handle!
PEPPERSTONE:AUS200 is about to break the resistance trendline. It should be noted that PEPPERSTONE:AUS200 is in a bullish trend on higher timeframes. Currently, there is bullish divergence on 1 hr and break of resistance trendline can potentially lead to bullish price action!
OANDA:NZDJPY has broken a falling wedge, which is a bullish reversal pattern. Bullish divergence can also be seen at the last 2 lower lows, indicating imminent bullish price action!
We saw BINANCE:BTCUSDT break all time highs followed by a retracement. Currently, price has broken a bearish parallel channel and found support at a long term support trend line. Bullish divergence is also present at this level! I am expecting the bullish momentum to continue on BINANCE:BTCUSDT !
FX:EURAUD is currently in a bullish trend forming higher highs and higher lows. Expecting the trend to continue if another higher high is made on price!
TVC:GOLD currently has bullish divergence after completing a bullish AB=CD harmonic pattern. If the LH is broken, we could see bullish price action on Gold.
FX:GBPUSD is currently experiencing bullish divergence and 1 hr timeframe. Additionally, FX:GBPUSD has a bullish trend on 4 hr and daily timeframes. Recent bearish price action seems to be a re-tracement in a bullish trend.