Price has just broke the 4H downtrend on GBPNZD. Look for a retest of this zone on the top side and there we will make our entry. As long as price breaks and retests on top of this zone we have our confirmation for a long entry. Additionally, look on the Daily chart and you will find that price is in a true uptrend dating back for a while. Usually when price...
Tried to catch this while ago but it failed on me. May have caught it today.
Support and trendline broke. Looking for about 82 million pips.
(Also note the pool of bull shite around the next support area.)
Our analysis from last week has us watching this pair closely along with others. We saw a break of a long Daily Uptrend Trend line, break of 200 EMA and retesting both while forming a 2x Top at 61.8 FIB with bearish divergence on the 4 Hour chart confirming our entry. We are currently up 40+PIPS on this trade and holding it over the weekend. We are pretty...
The analysis for this pair shows that this will be a long term down trend due to the triple top price action pattern that has occurred. The triple top indicated trend reversal. the trend should relatively follow the descending trend line and at the moment this pair is having a retracement. A good place to enter a short would be when the retracement is done and...
Bearish Gartley forming and fib retracement as well as RSI confirm this. The first resistance is the sell limit line second resistance is stop loss. The lower horizontal line is potential support it can reach.
EURCHF has come to a key level and is possibly reversing due to a triple top (4H,1H) and rising wedge pattern(1D). The red line indicates area of price reversal and the green lines are levels of supports which can be taken as take profit regions.
Now in this setup there is two things to consider. Right now this pair is Long term SHORT trend on the daily and the weekly. However, this trend might be LONG in the short term. If the pair breaks the 4h trend line (blue) which is the one clearly depicted and closes above the first short term top indicated by the closest green line, then it can LONG to the next...
possible short term eurusd LONG due to weakened USD. However, this is a long term down trend so the short will occur after retracement is finished. A bad news for the euro could end retracement and cause the trend to take its natural path downwards.
this is the pattern on the EUROUSD on the daily chart.There is a clear head and shoulders that has formed and US economy is going be bullish for the next few days maybe the week. If you look at the 4H chart you can see the pair is on a retracement to the golden 61.8 fib zone. My suggestion is either you can Long to the fib if you feel brave because EURUSD is a...
we are in a very pivotal zone right now, If the price breaks the bottom trend line then it will continue the down trend however if the price reaches that pivotal golden zone then this will be price reversal. Alot of people are claiming down trend as well as trend reversal. However, we are not sure yet! these zone are drawn out so both scenarios are possible.
This pair is originally a down trend. However, we can see the flag price action continuation pattern getting way narrower and narrower, which is a small indication of a trend losing strength. The MACD divergence favors an uptrend. However the only confirmation is if the price breaks out the box zone(support and resistance area) which will confirm trend...
This chart shows that there was trend reversal to the upside due to a head shoulder price action pattern. There is a constant upside and small retrace on the key fib levels. Something to look out for is the resistance at the top which MIGHT be an early indication of double top which is trend reversal. However, this is no confirmation of trend reversal yet, the...
This trade has been posted by us a few times over the last month. We are still looking for this to go ALOT lower. Be patient and wait for confirmation before entering. Risk to Reward is very healthy in our favour.
Today's Chart - XAU/USD
Overview :
Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal.
On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom...
