Next week Gold/Dollar Trade Idea.
Looking at the H4 and H1 time frame, you notice that the price has just broken the up trend line. Forming a Double Top chart pattern on a 2012 resistance line.
Wait for a retest on the Up trend line, and plan your sell entry.
Good Luck
Next week Gold/Dollar Trade Idea.
Looking at the H4 and H1 time frame, you notice that the price has just broken the up trend line. Forming a Double Top on a 2012 resistance line.
Wait for a retest on the Up trend line, and plan your sell entry.
Good Luck
Two scenarios here, we have 61,8%fib lvl Doing a great job as resistance so far.. If price manages to break, i can see it climbing all the way to 1.2700 area! On the other hand, we have a possible break down of the pattern and that could cause price to drop to at least 1.2150! For now we wait!
What do you think?? Leave a comment!!
Clean setup, waiting on confirmation to enter! I need a break of this down-trend and a good confirmation of holding on to this support zone around 1.3950 zone!
Any comments?? Let me know your opinion!
Already in here! Not first time on this position, we managed some pips here a few days ago. we ae near support again, Entering for the long run, small position first, 80pips SL. will try to add more if the analysis turns out to be good
What do you think?? Leave a comment!!
Price is now right below the down trend line dating back to April '19! Looking for a breakout of this upward momentum and some candle confirmation before entering! USD has been so strong! Lets see if it doesnt break this trendline aswell! Lots of breakouts happening this past days and weeks!
What do you guys think?? Any comments?
My view over this pair! Already looking for entries long here, we saw the breakout in previous weeks and now price is sitting near 0.6600, could go down a little more maybe to 0.6550! I'm in with small position, waiting for more price action to add more positions!
What do you think?? Leave a comment!
Price touched recently our major down trend dated back to march '18! Since october, price been consolidation near 0.9120 forming a short-term up trend! I the begining of the month we saw this trendline breakout and after that price did re-test it once and now its re-testing again! Matching perfectly with 0.618 fib lvl ! Entering with 40pips SL on this one!
What...
Price is now siting on support trend-line, and if we see a closure below that lvl, next week we could see huge movement down! I would like to see price going down to about 1.1060 and then look for sell opportunities!
On the other hand, if price manages to stay on this up-trend channel and breaks one more time the major down-trend, well.. then i would look for...
EURO is currently weak and across the board we saw a EURO decline.
Evening Star formation as shown, alongside bearish engulfing formation. The price did bounce back up yesterday but hit res and dropped back down. Can't see this being broken unless fundamentals intervene.
All levels got hit yesterday and confirmed the Evening Star which is a huge bearish sign.
this will be a great risk reward trade, if we suceed it! looks good, unless fundamentals ruin our prediction, AUD will recover some power!
lets see what happens
looking at the 4H chart you can see a double top forming, price hasn't closed above the double top since 20th march. I personally don't see this as a valid setup and won't be taking the trade unless we see a strong close below 146.27. looking at the daily chart we could still push further up as Fridays candle has closed quite low so I am anticipating movement...
