Its almost time of the turning point for the second rally of gold
GU will continue strugling until brexit defined and started
look for the price to enter the buy zone. Then draw the most recent down trend line and wait for the breakout above it. We want a small correction after the breakout, where the buy entry would be. Stop Loss – below last low. Target 1 – 1.7250. Target 2 – 1.7780.
AUD/JPY just recently again broke above and has retested a downward trend line it has created and been under for a while. A break and close above 78.550 will see us re test the next point on the trend line at 80.00.
AUDUSD H4 Was create double bottom then break sell trend line , MACD show the buy trend
USDCAD at decision point, either the current uptrending market structure will continue, or the higher timeframe bearish trend will assert itself and push the market lower violating the current uptrend. Either way there is a bullish opportunity at market. If the bulls hold above the 1.2835 area the market is likely to retest the high of trend around 1.3200...
There is a support line (the yellow dotted line) coinciding with 78.2 and 88.6 area of a fibonacci zone which should provide support. A triangle pattern seems to be forming a wolfe wave since the 5th wave has gone outside the triangle support lines. I have put two entries, a normal entry and a conservative entry for traders who don't like risk, and again a...
if the price comes in the green zone, I'll wait for the local support and opportunities in the long position. I do not have accurate goal as the price rises, but if I get buy, the first goal is to update the maximum and the next goal is the appearance of local resistance. but generally I would expect that in two weeks it will be possible for Short. and if the...
Price could fall to the nearest support before a reversal can be seen. With the technical weakness in the $Index we could see some bearish movement. On the daily charts, Price is entering the buy fib zones. We would wait for proper Candle stick info before entering.
Reasons for -As you can see we have Lower highs and lower lows -This shows us a clear down trend on the daily Timeframe -We have bounced from our key level at 2.00000 and have found some bullish momentum -As you can see we also have our trend line underneath Price -So essentially we are still up trending on the higher timeframes -The past day put in a long...
Reasons for -Firstly we are up trending on the 4 hour -We are making higher highs so to signify uptrend -We cleared key level of 0.7000 -We are trading above the Key Level -We are due for a new higher high and a impulse move to the upside -We also have come to the trend line and has show Strong level of support -Also on the trend line we have reacted and...
Bullish Bat Pattern Setting Up on the GBPJPY 60 min chart. Price has been forming a nice ascending channel since the end of January. It looks we might be able to use the trendline support for added confluence on this advanced pattern completion 88.6% Fibonacci Retracement level. These patterns are all over the currency market.
Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We...
Reasons for -Firstly on 4 hour chart we clearly see a down trend which has been broken -We can also see price has broken major trend line which acted as RES -Since we made the low of around 1.41000 we have put in Higher highs and lower high -This signifies a possible new trend forming -Also if we look at the Trend line acting as Support we have had our...
USDCHF has finally met my set up after a long waiting. The market is on a strong uptrend (based on 200ema) It has experienced a pull back and currently the price is on the buy zone (the space between 20ema and 40ema) There is now waiting. I will take a long position targeting 20 pips. Lets wait and the if the market will favour us.