Now is time to enter bullish... 2 targets one easy one hard.
I looking for price action about 0.70500 zone, maybe a pinbar on beeb bearish outside bar. Potential triple top on daily.
GOLD IN MY PREVIOUS POST TARGET 1220 AND LOWER MAKING ITS NEW HIGHER LOW XAUUSD SEEMS TO BE HOLDING FIRMLY ABOVE 1200 SUPPORT ALONG WITH A BULLISH ENGULFING REVERSAL PATTERN ON THE DAILY WILL REACH 1300 AND HIGHER! AWAITING A PULLBACK TO 1239-1240 WITH THE 50EMA AND PIVOT SUPPORT TO ENTER LONG
ANOTHER CONFIRMATION TO MY PREVIOUS BIAS GOLD LAST WEEK DOUBLE TOP REJECTION FROM THE 38.2 FIB LEVEL INDICATES WEAKNESS WE HAD A TREND LINE BREAK LAST WEEK AND NOW SEEMS IT WILL MAKE FURTHER DOWNSIDE MOVES OFF THE PIVOT POINT FROM LAST WEEK TARGET 1220 AND BELOW
EURUSD has formed a series of impulsive and corrective moves that shows us exactly how much power the bulls currently possess. To clarify, impulsive moves tend to be "strong and fast" while corrective moves tend to be "weak and slow". This directly correlations to the strength of each party's hand. The bulls are in control right now. The push from the bulls are...
Looking at the weekly timeframe, we see that EURUSD has been rejecting the level of 1.13500-1.4ish, and the Fib of 23.6%. We need a break and close above key monthly resistance+ trend line break at 1.15 which will lead us to 1.18500 + the 38.2% Fib. Also it looks like a higher high is about to be achieved for the EUR along with higher lows on the DAILY timeframe....
Has hit the top of the channel Bearish Divergence Harmonic pattern has formed (click on related idea to see harmonic pattern)
Using MACD line crossing the "0" line as a noise filter and confirmation of a wave formation. Each cross confirms peak/trough formed in between, and we're using it in our timeframe (no subcounts)
This is one of my favorite trades. A clear pennant forming which will be looking to break around 2/3's the way through the triangle(that's my general rule of thumb, the more it trades into the apex the less decisive and powerful the break). Easy to read upside, a nice tight stop, with a good risk-reward. In addition the stock is relatively small and nimble, and...