Combined Pattern on COPPER, we a ABCD pattern completed a 127 ext: and if price still goes up we have a beautiful confluence zone at 161ext of (a) (b) and the bat will be completed at this same zone 88.6 of XA too
This is a very nice place to go short for many reasons: The price broke the short-term up trend. Two Major resistances that the price was not able to break either of them. The Major daily down trend & 0.5 Fibonacci level. So the it will go at least to the next Fibo. level (as well as the previous structure high) which is around 0.7250. The there is a possibility...
Next one USD pair with potential to form another one wave up. I will wait around FIBO 61.8 retracement to open Long position with R/R 2:1.
I am shorting GBPUSD in the 1.28-1.29 zone because of 4 technical reasons. 1. It broke out of the Brexit channel in October and now is close to testing the previous support of the channel (the red line and green arrows) 2. This zone is also an 618 retracement of the impulse move marked as "1 to 2" 3. The RSI/7 will most likely be overbought once it hits this...
after failure to make a new low,we have a channel breakout,maybe we will have a nice uptrend now.
WTI retests resistance second time.Go short whenever you have a valid confirmation,according to your own strategy
strong support / resistance line on daily chart 0.382 fib retracement possibility of forming triple top unable to touch the channel seems good to short to : 1- lower line of the channel 2- first recent support 3- second recent support . . . . alikhademoreza.ir
Good setup here on D1 with 3 targets. Price might be go down to 200 days MA, daily trendline or 50.0 % Fibo before starting out. Bullish divergence seems like a promising confirmer so here we go.
Its almost time of the turning point for the second rally of gold
OIL has broken the hourly trend line. Waiting for a pullback to confirm the bearish pattern.
Breakout after long consolidation, reached Fibo 3. Planetary support is at 2.615- it'll correct below it.
CADJPY PASSED THE 0.5 MARK HEADING TO 0.618"
I've been watching this pair for a weeks. We can see a clear resistance level at 84(aprox). In addition, some divergences in RSI have been formed. So it's time to go short to the last relevant support.
FX:GBPCHF in bearish trend. D1 -Correction to the round level(1.25000) -Outside-Bar -Rejection area around 50 and 61,8% Fibo H4 -Breakout of the triangle pattern