Expect price correction and continued decline movement...
The index is selling in the medium term, but you should pay attention to related news
AUDJPY on daily showing strong bullish momentum with EMA's crossed over confirming buyers coming into the market with a resistance turned into support broken as well as the trendline. On our H4 execution timeframe we are seeing a pullback to the broken daily trendline and H4 support zone which will set us up for long positions once the trendline and support have...
EU had a H4 Swing CHoCH, Daily Swing Pullback may have finished, Longs can become higher probability during this weeks
Spotted a possible gartley on the 4h looking to catch the C-D leg Here are my measurements: - X @ 172.326 - A @ 168.055 - B @ 170.695 - C @ 168.356 - D @ 171.412 I'm interested in trading the CD leg looking to TP @ 171.250 Comment/Critique welcome lmk what you think!
rsi was highly overbought and now it back to normal level after 12345 wave price has made abc correction with 0.382 retracement this macro trend for gold is super bullish it is ready to breakout its 2070 multi year resistance $2000 is a huge phycological level so profit taking here is very reasonable since macro is big bull on gold so may be it don't hit 0.618...
price first dropped vertical in wave A than it made flag correction patter in wave B than it made C ending diagonal pattern after cpi and other economic indicators while top was made after fomc meeting when fed said deflation has been started and inflation will drop very quickly but despite those less hawkish comments gold dropped which you can say insider...
After breaking the resistance level and pullback, it will be a good opportunity to sell There are two levels to take profit, and we can wait for the price to reach the second level with proper money management
I think this drop is due to last night's news and at this point, the Australian dollar will be directed higher Be Happy
With stronger GBP and weaker JPY, this pair is likely to continue it's bullish run after a brief correction.
Setup: Holp reversal Trade rating: 4/5 Reward: risk: 2:1
GBPJPY sell 156.666-157, sl 157.5, TP 156-155.6 Technical analysis is based on AC + fibonacci retracement in H1 timeframe
Huge R to be gained potentially. We are in the middle of a bearish retracement on daily, with bearish price structure printed on intraday timeframes. Bouncing off from supply zone, and should hopefully break out of this range. I think this could be the time. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY
gold price made triple bottom at 1620 but veridical bullish trend was started after November fomc and it went straight up to 1824 bottom to top price has made 12345 leading diagonal chart pattern. Or you can say buy the rumor sell the news of lower size of rate hike lower trend line has been breakout and now retesting that line again as resistance near 1791...
Nice little swing trade on EU here. Could take some time, may not. SL highlighted just under the boxed zone, TP at the base of the highlighted box above. Higher lows consistently being made, and this is based on H4 higher low + bullish retracement on daily before another continuation of bearish cycle. EU SLs are around 1.0200 zone. TRADING IDEA --- NOT AN...
The price is currently at the peak and near to the supply. Based on market structure,the price will go at discount price after a rejection . Please follow me for more simple trading idea. #garisterus
Huge Shorts incoming for AUDNZD, H1/H4. First target is 1.07, when H4/daily support zones for next targets. Lower highs formed, and price has been ranging, though on multiple occasions with strong rejections from supply/res zone. Bears are dominating and will push the price further down. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Nice 123 Higher low swing on GBPCAD. Should continue the upward momentum shown on Daily/Weekly charts. Appropriate TP2/TP3 zones can also be found on resistance levels on the Daily chart. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!