As it can be inferred from the chart, the price was able to reject the Weekly area of resistance. We are waiting for the price to drop a little bit more before we can open BUY positions and aim for the upside
The price has been able to create a triangle pattern. If we manage to break the upper boundary of the triangle and come back for a re-test, we will be looking for BUY positions. On the opposite, if the price breaks the lower boundary and retests it, we will be opening short positions and aiming for the target identified on the chart.
It can be inferred from the chart that the price is approaching a level of resistance. We will be looking for SELL positions from that area and aiming for the zone drawn on the graph.
Everything has been clearly illustrated on the chart, as you can see. We are waiting for the price to keep rising and hit the profit at 85.8 area of resistance.
The price is moving in a parallel channel between two ascending trendlines. It is currently sitting on a structure and we are expecting the price to grow and reach the area plotted on the graphic.
The price has been rejecting the area drawn on the chart and it has formed a double bottom pattern. We are expecting the price to continue growing and hit the zone marked on the graph.
Looking at the previous few candles, we can see that bears and bulls have been battling vigorously with each other. The price has managed the break the ascending trendline mapped on the chart and smoothly re-test it. We are now expecting the price to play according to our scenario and keep dropping from one zone to another.
What do you think about EU, family?...
Two possibilities and many questions over here. Is it a reversal? Has the price formed a triple bottom and preparing its launch to the upside? Is it a new dip? Well we do not know as of right now. But what we can do, is wait for more confirmations before entering a transaction. If the price manages to bounce off and close above the structure plotted on the chart,...
It can be seen from the chart that the price has formed a descending triangle pattern. The target is around 28.7 as illustrated on the chart. If the price breaks the descending trendline and closes above it, we will be opening LONG positions and aiming for our target. On the other hand, if the price manages to drop down till the are plotted on the graph, we will...
As it can be clearly observed from the chart, the price has formed a triangle pattern. If it manages to close above the upper boundary of the triangle, we will be going long. On the opposite, if the price closes below the lower boundary, we will be going short and aiming for the area plotted out on the graph.
As it can be clearly inferred from the chart, the price has formed a triangle pattern. If it manages to close above the upper boundary of the triangle, we will be going long. On the contrary, if the price closes below the lower boundary, we will be going short and aiming for the area plotted out on the graph.
Looks like the price got back into the range after being able to break it to the downside last Friday. If the price manages to close above the rotated rectangle illustrated on the chart, we will be going long and aiming for the area plotted on the chart. On the other hand, if it manages to close belowe the rectangle, we will be opening short positions.
As it can be observed, a triangle pattern is being formed on UCAD. We will not be opening any positions for this one as of right now. We will rather sit back and watch the price do its thing. What do you think, family? Where is the price headed next?
From the smaller timeframes, it can be inferred that the price has been able to form an ascending parallel channel pattern. We are expecting the price to grow from here till the area marked on the chart!
The price has formed a descending triangle and is now testing the lower boundary of it and attempting to break it. We will be waiting for a re-test before going short and aiming for the zone drawn on the graph.
As it can be inferred from the illustration, the price is on its way to complete a re-test of the previously broken structure. We are now waiting for the price to approach the buy area pointed out on the chart before going long on the pair and aiming for the previous high.
As it can be inferred from the chart, the bulls are still in control of Brent, and the growth should continue. We are expecting the price to drop till the area circled on the chart, from where the price is highly likely to keep growing and reach the key zone marked on the graphic.
Happy trading, everyone!
