Yeah, so the chart most likely tells more than words. But, anyway, the last week closed as a bearish engulfing on a daily chart, and I expect this to be just a retest. From swing high to swing low drawn fib retracement shows that the price is sitting on a 61.8 % fib, which gives us an excellent risk to reward to this trade as the stop loss is just slightly above...
Price has tapped the 76.8% retracement line on a bigger time frame at the 0.89400 with last week candle closing as a spinning top hinting that there could be a reversal due to a slowdown in momentum of buyers however with this week candle looking like it could close as a bullish candle what would confirm a reversal is if this daily candle closes below 0.89302,...
Since I've been gone, gold decided to shoot for the moon. However, there looks like there was no pullback of any kind since its take off. The stutter step it did last week could be signaling the retracement is about to begin. So let's see how far will gold move for a big retest or something more. BEAR TPS: 1337.50 1326.14 1319.26 1311.11 I have to...
-SELL OFF DUE IF WE CAN STAY UNDER WEEKLY RESISTANCE - DONT FIGHT ANY CONSOLIDATION BATTLES AWAIT GOOD CONFIRMATION
Probably to continue the down trend! (1D) Zone 1: - Restest, Sell TP 1269 - Breakout, Buy TP 1285 Zone 2: - Restest, Sell TP 1277 - Brekout, Buy 1295
Overall move is still bearish. But what we're looking at right here with this mini trendline is confirmation of a continuation to the downside. I only see two possible areas where it can still bounce up before rolling back down as a swing trade. I looks like a possible double bottom formation could happen to create the bottom of a bearish harmonic, then...
My harmonic was too small apparently for last week's markup because it created a bigger one off the weekly for a 140+ drop. So marked it up for this week analysis. The bearish trendline is major respected thanks to the long wick rejection from the 1.51498 area. Price even broke through a solid support level at 1.50138 to confirm we are in a downtrend. Looking...
This was a slow moving pair for the last couple of weeks. It got a mini jolt late last week, so let's see will it continue further down, or just find the strength to keep on climbing. Looking for multiple tests on the counter trendline to see if the price will breakout for the return to the weekly, or respect it and keep tumbling down to the daily level and...
Target 0.87000, 213 pip decline.
GBPUSD broke the key level 1.3029 and is currently entering a downtrend movement, using the Trend ribbon we were able to find the reverse point. - SL placed over earlier resistance
This one depends on if price will support or breakthrough monthly support/resistance and trendline to determine clear direction. Would like to see the harmonic fully respected all the way to 1.502034. If monthly SR and trendline broken, looking for a target tp around 1.492892. BULL TPS: From the monthly SR area... 1.50823 1.51084 1.51332 1.51498 target...
Wedge formation can be seen on weekly and daily. Not full enough for the breakout yet, but have to wait and see what price does for now. In the meantime, the wedge may not even be broken this week. Currently, waiting for breakout or rejection of overall trendline. BEAR TPS: If overall trendline respected... 83.598 83.383 83.078 82.753 Must break...
Currently, price has the option of supporting or breaking through the counter trendline to determine which daily SR level it will go to. The overall move on the chart is bearish, but do not know how much longer this flag will go. BEAR TPS/b] 0.74605 0.74422 if the counter TR is broken 0.74220 0.73982 BULL TPS: 0.74932 0.75180 0.75267
Since in a 4hr resistance zone, Awaiting the pullback sine price got exhausted around this area last week. Then a continuation back up around mid-week. BEAR TPS: 111.498 111.055 BULL TPS: All dependent on where price turns around target TP:0112.125 112.054 111.732 111.393
Over the week I'll look for either of the following setup s for a BUY or a SELL
Good evening from the UK. Its been a while since I've posted a trade on NZDCAD. Reason being the price was moving sideways for a considerable amount of time. 0.9100 was acting as a Physiological key level which was rejected a break above for around 2 months. the previous restiance has beeb broken and is now acting as a support barrier for the pair. We have now...
DONT RECOMMEND ANY POSITION TILL WE BREAL 4.200 FOR GOING EVEN TO 6K, IF NOT WE CAN GO EVEN LOWER THAN THE LAST TIME FOR THE NEW LOWER HIGH. NO VOLUME ALSO SO MAY SELL