There is a lot of talk that gold -0.44% will be down by the end of the year...
The picture shows XAU/USD on the 1D chart, a pervious and current trend channel, and a bullish butterfly.
Also, according to the RSI, there is a buying opportunity.
Short term reversal?
What does everyone think?
The measurements for a valid deep crab pattern are detailed below....
Here we have AUD/USD on the daily chart with a general outlook on market direction, as you can see price is has dropped heavily since breaking our trendline around 0.76000... I am now looking for positions on the lower timeframes to get in on this move.
Keep an eye on this structure going into next week, if you have any additional analysis feel free to leave it below.
We're looking at UKOIL on a 1h chart, this is an excellent shorting opportunity to continue the long term trend... Don't miss out on this one!
As you can see from the daily chart below we have been trading within a sideways channel since early 2016, price has approached a key level of resistance and is starting to stall out.
The measurements for a valid shark...
Interesting setup on the Daily chart for EUR/TRY with a potential bearish deep crab, as you can see price is currently trading within an ascending channel and has attempted to breakout multiple times.
The measurements for a valid deep crab pattern are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.0 - 3.618
Final X to D: 1.618
Last week the U.S Dollar broke out and closed above an extremely important resistance level and it has raised a lot of questions in terms of analysis going forward.
Straight away you can see price has been stuck in consolidation since the beginning of 2015. Testing support and resistance multiple times within that 2 year time period, struggling to breakout until...
Wow this is huge, after posting my analysis 2 days ago regarding a breakout on the daily chart today I have found a position correlating with the key reversal level.
My previous analysis for NZD/USD is shown below:
All-round the setup looks promising, our D leg is just off the 1.272 but I feel this a is an excellent buying opportunity, one that I will be...
Today we're taking a look at the future market direction of EUR/USD on a Daily chart. You can clearly see price has been trading within a sideways channel since early 2015 with no clear sign of a breakout anytime soon!
We are currently approaching a major level of support, once we reach the 1.05000 area I would be looking for buying opportunities on the lower...
I'm getting ready for the weeks ahead, make sure to keep this on your watch list! Here we have CAD/JPY on a 4h chart with an excellent buying opportunity.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
If we can complete our C point this move will take place in the forthcoming weeks, as always feel free...
Here we have GBP/CHF on a 4h chart with a bearish bat harmonic pattern, as you can see price is approaching our D point for a potential reversal... I am looking for extra confirmation before entering this trade.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
Make sure to keep this one on your watch list, here we have USD/JPY on a Daily chart with a bearish crab pattern. I'm currently looking at long term moves in the market and this one fits the bill!
The measurements for a valid crab pattern are detailed below.
B: 0.382 - 0.618
C: 0.382 - 0.886
D: 2.618 - 3.618
Final X to D: 1.618
All-round excellent...
November has been a HUGE month for me and all of my students... Today we have an amazing long term setup forming on a Daily chart for NZD/USD. Straight away this could be an selling opportunity depending on the entry point to get into this change in trend.
I'll be looking for opportunities on the lower timeframes in the near future. To round off we are...
November is turning out to be a GREAT month.
Here we have a bullish gartley on the 1D chart.
Yes, another harmonic pattern in a trend channel...
Given the trendline, we might want to look for price to go a little past the PRZ zone, but then we are definitely looking for a price reversal.
The measurements for a valid gartley pattern are detailed below.
B:...
Price made a big move on Friday for this pair...
As price is approaching the bottom of this ascending trend channel, a bullish cypher is starting to form.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I have posted a previous analysis on this pair:
It shows a bearish 5-0 pattern if price breaks the...
We have a potential Bullish Cypher pattern on AUD/CAD 4h chart.
D point is getting close to the bottom of the trend channel, which is giving for confirmation for a reversal.
This one doesn't look like it's hitting till the end of the month, but this will definitely be on my radar!
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C:...
Today, we have a Bearish 5-0 pattern on the NZD/USD 4h chart. I never trade solely off Head and Shoulders patterns, but they are good for further confirmation.
Depending on when the D point hits, I have given both options for the C measurement on the graph.
They are differentiated by color:
Green = C:1.618
Blue = C:2.24
Also, I have high lighted in red where the...
After two profitable trades using the 5-0 pattern in previous weeks here we have GBP/USD on a 4h chart with yet another 5-0 pattern. I'm absolutely loving the look of this, especially ahead of the U.S Presidential Election.
(This is purely a technical prediction, I am not basing this analysis on who is likely to be voted)
The measurements for a valid 5-0 pattern...
Here we have a possible bearish crab forming on the NZD/JPY 4h chart.
This post is a based on @lewisglasgow 's previous post on this pair. Different pattern, similar measurements.
This is one may be a long shot, but the price has broken out of the current descending channel that started at the beginning of the year.
The measurements for a valid crab pattern...
I love the weekend. Markets aren't moving. It gives a technical trader quality time to analyze as many pairs as they desire with little to no rush, while examining all possibilities of price movement.
Today, we have a bullish gartley and crab on the XAG/USD 1h chart. With both pairs we are watching for the price to drop in the next few days.
I would say the...
