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XAUUSD on the 1D timeframe on forex.com has reached its lower low on the bullish trendline. Also touched it support area. Very potentially XAUUSD will return to the top to reach its lower high.
great sector, great business model with good fundametals.
listed with 40% premium in its IPO lisiting.
great to buy. since it has broken the trend of lower higher and lower lows.
volume is also pretty high.
a small cap company, which could prove a multibagger in future.
The daily chart has been pirnting Lower highs and lower lows all year. we could see a pull back for December but I do not see a bullish break of 1.6000 this year now.
After completing the Bat pattern earlier this week we got a perfect entry from the 886 Fib
I took it long/took profits but we had a spike to the downside before price started to consolidate a little (This is showing weakness to the downside especially now we have lower highs/lowes, price may potentially drop after one last push up and this is where the bearish...
Hi,
I'm new to forex trading and trading in general and need some advice since I'm never sure if my way of analysis is good enough. I'm thinking of shorting based on the head and shoulders pattern and the lower lows and lower highs that show a change of the uptrend in the 45 min time frame. I have a far way to go to become a profitable trader and I'd be grateful...
Hello traders and investors! Let’s talk about Tesla again! After it lost our Triple-Support level, it denied the bullish thesis we discussed last week. But what it is supposed to do now?
TSLA just filled a gap in the 1h chart, and anything good that it could around here, would be great. But so far, we have no confirmation of any reversal sign.
The trend is...
1) 2160 - 2240 = Key Support
2) Lower Low Lower High is broken = Change in Direction
Watching Rejection Candle from 2150 - 2170
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price is bearish but we need to move up to move down natural ebb and flow. to keep in line with the structure we must follow a lower high lower low pattern. here is a possible idea for that structure to play out with positive risk to rewards. Entry isn't given just areas of importance
USD/CAD Weekly and Daily time frame broke out from its long term channel and making lower lows and lower highs, we already have a pull back after the breakout, you can spread your down fibonacci to get a clearer picture of the lower lows and lower highs,
if you spread your fibs on the Daily you will notice that we have a 0.618 pull back with a counter trend line...
