The Price bounces from Sensitive zone 0 ( now support ) and retested the neck line. also previously a head and shoulder pattern has made.
Markets are in the RISK ON mood which usually puts pressure on safe assets and currencies including the yellow metal. Here we see a HEAD AND SHOULDER pattern on the verge of completion! The neckline will likely be broken soon enough as the risk ON markets dominates the appetite of the investors. Once the neckline gets broken we should see the selling pressure...
This is the retest I was waiting for: a few days ago I posted an idea on #T highlighting a broken head and shoulders pattern. Today's candle loos like the perfect retest of the old resistance as new support. Today's pin candle shows buyers' pressure around $31.50 and this seems a perfect area to go long; as always, evaluate this trade based on your risk aversion...
After the dollar has climbed for the past 3 weeks, the price has started to drop from a high since the beginning of this trading week. EURUSD has managed to close above a 1-week range yesterday and that signals for the price to climb further with the dollar starting to drop. Therefore, we can look for intraday buying opportunity should the price pulls back, which...
HEAD AND SHOLDERS FORMED DOUBLE TOP FORMED MARKET CURRENTLY AT NECKLINE OF HEAD AND SHOULDERS WAIT FOR A BREAK BEFORE TAKING THIS TRADE
The above snapshot represents the daily chart of the yellow metal. it can be clearly seen that the head and shoulder formation might just be about to completed soon! The main chart (4hr) shows the channel has been breached with EMA 50 adding further confluence to downward move which could target the potential neckline of the overall H & S formation. Once the...
Very good price to go short on EurUsd Stop Loss 1.13750 Take Profit 1.11850
We can see that on the chart there is building up reversal pattern - Inverse Head and Shoulders. This is bullish reversal pattern and important is close above the neckline . Wait for pullback (neckline), it should be good entry. Targets: TP area (agressive) 0.382 Fibo (0.7076) SL: Below the right shoulder -> 0.70260 Wait for entry! Wait for...
This should be a short-term trade. I'm convinced the market has no more power to push the price up. We need to see a correction with a good potential. After bad data from CAD GDP last week we saw nice bounce from the bottom of bullish trend channel and also move out from Falling Wedge (bullish sign). Now the market grow so fast so I guess there could be a little...
GOLD 4H BUY REVERSAL ZONE (SUPPORT) CONFIRM BY DOUBLE BOTTOM PRICE PULLBACKED TO NECKLINE AND IT PRICE IS GOOD FOR INTER BUY POSTION BUY AT:1327.50 SL:1319.80 TP:1339.30
GBPJPY 4H PULLBACK TO NECKLINE SELL AT:144.45 SL:145.20 TP:143.20
NZDCHF 4H PULLBACK TO NECKLINE REVERSAL ZONE SELL AROUND:0.6848 SL:0.6920 TP:0.6725
AUDUSD 4H DOUBLE BOTTOM CONFIRM BY CLOSE FIRST CANDLE STICK TOP OF NECKLINE BUY ZONE AROUND: 0.7110---0.7120 TP: 0.7240 SL: 0.7049
H1 - Head and shoulders pattern. Price did break and close below the neckline. We may now look for more evidences of bearish pressure in order to start looking for sells. The target for this sell setup would be the duplication from the head towards the neckline of the head and shoulders pattern.
The breakout targets are still roughly pretty close to eachother even though price action on the flag is now looking more like a symmetrical pennant. I anticipate a break upward from the pennant no later than tomorrow but possibly tonight. That will put us above the neckline of the inverted head and shoulder pattern...I'm still not completely confident we will...
Still watching this neckline for a possible breakout. Buy dips and buy the breakout