A buy signal is in wait to obtain it's momentum when it's given the chance , by time frame analysis a 4hr ,3 , 2 , 1 chart gives hope and prophecy that the bulls will gain authority over the market. The bears have the chance to make small advances but in the long run I will advice not to play or make a mockery of prophecy with regards to the 4hr timeframe...
Reversal at the downward trendline on the 4H and the pair has formed a symmetrical triangle.
I expect the price to trade within this triangle and then hitting the first take profit before proceeding to take profit two to potentially form a double bottom.
Risk-Reward Ratio: 1:4.52
SL: 1.75785 ( -69.4 pip risk)
based onmy analysis im posting a possible short sell ive typed out sell limit area and sell stop zone and left a short measure to give guidance on stop loss and TP thanks again for following give me feed back and thanks again :D lets CATCH SOME PIPS!
This is what i think will happen with gold. We have had the first wave 1 we are now looking for the wave 2 pullback and look for a big wave 3.
this is my predictions please trade with your own strategy and trading plan.
Has an Inverse Head and Shoulder and is respecting support of trend line. Expecting it to push up and complete the pattern. It has one zone to break and once that's broke, it's gone. But, expecting a 50 pip move upward.
USD/CHF is still correcting within the ascending tendency.
Market Will Pullback From Support Zone 0.95870
TO Resistance zone 0.97180
If Not then
The Next Major Support Zone 0.95100
Don't Forget To HIT LIKE and FOLLOW ME
Price is heading towards a level of strong resistance. If the price gets rejects here we can continue to head downwards. Look out for a close under 1.95597 on the 4H timeframe. Another scenario would be price breaking this level of resistance and retest this price level and continue on an upward trend. If the price rejects in this area then price can continue to...
As we cann see, we are now waiting for the break of the simetric triangle, we prefer the value raise up, because the entry will be cleaner than if the value breaks in the low site, anyway, the value could give us a fake out before the entry so we will wait for the best moment for the entry!
give me your opinions below and give a like for more analysis!!