I’m predicting US30 will continue climbing into unknown territory for this group of achievers.
Since I’m a newbie in indices tradering I find scalping on a five minut chart to be most beneficial and after this restest daily candle for MONDAY I expect price to continue the uptrend into 30,300 and higher.
Get your computers ready, the mist poltical confusions...
-Symmetrical Triangle on 4H waiting for breakout
Height of the Symmetrical triangle fits with 124.00 LV
-Several Dojis on Daily TF rejecting 122.6 LV
-Previous Week Hammer Pattern closure
-RSI oversold condition on Daily TF
Trend is down since beginning of week
Beautiful market structure, drop base drop, over and over
clear break bears in control after high tf strong bear close outside zone ready for another push with NY/London cross volume
From the daily chart we can see the price is approaching the supply zone at 1250.00 from a textbook uptrend of higher highs since November 13th 2018, from the RSI we also see some form of divergence which even though its still premature to confirm it,if it fails to break above the 76.20 which is the high of the year will be confirmation of a reversal. A short...
Just a beginner stepping his foot into the forex world. I marked up the charts and wanted to add my 2 cents in on the idea gold has a strong uptrend line of support & resistance thinking it will hit its peak sometime tomorrow or next week tuesday due to the holiday. Correct me if im wrong or add you're 2 cents in ! Thanks guys, may the pips be with you. Happy trading!
Break of key level
1.13813 support price for a preveus consolidation zone.
1)break of zone
2)lower low created
3)pullback to fib pint 0.382
4)H&A formation in confluence with both fib and price zone.
Risk to reward ration 4.86
GBP/JPY has had a pretty decent run from the weekly rejection of 145.00 not too long ago. Since the pair remained above the daily moving averages, price retaliated fiercely against any intraday 'bearish chop' ultimately pulling the pair higher and higher, having little remorse for short sellers.
From here onward, a reversal is anticipated, or a pullback at least...
Price broke through a Daily Supporting Trendline and retested it in confluence with a previous Supply Zone! 148.000
Price is being rejected off the 4 Hour Resistance trendline and has as well broke through a supporting trendline.
Hidden bearish divergence and RSI bouncing off the 50 RSI.
I see a potentially massive move to the downside since interest rate sentiment for the pound has continued to be dovish. I can see bearish ramifications due to weak fundamentals. Looking at technicals, the pair is headed to a major zone which may present a great entry off of the 61.8 fib level for a massive swing!