Gold has surged bullishly last week. Also, price has broke out of its descending channel pattern. We still might continue to see bullish price action for next week. However, price is on its way to making a pullback before continuing to the upside.
Price is within a ranging channel and currently at the top of the channel. It approached the the resistance level with an ascending channel and we are expecting a rejection on this level. A lower time frame reversal setup on the resistance level would confirm a short entry on this pair.
hey guys break and retest of support level with rejections including price respecting and going with the trend
lol I heard the title got to be eye catching sooooo was that really eye catching im joking hit the like and comment on this
Before taking this wait for more hourly rejections to the upside
lol what are you waiting for LIKE and comment. what do you guys think is going to happen to GJ?
Like and Comment if your in on this or you agree ;) As we all know in trading, patterns repeat, the more you trade the more you see them. Ive been trading for a moth and ive seen this like every trading day. Do your own analysis but im all in on this!
Like and Comment if you agree Please wait for a retest of this zone before taking the short
As we get a rising wedge formation and a double top formation, it should be cool to go short on this pair.
As price broke out of the rising channel, it should be cool going short on this pair.
Please Like & Follow Entry @ 1.23700 TP @ 1.22300 SL @ 1.24200 MFX PRO TRADING
USDCAD: broke below 1.39750 key psychological and snapped back above support (fake out). Price managed to close off a strong daily candlestick which engulfed six days of daily price action (notice the size of the daily engulfing). Scaling down to the 4hr time frame we can see price ranging between 1.39500-1.45000. Also notice how price broke above this down...
Daily Time Frame: We can see price creating a double bottom formation at 107.000 key psychological support. Also notice on the second bounce how price created a morning star reversal formation. Scaling down to the 4hr time frame, we can see that this market has been ranging between 107.000-109.000 key psychological. If price comes down one more time to 107.000...