Hello friends.
I saw a three top pattern in 1D chart and a bearish divergence included too.
after the 3rd time price touch 2050 Resistance level , we can see in picture below ,
Buyers couldnt lead price upper and Sellers came in strongly.
So , as you can see in Zoomed Chart , we have a Bearish Engulfing pattern there and
in the main chart , we see a...
OANDA:XAUUSD
D1 Timeframe shows a broadening descending wedge chart.
This could be a lucrative trend to the Upside.
However on the W1 TimeFrame there is a formed rising wedge.
Which means........BUYERS will Sell this current high price.
It is seems to be the year end SALE.
Hello Everyone,
Today we look at USDCHF breaking structure on the daily time frame so we should be looking at only sells but if we go into the 4hr time frame we see a LL(LOWER LOW) trying to break the previous LH(LOWER HIGH) so this could be the retracement for the daily that we're looking for either way if you're looking to trade this would be a good buy on the...
The recent consolidation we are seeing has brought the downward trendline which resulted in price breaking down in November back into my attention.
Price had mostly been consolidating for October to November of 2018 before depreciating around 50%.
We are seeing something similar at the moment with price consolidating and forming higher lows and lower highs.
The...
