Neutral on Gold as we've reached a very critical previous and weekly resistance. If broken, we are going long. If not, short term short.
This is a D/W target. Please make proper money management.
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
EURJPY - Channel Break & Retest! During the last 3 weeks, EURJPY has been moving in an ascending channel formation. Price has now broken this channel and retested a key level of previous support, now resistance. With this being said, I have entered a short trade with a great R:R of 1:5. If price can reach this area, it will result in +100 pips.
GBPCAD - Rejection At Resistance! After catching a 260 pip move to the upside on this pair, I am now taking a short position to a mid-level which would equate to +115 pips. Price has reached a key level of resistance and failed to break through. On lower timeframes I have seen various candlestick patterns that indicate that this pair will reverse. With a tight SL...
GBPAUD Trade Analysis for Long Position GBPAUD break above double bottom neckline 25th June - Price break lower low shows that bearish bias still in control 7th Jul - First price rejection near 1.78950 7th July - six continuously bullish candle showing potential bullish reversal 8th July - Price break above neckline 1.80656 wait for price pull back to...
Here we have a possible head and shoulders pattern forming on the H4 charts. The long wicked bullish candle on the right shoulder shows how price attempted to climb but struggled to even get past the left shoulder's high. Ultimately it formed a shooting star which is a good indication of a price reversal. A SELL order can be placed when the market opens providing...
With the possibility of creating a lower low (or at least an equal low) on the weekly time frame; I would wait for a daily close below daily support and look for entry on retest of level
Currently the AUD/USD pair heading towards to the bottom of the channel. After the breakout ,I expect a retest from the trendline,before the price starts to fall again.
CUP AND HANDLE PATTERN FOUND IN TATASTEEL CHART.AS IN 1D CHART , IF CANDLE BODY CROSSES AS PER CHART, GO FOR LONG ....ROCKON
Hi traders: How I see GBPAUD for the long term approach would be to patiently waiting for a larger higher time frame structure to develop. We see price had a strong impulse move down, and currently at the bottom of the channel structure. Such strong move requires larger, deeper, correction to develop before any continuation. Hence I will observe what the price...
Once it breaks above that pink line and stays above it, $90-100 is reachable. SL 57.